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 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

Apollo Comml Real Est (NYSE:ARI) reported Q4 earnings with an EPS of $0.36, beating estimates by 9.09% but with a revenue decrease of $11.16 million from the previous year. The company has a history of surpassing EPS estimates, which previously led to a 5.06% share price increase the following day.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 9:35 pm

Apollo Commercial Real Estate (ARI) reported Q4 adjusted earnings of $0.36 per share, surpassing the $0.33 estimate, marking a 16.13% year-over-year increase. However, net interest income of $58.01M fell short of the $65.33M estimate, a 16.14% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:32 pm

Earnings reports for various companies are scheduled for February 6, 2024, with projections ranging from significant profits to losses across diverse sectors. Notable mentions include BP, UBS, Frontier Group Holdings, and Spotify Technology, among others, indicating a broad spectrum of financial health and market expectations.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 10:42 am

Apollo Comml Real Est (NYSE:ARI) is scheduled to release its quarterly earnings report on February 6, 2024, with analysts expecting an EPS of $0.33. Historical data shows that ARI's stock price reacts to both earnings outcomes and forward guidance. Last quarter, ARI beat the EPS estimate by $0.02, leading to a 5.06% stock price increase the following day. However, the stock has seen a 12.04% decline over the last 52 weeks, indicating potential investor concern ahead of this earnings release.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 4:02 pm

UBS analyst Douglas Harter has initiated coverage on Apollo Commercial Real Estate Finance (NYSE:ARI) with a Neutral rating and set a price target of $10.5.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 12:29 pm

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