Apollo Commercial Real Estate Finance (NYSE:ARI – Get Rating) is set to post its quarterly earnings results after the market closes on Monday, October 24th. Analysts expect Apollo Commercial Real Estate Finance to post earnings of $0.33 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Apollo Commercial Real Estate Finance (NYSE:ARI – Get Rating) last announced its earnings results on Tuesday, July 26th. The real estate investment trust reported $0.35 EPS for the quarter, topping the consensus estimate of $0.26 by $0.09. Apollo Commercial Real Estate Finance had a net margin of 71.47% and a return on equity of 8.22%. During the same period in the prior year, the firm posted $0.38 EPS. On average, analysts expect Apollo Commercial Real Estate Finance to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Apollo Commercial Real Estate Finance Stock Performance

Shares of ARI opened at $9.08 on Monday. The company has a market capitalization of $1.28 billion, a PE ratio of 8.04 and a beta of 1.43. Apollo Commercial Real Estate Finance has a one year low of $7.91 and a one year high of $15.98. The company has a debt-to-equity ratio of 3.09, a current ratio of 38.24 and a quick ratio of 38.25. The company’s fifty day moving average price is $10.98 and its 200 day moving average price is $11.66.

Apollo Commercial Real Estate Finance Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Friday, September 30th were issued a $0.35 dividend. The ex-dividend date of this dividend was Thursday, September 29th. This represents a $1.40 annualized dividend and a yield of 15.42%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is presently 123.89%.

Institutional Trading of Apollo Commercial Real Estate Finance

Several hedge funds and other institutional investors have recently bought and sold shares of ARI. Renaissance Technologies LLC boosted its position in shares of Apollo Commercial Real Estate Finance by 983.3% during the 1st quarter. Renaissance Technologies LLC now owns 604,940 shares of the real estate investment trust’s stock valued at $8,427,000 after acquiring an additional 549,100 shares in the last quarter. Invesco Ltd. boosted its position in shares of Apollo Commercial Real Estate Finance by 24.6% during the 1st quarter. Invesco Ltd. now owns 2,715,545 shares of the real estate investment trust’s stock valued at $37,827,000 after acquiring an additional 536,101 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Apollo Commercial Real Estate Finance by 214.9% during the 1st quarter. First Trust Advisors LP now owns 774,727 shares of the real estate investment trust’s stock valued at $10,792,000 after acquiring an additional 528,692 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Apollo Commercial Real Estate Finance by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 15,046,199 shares of the real estate investment trust’s stock valued at $209,594,000 after acquiring an additional 435,919 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Apollo Commercial Real Estate Finance by 78.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 922,408 shares of the real estate investment trust’s stock valued at $12,849,000 after acquiring an additional 406,841 shares in the last quarter. 55.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. StockNews.com assumed coverage on shares of Apollo Commercial Real Estate Finance in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. JPMorgan Chase & Co. lowered shares of Apollo Commercial Real Estate Finance from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $12.50 to $11.00 in a research report on Tuesday, September 6th. Finally, Credit Suisse Group decreased their price target on shares of Apollo Commercial Real Estate Finance to $11.00 in a research report on Thursday.

Apollo Commercial Real Estate Finance Company Profile

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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. It is qualified as a REIT under the Internal Revenue Code.

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