Streetbeat News

ARI

Apollo Commercial Real Estate Finance, Inc.

https://www.apolloreit.com

Industry

REIT - Mortgage

Apollo Commercial Real Estate Finance, Inc. operates as a real estate investment trust (REIT) that originates, acquires, invests in, and manages commercial first mortgage loans, subordinate financings, and other commercial real estate-related debt investments in the United States. It is qualified as a REIT under the Internal Revenue Code. As a REIT, it would not be subject to federal income taxes, if the company distributes at least 90% of its REIT taxable income to its stockholders. Apollo Commercial Real Estate Finance, Inc. was founded in 2009 and is based in New York, New York.

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Apollo Commercial Real Estate (NYSE: ARI) reported Q2 earnings of $0.35 per share, beating the analyst estimate of $0.30. However, sales of $51.76 million missed the $58.65 million estimate. Both earnings and sales decreased compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:18 pm

BTIG analyst Thomas Catherwood has assumed coverage of Apollo Commercial Real Estate (NYSE:ARI) with a Neutral rating.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 5:11 pm

JP Morgan analyst Richard Shane maintains a Neutral rating on Apollo Commercial Real Estate (NYSE:ARI) and raises the price target from $9.5 to $10.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 2:31 pm

Keefe, Bruyette & Woods analyst Jade Rahmani maintains a Market Perform rating on Apollo Comml Real Est (NYSE:ARI) and lowers the price target from $11 to $10.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 2:33 pm

Apollo Commercial Real Estate Finance's shares are trading lower following the announcement of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 4:32 pm

Apollo Comml Real Est (NYSE:ARI) reported Q1 2024 adjusted earnings per share of $0.35, surpassing the analyst consensus estimate of $0.30 by 16.67%.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:16 pm

JP Morgan analyst Richard Shane maintains a Neutral rating on Apollo Comml Real Est (NYSE:ARI) and lowers the price target from $11 to $10.5.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 12:44 pm

Bank of America downgraded six commercial real estate mortgage REITs due to interest rate headwinds and weakening fundamentals, predicting a challenging future for the sector. The downgrades were based on concerns such as significant office exposure, looming portfolio maturities, credit issues, and potential for further dividend cuts. The office sector's slow return-to-office trend and minimal rent growth were highlighted as contributing factors. Shares of the downgraded companies fell following the announcement.

Portfolio Pulse from Piero Cingari

March 04, 2024 | 5:58 pm

B of A Securities analyst Eric Dray downgrades Apollo Comml Real Est (NYSE:ARI) from Neutral to Underperform with a new price target of $10.5.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:23 pm

Apollo Comml Real Est (NYSE:ARI) has seen a 9.8% increase in short interest since its last report, with 3.33 million shares sold short, representing 3.25% of its float. It would take about 4.64 days to cover these short positions based on current trading volumes. This rise in short interest can indicate a bearish market sentiment towards ARI, although it has less short interest compared to its peer group average of 5.86%.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 3:15 pm

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