Apollo Commercial Real Estate Finance (NYSE:ARI – Get Free Report) released its quarterly earnings data on Monday. The real estate investment trust reported ($2.62) earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($2.73), FiscalAI reports. The firm had revenue of $44.38 million for the quarter, compared to the consensus estimate of $34.70 million. Apollo Commercial Real Estate Finance had a net margin of 48.01% and a return on equity of 7.87%.
Apollo Commercial Real Estate Finance Stock Performance
Shares of ARI stock traded down $0.09 during trading hours on Monday, reaching $6.67. The company had a trading volume of 2,284,838 shares, compared to its average volume of 2,410,166. The company has a debt-to-equity ratio of 0.68, a quick ratio of 81.80 and a current ratio of 81.81. The business has a fifty day moving average price of $9.34 and a 200-day moving average price of $10.22. Apollo Commercial Real Estate Finance has a one year low of $6.43 and a one year high of $11.24. The firm has a market cap of $872.17 million, a PE ratio of 8.23 and a beta of 1.36.
Apollo Commercial Real Estate Finance Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $3.75 dividend. This is a positive change from Apollo Commercial Real Estate Finance’s previous quarterly dividend of $0.25. This represents a $15.00 dividend on an annualized basis and a dividend yield of 224.9%. Apollo Commercial Real Estate Finance’s payout ratio is currently 123.46%.
Analyst Ratings Changes
Check Out Our Latest Research Report on Apollo Commercial Real Estate Finance
Insiders Place Their Bets
In related news, Director Carmencita N.M. Whonder sold 4,574 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $10.93, for a total value of $49,993.82. Following the sale, the director owned 24,799 shares in the company, valued at approximately $271,053.07. This trade represents a 15.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.52% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Apollo Commercial Real Estate Finance
A number of hedge funds have recently added to or reduced their stakes in the stock. Danske Bank A S purchased a new position in shares of Apollo Commercial Real Estate Finance in the 3rd quarter worth $50,000. Resources Management Corp CT ADV increased its position in Apollo Commercial Real Estate Finance by 47,757.1% during the fourth quarter. Resources Management Corp CT ADV now owns 6,700 shares of the real estate investment trust’s stock valued at $65,000 after acquiring an additional 6,686 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in Apollo Commercial Real Estate Finance by 18.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 7,462 shares of the real estate investment trust’s stock valued at $74,000 after acquiring an additional 1,183 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in Apollo Commercial Real Estate Finance by 943.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 10,438 shares of the real estate investment trust’s stock valued at $101,000 after acquiring an additional 9,438 shares during the period. Finally, MML Investors Services LLC purchased a new position in Apollo Commercial Real Estate Finance in the fourth quarter worth about $105,000. 54.43% of the stock is currently owned by hedge funds and other institutional investors.
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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