Apollo Commercial Real Estate Finance (NYSE:ARI – Get Free Report) Director Carmencita N.M. Whonder sold 4,574 shares of the stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $10.93, for a total transaction of $49,993.82. Following the completion of the sale, the director owned 24,799 shares of the company’s stock, valued at $271,053.07. This trade represents a 15.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Apollo Commercial Real Estate Finance Price Performance
Shares of NYSE ARI traded down $0.13 during mid-day trading on Friday, reaching $10.85. The company’s stock had a trading volume of 1,589,672 shares, compared to its average volume of 1,397,612. The stock has a 50-day moving average of $10.74 and a two-hundred day moving average of $10.37. The stock has a market capitalization of $1.44 billion, a P/E ratio of 13.39 and a beta of 1.37. The company has a debt-to-equity ratio of 0.68, a quick ratio of 81.80 and a current ratio of 81.81. Apollo Commercial Real Estate Finance has a 1-year low of $9.39 and a 1-year high of $11.24.
Apollo Commercial Real Estate Finance (NYSE:ARI – Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.07). The company had revenue of $58.63 million during the quarter, compared to analysts’ expectations of $77.85 million. Apollo Commercial Real Estate Finance had a net margin of 48.01% and a return on equity of 7.87%. On average, equities research analysts anticipate that Apollo Commercial Real Estate Finance will post 0.88 EPS for the current fiscal year.
Apollo Commercial Real Estate Finance Announces Dividend
Wall Street Analysts Forecast Growth
A number of research firms recently commented on ARI. Wall Street Zen cut Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Zacks Research upgraded Apollo Commercial Real Estate Finance from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Bank of America began coverage on Apollo Commercial Real Estate Finance in a report on Tuesday, May 5th. They issued a “neutral” rating and a $11.50 price objective on the stock. Finally, Keefe, Bruyette & Woods upped their price objective on Apollo Commercial Real Estate Finance from $10.75 to $11.50 and gave the company an “outperform” rating in a report on Thursday, February 12th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Apollo Commercial Real Estate Finance has an average rating of “Hold” and a consensus price target of $11.13.
Get Our Latest Stock Report on ARI
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. No Street GP LP lifted its holdings in Apollo Commercial Real Estate Finance by 33.3% during the 3rd quarter. No Street GP LP now owns 3,000,000 shares of the real estate investment trust’s stock worth $30,390,000 after buying an additional 750,000 shares in the last quarter. Waterfall Asset Management LLC acquired a new position in shares of Apollo Commercial Real Estate Finance in the fourth quarter worth $5,557,000. First Trust Advisors LP increased its position in shares of Apollo Commercial Real Estate Finance by 710.3% during the fourth quarter. First Trust Advisors LP now owns 636,383 shares of the real estate investment trust’s stock worth $6,160,000 after acquiring an additional 557,850 shares during the period. Millennium Management LLC raised its stake in shares of Apollo Commercial Real Estate Finance by 2,573.9% in the fourth quarter. Millennium Management LLC now owns 504,054 shares of the real estate investment trust’s stock valued at $4,879,000 after acquiring an additional 485,203 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Apollo Commercial Real Estate Finance by 50.4% in the second quarter. Invesco Ltd. now owns 1,291,072 shares of the real estate investment trust’s stock valued at $12,498,000 after acquiring an additional 432,377 shares in the last quarter. Institutional investors and hedge funds own 54.43% of the company’s stock.
About Apollo Commercial Real Estate Finance
Apollo Commercial Real Estate Finance, Inc (NYSE: ARI) is a real estate finance company structured as a real estate investment trust (REIT). The company focuses on originating, acquiring and managing a diversified portfolio of commercial real estate debt and preferred equity investments. As an externally managed vehicle, ARI leverages the expertise and resources of an affiliate of Apollo Global Management, a leading global alternative investment manager.
ARI’s investment strategy is centered on providing first mortgage loans, mezzanine debt financing, bridge loans and preferred equity across a broad range of property types, including office, retail, industrial and multifamily assets.
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