Apollo Commercial Real Estate Finance (ARI) Sees Unusually-High Trading Volume
Apollo Commercial Real Estate Finance (NYSE:ARI) shares saw an uptick in trading volume on Friday . 661,219 shares changed hands during 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 increased their price target on Apollo Commercial Real Estate Finance from $16.00 to $16.50 and gave the stock a “market perform” rating in a report on Thursday, July 28th.
The company has a market capitalization of $1.12 billion and a PE ratio of 18.01. The firm has a 50 day moving average of $16.33 and a 200 day moving average of $16.14.
Apollo Commercial Real Estate Finance (NYSE:ARI) last announced 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 company had revenue of $46.90 million for the quarter, compared to analysts’ expectations of $7.60 million. The business’s quarterly revenue was up 43.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.45 earnings per share. On average, analysts anticipate 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.
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