Favorable Press Coverage Somewhat Unlikely to Affect Apollo Commercial Real Estate Finance (ARI) Stock Price
Media coverage about Apollo Commercial Real Estate Finance (NYSE:ARI) has been trending positive on Saturday, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Apollo Commercial Real Estate Finance earned a media sentiment score of 0.30 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 46.8667568170419 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Financial Comparison: Apollo Commercial Real Estate Finance (ARI) and Manhattan Bridge Capital (LOAN) (americanbankingnews.com)
- Hair-Raising Facts to Know – Apollo Commercial Real Estate Finance, Inc., (NYSE:ARI) – Stock Watch (stocksnewstimes.com)
- Apollo Commercial Real Estate Finance (ARI) Shares Cross Above 200 DMA (nasdaq.com)
- Apollo Commercial Real Estate Finance, Inc. breached its 50 day moving average in a Bullish Manner : ARI-US : September 19, 2017 (finance.yahoo.com)
- $0.45 EPS Expected for Apollo Commercial Real Estate Finance (ARI) This Quarter (americanbankingnews.com)
Shares of Apollo Commercial Real Estate Finance (NYSE ARI) traded up 0.49% during midday trading on Friday, hitting $18.35. The company’s stock had a trading volume of 2,490,318 shares. The company has a market cap of $1.93 billion, a P/E ratio of 9.08 and a beta of 0.64. The company has a 50-day moving average price of $17.96 and a 200 day moving average price of $18.40. Apollo Commercial Real Estate Finance has a 1-year low of $15.54 and a 1-year high of $19.92.
Apollo Commercial Real Estate Finance (NYSE:ARI) last announced its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). The business had revenue of $62.22 million during the quarter, compared to analyst estimates of $63.75 million. Apollo Commercial Real Estate Finance had a net margin of 93.54% and a return on equity of 9.59%. The firm’s revenue for the quarter was up 32.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.49 earnings per share. On average, equities research analysts predict that Apollo Commercial Real Estate Finance will post $1.84 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 10.03%. The ex-dividend date of this dividend is Thursday, September 28th. Apollo Commercial Real Estate Finance’s dividend payout ratio is 86.79%.
Several equities analysts have weighed in on the company. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $18.00 target price on shares of Apollo Commercial Real Estate Finance in a research note on Friday, June 9th. BidaskClub lowered Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Zacks Investment Research lowered Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $19.00 target price on shares of Apollo Commercial Real Estate Finance in a research note on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $19.33.
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In other news, CEO Stuart Rothstein sold 25,000 shares of the business’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $18.69, for a total value of $467,250.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.62% of the stock is owned by insiders.
Apollo Commercial Real Estate Finance Company Profile
Apollo Commercial Real Estate Finance, Inc is a real estate investment trust. The Company primarily originates, acquires, invests in and manages performing commercial first mortgage loans, subordinate financings, commercial mortgage-backed securities (CMBS) and other commercial real estate-related debt investments.
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