Apollo Commercial Real Estate Finance (ARI) to Release Quarterly Earnings on Wednesday

Apollo Commercial Real Estate Finance (NYSE:ARI) is scheduled to be releasing its earnings data after the market closes on Wednesday, October 30th. Analysts expect Apollo Commercial Real Estate Finance to post earnings of $0.25 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Apollo Commercial Real Estate Finance Trading Up 0.5 %

ARI opened at $8.87 on Tuesday. The company has a current ratio of 54.21, a quick ratio of 54.21 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $1.26 billion, a PE ratio of -11.37, a PEG ratio of 1.93 and a beta of 1.75. Apollo Commercial Real Estate Finance has a 1-year low of $8.52 and a 1-year high of $12.74. The firm has a 50-day moving average price of $9.55 and a two-hundred day moving average price of $10.02.

Apollo Commercial Real Estate Finance Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 11.28%. The ex-dividend date of this dividend was Monday, September 30th. Apollo Commercial Real Estate Finance’s payout ratio is presently -128.21%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ARI. BTIG Research began coverage on shares of Apollo Commercial Real Estate Finance in a research report on Friday, July 19th. They issued a “neutral” rating for the company. JPMorgan Chase & Co. lowered their price objective on shares of Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating for the company in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $9.88.

Insider Transactions at Apollo Commercial Real Estate Finance

In other news, Director Scott Prince sold 4,935 shares of Apollo Commercial Real Estate Finance stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $10.12, for a total transaction of $49,942.20. Following the completion of the sale, the director now owns 81,154 shares in the company, valued at $821,278.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.68% of the stock is owned by corporate insiders.

About Apollo Commercial Real Estate Finance

Apollo Commercial Real Estate Finance, Inc operates as a real estate investment trust (REIT) that 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 United Kingdom, and Europe.