Apollo Commercial Real Estate Finance (NYSE:ARI) Updated Broker Ratings

Postado Julho 04, 2017

Camelot Portfolios LLC now owns 77,119 shares of the real estate investment trust's stock valued at $1,032,000 after buying an additional 1,902 shares in the last quarter. LLC bought a new stake in Ares Commercial Real Estate Corporation during the first quarter worth approximately $971,000. The legal version of this piece of content can be read at https://baseballnewssource.com/markets/apollo-commercial-real-estate-finance-ari-to-issue-quarterly-dividend-of-0-46-on-july-17th-updated/1081535.html. Bank of New York Mellon Corp increased its stake in Ares Commercial Real Estate Corporation by 8.6% in the first quarter. Accern also gave press coverage about the real estate investment trust an impact score of 76 out of 100, indicating that recent media coverage is likely to have an impact on the company's share price in the immediate future. On average, analysts anticipate that Ares Commercial Real Estate Corporation will post $1.07 earnings per share for the current year. IndexIQ Advisors LLC now owns 27,755 shares of the real estate investment trust's stock worth $371,000 after buying an additional 3,071 shares during the period. Apollo Commercial Real Estate Finance has a 1-year low of $15.54 and a 1-year high of $19.92. The stock has a 50-day moving average price of $18.57 and a 200 day moving average price of $18.05. The stock's market capitalization is 1.70B.

Apollo Commercial Real Estate Finance (NYSE:ARI) traded down 0.11% during mid-day trading on Wednesday, reaching $18.55. The real estate investment trust reported $0.41 EPS for the quarter, missing the consensus estimate of $0.49 by $0.08. The company had revenue of $57.81 million during the quarter. Ares Commercial Real Estate Corp (NYSE:ACRE) has risen 14.17% since July 3, 2016 and is uptrending. During the same period a year ago, the business earned $0.18 earnings per share. Shareholders of record on Friday, June 30th will be given a $0.46 dividend. This represents a $1.08 annualized dividend and a yield of 8.25%. On the Redemption Date, dividends on the Series A Preferred Stock will cease to accrue. Ares Commercial Real Estate Corporation's payout ratio is 73.47%.

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A number of equities analysts have recently commented on the stock.

Other equities analysts have also recently issued reports about the stock. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $18.75.

In other Ares Commercial Real Estate Corporation news, Director James E. Skinner purchased 3,860 shares of the firm's stock in a transaction dated Thursday, May 4th. The shares were bought at an average cost of $12.95 per share, with a total value of $49,987.00. Metropolitan Life New York owns 17,765 shares. For a further list and description of such risks and uncertainties, see the reports filed by the Company with the Securities and Exchange Commission. Insiders purchased a total of 63,582 shares of company stock valued at $835,517 in the last three months. Entrustpermal Management Ltd Liability Company invested in 116,500 shares or 1.18% of the stock. The disclosure for this purchase can be found here. For the last month, company shares are -13.51%. Institutional investors and hedge funds own 67.23% of the company's stock. Zacks Investment Research upgraded shares of Apollo Commercial Real Estate Finance from a hold rating to a buy rating and set a $21.00 price objective for the company in a report on Tuesday, April 25th. California Public Employees Retirement System now owns 48,600 shares of the real estate investment trust's stock worth $650,000 after buying an additional 24,200 shares during the last quarter. The Firm operates through principal lending segment. 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.