Apollo Commercial Real Est. Finance Inc (ARI) Given Consensus Recommendation of “Hold” by Analysts

Apollo Commercial Real Est. Finance Inc (NYSE:ARI) has received a consensus recommendation of “Hold” from the six analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company.

A number of analysts have weighed in on the stock. Zacks Investment Research raised shares of Apollo Commercial Real Est. Finance from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Tuesday, July 31st. BTIG Research assumed coverage on shares of Apollo Commercial Real Est. Finance in a research note on Monday, October 8th. They set a “neutral” rating on the stock.

Shares of NYSE:ARI opened at $18.74 on Friday. The company has a market capitalization of $2.50 billion, a P/E ratio of 12.17 and a beta of 0.43. The company has a current ratio of 48.07, a quick ratio of 48.07 and a debt-to-equity ratio of 0.15. Apollo Commercial Real Est. Finance has a 1 year low of $17.56 and a 1 year high of $19.57.

Apollo Commercial Real Est. Finance (NYSE:ARI) last announced its quarterly earnings data on Wednesday, October 24th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.47. The business had revenue of $77.48 million for the quarter, compared to analysts’ expectations of $77.97 million. Apollo Commercial Real Est. Finance had a net margin of 74.22% and a return on equity of 9.13%. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period last year, the firm posted $0.51 earnings per share. As a group, equities analysts predict that Apollo Commercial Real Est. Finance will post 1.66 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 9.82%. Apollo Commercial Real Est. Finance’s payout ratio is presently 119.48%.

In other Apollo Commercial Real Est. Finance news, Director Scott Prince sold 30,000 shares of the business’s stock in a transaction on Friday, August 24th. The shares were sold at an average price of $19.36, for a total transaction of $580,800.00. Following the sale, the director now owns 45,132 shares of the company’s stock, valued at $873,755.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark C. Biderman sold 10,000 shares of the business’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $19.45, for a total transaction of $194,500.00. Following the sale, the director now directly owns 56,718 shares in the company, valued at approximately $1,103,165.10. The disclosure for this sale can be found here. Insiders own 0.65% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company lifted its holdings in shares of Apollo Commercial Real Est. Finance by 4.1% during the first quarter. The Manufacturers Life Insurance Company now owns 84,523 shares of the real estate investment trust’s stock worth $1,520,000 after purchasing an additional 3,313 shares during the period. Legal & General Group Plc lifted its holdings in shares of Apollo Commercial Real Est. Finance by 19.1% during the first quarter. Legal & General Group Plc now owns 239,575 shares of the real estate investment trust’s stock worth $4,296,000 after purchasing an additional 38,473 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Apollo Commercial Real Est. Finance by 15.0% during the first quarter. Principal Financial Group Inc. now owns 998,746 shares of the real estate investment trust’s stock worth $17,958,000 after purchasing an additional 130,432 shares during the period. KAMES CAPITAL plc lifted its holdings in shares of Apollo Commercial Real Est. Finance by 8.5% during the second quarter. KAMES CAPITAL plc now owns 167,604 shares of the real estate investment trust’s stock worth $3,064,000 after purchasing an additional 13,120 shares during the period. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Apollo Commercial Real Est. Finance by 28.4% during the second quarter. Nisa Investment Advisors LLC now owns 38,000 shares of the real estate investment trust’s stock worth $695,000 after purchasing an additional 8,400 shares during the period. 65.32% of the stock is currently owned by hedge funds and other institutional investors.

Apollo Commercial Real Est. Finance Company Profile

Apollo Commercial Real Estate Finance, Inc operates as a real estate investment trust (REIT) that primarily originates, acquires, invests in, and manages commercial first mortgage loans, subordinate financings, and other commercial real estate-related debt investments in the United States. The company is qualified as a REIT under the Internal Revenue Code.

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