Short Interest in Apollo Commercial Real Est. Finance Declines By 35.1% (ARI)
Apollo Commercial Real Est. Finance (NYSE:ARI) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totalling 1,104,504 shares, a decrease of 35.1% from the April 30th total of 1,700,684 shares, American Banking News.com reports. Based on an average daily trading volume, of 1,199,817 shares, the days-to-cover ratio is presently 0.9 days. Currently, 3.0% of the company’s stock are sold short.
A number of research firms have recently commented on ARI. Analysts at Zacks upgraded shares of Apollo Commercial Real Est. Finance from an “underperform” rating to a “neutral” rating in a research note on Thursday, June 5th. They now have a $17.20 price target on the stock. Separately, analysts at JMP Securities cut their price target on shares of Apollo Commercial Real Est. Finance to $18.00 in a research note on Monday, June 2nd.
Apollo Commercial Real Est. Finance (NYSE:ARI) opened at 16.71 on Thursday. Apollo Commercial Real Est. Finance has a 52 week low of $14.56 and a 52 week high of $17.18. The stock’s 50-day moving average is $16.68 and its 200-day moving average is $16.6. The company has a market cap of $620.6 million and a price-to-earnings ratio of 12.41.
Apollo Commercial Real Est. Finance (NYSE:ARI) last announced its earnings results on Tuesday, April 29th. The company reported $0.37 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.41 by $0.04. During the same quarter in the prior year, the company posted $0.33 earnings per share.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 9.58%. The ex-dividend date of this dividend is Thursday, June 26th.
Apollo Commercial Real Estate Finance, Inc is a real estate investment trust (NYSE:ARI) that primarily originates, acquires, invests in and manages performing commercial first mortgage loans, commercial mortgage-backed securities (CMBS), subordinate financings and other commercial real estate-related debt investments in the United States.
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