Apollo Commercial Real Estate Finance (NYSE:ARI) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totalling 7,133,088 shares, a growth of 63.7% from the June 15th total of 4,358,579 shares. Based on an average daily volume of 1,601,702 shares, the short-interest ratio is presently 4.5 days. Currently, 7.1% of the company’s shares are short sold.
A number of brokerages have recently issued reports on ARI. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $18.00 target price on shares of Apollo Commercial Real Estate Finance in a research report on Friday, June 9th. BidaskClub lowered Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research downgraded Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $19.00 price target on shares of Apollo Commercial Real Estate Finance in a report on Thursday, July 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $18.75.
In other news, CEO Stuart Rothstein sold 25,000 shares of the business’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $18.69, for a total transaction of $467,250.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.62% of the stock is owned by insiders.
Shares of Apollo Commercial Real Estate Finance (ARI) traded up 0.06% on Friday, hitting $17.92. The stock had a trading volume of 1,405,341 shares. The firm has a 50 day moving average price of $18.16 and a 200 day moving average price of $18.38. The company has a market capitalization of $1.89 billion, a P/E ratio of 8.87 and a beta of 0.65. Apollo Commercial Real Estate Finance has a one year low of $15.54 and a one year high of $19.92.
Apollo Commercial Real Estate Finance (NYSE:ARI) last issued its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by $0.01. Apollo Commercial Real Estate Finance had a return on equity of 9.59% and a net margin of 93.54%. The business had revenue of $62.22 million for the quarter, compared to analyst estimates of $63.75 million. During the same period in the previous year, the business posted $0.49 EPS. The business’s quarterly revenue was up 32.6% compared to the same quarter last year. On average, equities research analysts predict that Apollo Commercial Real Estate Finance will post $1.84 earnings per share for the current fiscal year.
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Apollo Commercial Real Estate Finance Company Profile
Apollo Commercial Real Estate Finance, Inc is a real estate investment trust. The Company primarily originates, acquires, invests in and manages performing commercial first mortgage loans, subordinate financings, commercial mortgage-backed securities (CMBS) and other commercial real estate-related debt investments.
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