Apollo Commercial Real Estate Finance (ARI) Sees Strong Trading Volume
Shares of Apollo Commercial Real Estate Finance (NYSE:ARI) saw unusually-high trading volume on Friday . Approximately 661,219 shares were traded during mid-day trading, a decline of 1% from the previous session’s volume of 669,860 shares.The stock last traded at $16.69 and had previously closed at $16.48.
Separately, Keefe, Bruyette & Woods upped their price target on shares of Apollo Commercial Real Estate Finance from $17.50 to $18.00 and gave the stock a “market perform” rating in a report on Wednesday, June 1st.
The firm has a 50-day moving average of $16.34 and a 200-day moving average of $16.14. The stock has a market cap of $1.12 billion and a PE ratio of 18.01.
Apollo Commercial Real Estate Finance (NYSE:ARI) last posted its quarterly earnings results on Tuesday, July 26th. The real estate investment trust reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.03. The firm had revenue of $46.90 million for the quarter, compared to analysts’ expectations of $7.60 million. During the same quarter in the previous year, the company earned $0.45 EPS. The company’s quarterly revenue was up 43.0% compared to the same quarter last year. Equities analysts expect that Apollo Commercial Real Estate Finance will post $2.32 EPS for the current year.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.