Apollo Commercial Real Estate Finance (NYSE:ari) declared a quarterly dividend on Wednesday, September 14th. Stockholders of record on Friday, September 30th will be given a dividend of 0.46 per share by the real estate investment trust on Monday, October 17th. This represents a $1.84 annualized dividend and a dividend yield of 10.67%. The ex-dividend date is Wednesday, September 28th.

A number of institutional investors have recently bought and sold shares of the stock. Barclays PLC increased its position in Apollo Commercial Real Estate Finance by 62,123.2% in the second quarter. Barclays PLC now owns 153,069 shares of the real estate investment trust’s stock valued at $2,460,000 after buying an additional 152,823 shares in the last quarter. Allianz Asset Management AG increased its position in Apollo Commercial Real Estate Finance by 12.6% in the second quarter. Allianz Asset Management AG now owns 1,214,562 shares of the real estate investment trust’s stock valued at $19,518,000 after buying an additional 136,010 shares in the last quarter. Cipher Capital LP increased its position in Apollo Commercial Real Estate Finance by 135.6% in the second quarter. Cipher Capital LP now owns 221,674 shares of the real estate investment trust’s stock valued at $3,562,000 after buying an additional 127,587 shares in the last quarter. Nuveen Fund Advisors LLC purchased a new position in Apollo Commercial Real Estate Finance during the second quarter valued at approximately $1,513,000. Finally, Vanguard Group Inc. increased its position in Apollo Commercial Real Estate Finance by 4.3% in the second quarter. Vanguard Group Inc. now owns 2,159,892 shares of the real estate investment trust’s stock valued at $34,709,000 after buying an additional 88,287 shares in the last quarter. Hedge funds and other institutional investors own 51.80% of the company’s stock.

Several equities analysts have recently weighed in on ARI shares. Zacks Investment Research upgraded Apollo Commercial Real Estate Finance from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Friday, September 9th. Keefe, Bruyette & Woods lifted their price objective on Apollo Commercial Real Estate Finance from $16.00 to $16.50 and gave the company a “market perform” rating in a report on Thursday, July 28th. Finally, Barclays PLC reiterated an “equal weight” rating and set a $17.00 price objective on shares of Apollo Commercial Real Estate Finance in a report on Thursday, September 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $17.50.

Shares of Apollo Commercial Real Estate Finance (NYSE:ARI) opened at 17.24 on Friday. The firm has a 50-day moving average price of $16.51 and a 200 day moving average price of $16.21. Apollo Commercial Real Estate Finance has a 1-year low of $13.80 and a 1-year high of $18.25. The company has a market cap of $1.16 billion, a PE ratio of 18.64 and a beta of 0.76.

Apollo Commercial Real Estate Finance (NYSE:ARI) last posted its earnings results on Tuesday, July 26th. The real estate investment trust reported $0.51 EPS for the quarter, beating the consensus estimate of $0.48 by $0.03. The firm earned $46.90 million during the quarter, compared to the consensus estimate of $7.60 million. Apollo Commercial Real Estate Finance had a return on equity of 10.36% and a net margin of 46.71%. The business’s quarterly revenue was up 43.0% on a year-over-year basis. During the same period last year, the company earned $0.45 earnings per share. On average, equities analysts anticipate that Apollo Commercial Real Estate Finance will post $2.32 earnings per share for the current year.

About Apollo Commercial Real Estate Finance

Apollo Commercial Real Estate Finance, Inc (ARI) is a real estate investment trust (REIT). 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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