Apollo Commercial Real Estate Finance (NYSE:ARI)’s share price gapped up before the market opened on Monday . The stock had previously closed at $16.12, but opened at $16.14. Apollo Commercial Real Estate Finance shares last traded at $16.29, with a volume of 299,262 shares changing hands.

Several research firms recently commented on ARI. Keefe, Bruyette & Woods increased their target price on shares of Apollo Commercial Real Estate Finance from $17.50 to $18.00 and gave the company a “market perform” rating in a report on Wednesday, June 1st. Wells Fargo & Co. lowered shares of Apollo Commercial Real Estate Finance from a “market perform” rating to an “underperform” rating in a report on Monday, April 11th. TheStreet lowered shares of Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a report on Tuesday, April 26th. Finally, Zacks Investment Research lowered shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a report on Monday, April 4th.

The stock has a market cap of $1.12 billion and a price-to-earnings ratio of 13.25. The stock has a 50 day moving average price of $16.24 and a 200 day moving average price of $16.06.

Apollo Commercial Real Estate Finance (NYSE:ARI) last released its earnings results on Tuesday, April 26th. The real estate investment trust reported $0.51 EPS for the quarter, topping the consensus estimate of $0.49 by $0.02. During the same period last year, the firm posted $0.44 EPS. The company earned $46.80 million during the quarter, compared to analysts’ expectations of $7.60 million. Apollo Commercial Real Estate Finance’s quarterly revenue was up 63.6% compared to the same quarter last year. On average, equities research analysts expect that Apollo Commercial Real Estate Finance will post $2.32 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 11.14%. The ex-dividend date of this dividend was Tuesday, June 28th.

Other institutional investors recently added to or reduced their stakes in the company. California Public Employees Retirement System increased its position in Apollo Commercial Real Estate Finance by 4.1% in the fourth quarter. California Public Employees Retirement System now owns 193,100 shares of the real estate investment trust’s stock valued at $3,327,000 after buying an additional 7,600 shares during the period. California State Teachers Retirement System increased its position in Apollo Commercial Real Estate Finance by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 108,297 shares of the real estate investment trust’s stock valued at $1,866,000 after buying an additional 1,784 shares during the period. State Board of Administration of Florida Retirement System increased its position in Apollo Commercial Real Estate Finance by 23.9% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 68,695 shares of the real estate investment trust’s stock valued at $1,184,000 after buying an additional 13,232 shares during the period. Finally, Russell Frank Co increased its position in Apollo Commercial Real Estate Finance by 36.0% in the fourth quarter. Russell Frank Co now owns 121,253 shares of the real estate investment trust’s stock valued at $2,076,000 after buying an additional 32,093 shares during the period.

Apollo Commercial Real Estate Finance, Inc is a real estate investment trust (REIT). The Company is focused primarily on originating, investing in, acquiring and managing performing commercial first mortgage loans, subordinate financings, commercial mortgage-backed securities (CMBS) and other commercial real estate-related debt investments.

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