October 4, 2022

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Apollo Commercial Real Estate Finance, Inc. (NYSE:ARIGet Rating) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 3,180,000 shares, a decline of 13.6% from the August 15th total of 3,680,000 shares. Based on an average daily trading volume, of 1,080,000 shares, the days-to-cover ratio is presently 2.9 days. Approximately 2.3% of the company’s shares are sold short.

Apollo Commercial Real Estate Finance Stock Performance

Shares of ARI stock traded down $0.01 during trading hours on Friday, reaching $11.18. 2,698,894 shares of the company’s stock were exchanged, compared to its average volume of 997,259. The company has a market cap of $1.57 billion, a P/E ratio of 9.89 and a beta of 1.35. The company’s 50 day moving average is $11.85 and its two-hundred day moving average is $12.28. Apollo Commercial Real Estate Finance has a 1 year low of $9.41 and a 1 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.
Apollo Commercial Real Estate Finance (NYSE:ARIGet Rating) last issued its earnings results on Tuesday, July 26th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.09. Apollo Commercial Real Estate Finance had a return on equity of 8.22% and a net margin of 71.47%. During the same quarter in the prior year, the business posted $0.38 earnings per share. Equities research analysts anticipate that Apollo Commercial Real Estate Finance will post 1.29 EPS for the current fiscal year.

Apollo Commercial Real Estate Finance Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 12.52%. The ex-dividend date is Thursday, September 29th. Apollo Commercial Real Estate Finance’s payout ratio is currently 123.89%.

Hedge Funds Weigh In On Apollo Commercial Real Estate Finance

Several hedge funds have recently bought and sold shares of the company. Profund Advisors LLC increased its position in Apollo Commercial Real Estate Finance by 23.9% during the first quarter. Profund Advisors LLC now owns 18,570 shares of the real estate investment trust’s stock worth $259,000 after buying an additional 3,581 shares in the last quarter. Public Employees Retirement Association of Colorado purchased a new position in Apollo Commercial Real Estate Finance during the fourth quarter worth $491,000. SG Americas Securities LLC increased its position in Apollo Commercial Real Estate Finance by 557.8% during the first quarter. SG Americas Securities LLC now owns 50,164 shares of the real estate investment trust’s stock worth $699,000 after buying an additional 42,538 shares in the last quarter. Camden Capital LLC purchased a new position in Apollo Commercial Real Estate Finance during the first quarter worth $525,000. Finally, Arete Wealth Advisors LLC increased its position in Apollo Commercial Real Estate Finance by 252.5% during the first quarter. Arete Wealth Advisors LLC now owns 366,300 shares of the real estate investment trust’s stock worth $5,103,000 after buying an additional 262,376 shares in the last quarter. 55.57% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on ARI shares. Credit Suisse Group cut their price target on Apollo Commercial Real Estate Finance to $13.00 in a report on Friday, July 22nd. JPMorgan Chase & Co. cut Apollo Commercial Real Estate Finance from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $12.50 to $11.00 in a research report on Tuesday, September 6th.

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.

Further Reading

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