Apollo Commercial Real Estate Finance (NYSE:ARI) Issues Earnings Results

Apollo Commercial Real Estate Finance (NYSE:ARI) issued its quarterly earnings data on Tuesday. The real estate investment trust reported $0.26 earnings per share for the quarter, hitting the consensus estimate of $0.26, FiscalAI reports. Apollo Commercial Real Estate Finance had a net margin of 51.40% and a return on equity of 8.34%. The business had revenue of $73.25 million during the quarter, compared to analysts’ expectations of $46.97 million.

Apollo Commercial Real Estate Finance Price Performance

Shares of NYSE:ARI traded up $0.05 during trading on Wednesday, hitting $10.76. 146,356 shares of the company were exchanged, compared to its average volume of 1,364,907. Apollo Commercial Real Estate Finance has a 1-year low of $7.70 and a 1-year high of $11.20. The company has a market capitalization of $1.49 billion, a P/E ratio of 12.08 and a beta of 1.54. The company has a quick ratio of 90.32, a current ratio of 90.32 and a debt-to-equity ratio of 0.66. The business’s 50 day moving average is $10.16 and its 200-day moving average is $10.16.

Apollo Commercial Real Estate Finance Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.25 per share. The ex-dividend date was Wednesday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 9.3%. Apollo Commercial Real Estate Finance’s dividend payout ratio is 112.36%.

Insider Transactions at Apollo Commercial Real Estate Finance

In other Apollo Commercial Real Estate Finance news, CEO Stuart Rothstein sold 52,072 shares of the stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $10.16, for a total value of $529,051.52. Following the completion of the transaction, the chief executive officer directly owned 229,709 shares in the company, valued at approximately $2,333,843.44. This trade represents a 18.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.68% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ARI. AQR Capital Management LLC increased its position in Apollo Commercial Real Estate Finance by 43.4% in the 1st quarter. AQR Capital Management LLC now owns 21,016 shares of the real estate investment trust’s stock valued at $201,000 after acquiring an additional 6,358 shares during the period. Envestnet Asset Management Inc. raised its position in Apollo Commercial Real Estate Finance by 8.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 19,328 shares of the real estate investment trust’s stock worth $187,000 after purchasing an additional 1,582 shares during the last quarter. Creative Planning lifted its holdings in Apollo Commercial Real Estate Finance by 14.5% during the 2nd quarter. Creative Planning now owns 17,093 shares of the real estate investment trust’s stock worth $165,000 after buying an additional 2,166 shares during the period. Norges Bank bought a new stake in shares of Apollo Commercial Real Estate Finance in the 2nd quarter valued at about $1,146,000. Finally, Invesco Ltd. increased 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 buying an additional 432,377 shares during the period. Institutional investors own 54.43% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on ARI. JPMorgan Chase & Co. increased their target price on Apollo Commercial Real Estate Finance from $10.50 to $11.00 and gave the stock an “overweight” rating in a report on Monday, November 3rd. Wall Street Zen downgraded shares of Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Apollo Commercial Real Estate Finance in a research report on Monday, December 29th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $10.88.

Apollo Commercial Real Estate Finance Company Profile

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.