Media coverage about Apollo Commercial Real Estate Finance (NYSE:ARI) has trended positive this week, Accern Sentiment reports. The research group ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Apollo Commercial Real Estate Finance earned a media sentiment score of 0.29 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 46.7162017437312 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news stories that may have impacted Accern’s scoring:
Several brokerages have recently issued reports on ARI. BidaskClub raised Apollo Commercial Real Estate Finance from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. Zacks Investment Research cut Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $18.00 target price on shares of Apollo Commercial Real Estate Finance in a report on Friday, June 9th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $19.00 target price on shares of Apollo Commercial Real Estate Finance in a report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $19.33.
Shares of Apollo Commercial Real Estate Finance (NYSE ARI) traded up 0.39% during midday trading on Friday, reaching $17.97. The company’s stock had a trading volume of 3,172,744 shares. The company has a 50 day moving average price of $17.95 and a 200-day moving average price of $18.41. Apollo Commercial Real Estate Finance has a 52 week low of $15.54 and a 52 week high of $19.92. The stock has a market capitalization of $1.89 billion, a PE ratio of 8.90 and a beta of 0.64.
Apollo Commercial Real Estate Finance (NYSE:ARI) last released its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.46 earnings per share for the quarter, missing the Zacks’ 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 during the quarter, compared to analysts’ expectations of $63.75 million. During the same period last year, the business earned $0.49 earnings per share. The company’s revenue for the quarter was up 32.6% compared to the same quarter last year. On average, equities research analysts expect that Apollo Commercial Real Estate Finance will post $1.84 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 10.24%. The ex-dividend date is Thursday, September 28th. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is 86.79%.
In other Apollo Commercial Real Estate Finance news, CEO Stuart Rothstein sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $18.69, for a total value of $467,250.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.62% of the company’s stock.
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About Apollo Commercial Real Estate Finance
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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