Apollo Commercial Real Estate Finance (ARI) Set to Announce Earnings on Wednesday

Apollo Commercial Real Estate Finance (NYSE:ARI) is set to issue its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.25 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Apollo Commercial Real Estate Finance Stock Performance

NYSE ARI opened at $8.82 on Monday. The business’s 50-day moving average price is $9.55 and its 200 day moving average price is $10.02. The company has a market capitalization of $1.25 billion, a PE ratio of -11.31, a price-to-earnings-growth ratio of 1.93 and a beta of 1.75. The company has a current ratio of 54.21, a quick ratio of 54.21 and a debt-to-equity ratio of 0.63. Apollo Commercial Real Estate Finance has a twelve month low of $8.52 and a twelve month high of $12.74.

Apollo Commercial Real Estate Finance Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.34%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is -128.21%.

Analyst Upgrades and Downgrades

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

Insider Activity at Apollo Commercial Real Estate Finance

In related news, Director Scott Prince sold 4,935 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $10.12, for a total transaction of $49,942.20. Following the sale, the director now directly owns 81,154 shares in the company, valued at approximately $821,278.48. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.68% of the company’s stock.

Apollo Commercial Real Estate Finance Company Profile

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.