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

Apollo Commercial Serious Estate Finance (NYSE:ARI – Get Ranking) issued its quarterly earnings benefits on Monday. The serious estate investment decision have confidence in reported $.35 EPS for the quarter, beating the Zacks’ consensus estimate of $.33 by $.02, MarketWatch Earnings experiences. Apollo Professional Genuine Estate Finance experienced a internet margin of 81.92% and a return on equity of 8.92%. All through the identical quarter in the earlier year, the firm attained $.36 EPS.

ARI opened at $12.74 on Wednesday. The organization has a 50 day transferring normal rate of $13.58 and a 200-working day relocating normal selling price of $13.87. The corporation has a swift ratio of 71.68, a latest ratio of 71.68 and a personal debt-to-fairness ratio of .80. The inventory has a marketplace capitalization of $1.79 billion, a selling price-to-earnings ratio of 9.10 and a beta of 1.24. Apollo Commercial Actual Estate Finance has a twelve month lower of $12.10 and a twelve month high of $16.94.

The company also lately introduced a quarterly dividend, which was paid out on Friday, April 15th. Stockholders of document on Thursday, March 31st ended up paid a $.35 dividend. The ex-dividend day was Wednesday, March 30th. This represents a $1.40 annualized dividend and a dividend produce of 10.99%. Apollo Industrial Real Estate Finance’s dividend payout ratio is presently 100.00%.

Several massive investors have lately modified their holdings of the stock. California Condition Instructors Retirement Process enhanced its position in Apollo Industrial Genuine Estate Finance by 2.2% throughout the 4th quarter. California Condition Instructors Retirement Procedure now owns 194,704 shares of the genuine estate expenditure trust’s stock valued at $2,562,000 after purchasing an supplemental 4,205 shares all through the interval. Penserra Money Administration LLC grew its holdings in shares of Apollo Business Serious Estate Finance by 182.9% during the fourth quarter. Penserra Capital Management LLC now owns 15,953 shares of the serious estate expense trust’s stock truly worth $209,000 just after buying an additional 10,313 shares in the past quarter. Stifel Money Corp boosted its position in shares of Apollo Commercial Genuine Estate Finance by 25.4% for the duration of the 4th quarter. Stifel Money Corp now owns 71,974 shares of the true estate expenditure trust’s inventory valued at $947,000 soon after obtaining an supplemental 14,571 shares during the very last quarter. Legal & General Team Plc boosted its stake in Apollo Professional Genuine Estate Finance by 3.9% through the fourth quarter. Legal & Standard Group Plc now owns 382,710 shares of the real estate financial commitment trust’s inventory worthy of $5,037,000 just after obtaining an added 14,498 shares all through the time period. Finally, Cubist Systematic Tactics LLC boosted its stake in shares of Apollo Commercial True Estate Finance by 1,694.6% in the fourth quarter. Cubist Systematic Techniques LLC now owns 206,885 shares of the serious estate investment decision trust’s inventory valued at $2,723,000 following buying an additional 195,357 shares during the period of time. Hedge money and other institutional investors individual 57.32% of the company’s inventory.

ARI has been the topic of various current analysis reviews. Zacks Expenditure Research lifted shares of Apollo Business Actual Estate Finance from a “sell” rating to a “hold” ranking in a research report on Wednesday, April 13th. JPMorgan Chase & Co. raised their price target on shares of Apollo Commercial Authentic Estate Finance from $13.00 to $13.50 and gave the stock a “neutral” rating in a investigation observe on Monday. Ultimately, StockNews.com commenced protection on shares of Apollo Business Authentic Estate Finance in a report on Thursday, March 31st. They issued a “hold” rating for the corporation.

About Apollo Professional Real Estate Finance (Get Score)

Apollo Business Serious Estate Finance, Inc operates as a genuine estate investment decision have faith in (REIT) that originates, acquires, invests in, and manages business to start with mortgage loan financial loans, subordinate financings, and other commercial true estate-related personal debt investments in the United States. It is certified as a REIT beneath the Inside Revenue Code.

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