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.

Open

9.05

Mkt cap

1.3B

Volume

582K

High

9.19

P/E Ratio

-9.74

52-wk high

12.74

Low

9.01

Div yield

0.14

52-wk low

8.52

Apollo Commercial Real Estate Finance (ARI) reported a Q3-2024 net income loss of 69 cents per share, with distributable earnings at 31 cents per share. The company's book value is declining, and 10% of its loans are non-performing.

Portfolio Pulse from

November 06, 2024 | 5:45 pm

Apollo Commercial Real Estate (NYSE:ARI) reported a Q3 2024 GAAP EPS of $(0.69), missing the analyst consensus estimate of $(0.42) by 64.29%.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 8:23 pm

JP Morgan analyst Richard Shane has maintained a Neutral rating on Apollo Commercial Real Estate (NYSE:ARI) while lowering the price target from $9.5 to $8.5.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 2:15 pm

The article highlights three oversold financial stocks with potential for short-term gains: Apollo Commercial Real Estate Finance Inc (ARI), Ready Capital Corp (RC), and Ellington Financial Inc (EFC). These stocks have RSI values near or below 30, indicating they are oversold. ARI posted strong earnings but saw a 13% decline in stock price over the past month. RC had its price target lowered by Piper Sandler, with a 7% decline in stock price. EFC reported weaker-than-expected earnings, with a 5% decline in stock price.

Portfolio Pulse from Avi Kapoor

October 07, 2024 | 10:42 am

The article highlights three financial stocks with high dividend yields: Ready Capital Corporation, Apollo Commercial Real Estate Finance, and Saratoga Investment Corp. Analysts have given neutral ratings to these stocks, with recent updates on their performance and dividend announcements.

Portfolio Pulse from Avi Kapoor

September 05, 2024 | 1:08 pm

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

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