At the time of writing, Apollo Commercial Real Estate Finance Inc [ARI] stock is trading at $11.19, up 1.08%. An important factor to consider is whether the stock is rising or falling in short-term value. The ARI shares have gain 3.32% over the last week, with a monthly amount glided 1.36%, and seem to be holding up well over a long-time horizon.
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On 8, April 2024, Apollo Commercial Real Estate Finance, Inc. Announces Dates for First Quarter 2024 Earnings Release and Conference Call. In a post published today on Yahoo Finance, Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE:ARI), today announced the Company will hold a conference call to review its first quarter 2024 financial results on Tuesday, April 30, 2024 at 10:00 a.m. Eastern Time. The Company’s first quarter 2024 financial results will be released after the market closes on Monday, April 29, 2024. During the conference call, Company officers will review first quarter 2024 performance, discuss recent events and conduct a question-and-answer period.
From an analyst’s perspective:
Apollo Commercial Real Estate Finance Inc [NYSE: ARI] stock has seen the most recent analyst activity on March 04, 2024, when BofA Securities downgraded its rating to a Underperform but kept the price target unchanged to $10.50 for it. Previously, UBS started tracking the stock with Neutral rating on December 06, 2023, and set its price target to $10.50. On August 02, 2023, upgrade upgraded it’s rating to Neutral but maintained its price target of $10.50 on the stock. JP Morgan downgraded its rating to Underweight for this stock on September 06, 2022, and downed its price target to $11. In a note dated February 03, 2021, BTIG Research initiated an Neutral rating.
For the past year, the stock price of Apollo Commercial Real Estate Finance Inc fluctuated between $8.58 and $12.74. Currently, Wall Street analysts expect the stock to reach $13.5 within the next 12 months. Apollo Commercial Real Estate Finance Inc [NYSE: ARI] shares were valued at $11.19 at the most recent close of the market. An investor can expect a potential return of 20.64% based on the average ARI price forecast.
Analyzing the ARI fundamentals
According to Apollo Commercial Real Estate Finance Inc [NYSE:ARI], the company’s sales were 777.00M for trailing twelve months, which represents an 25.31% jump. Gross Profit Margin for this corporation currently stands at 0.7% with Operating Profit Margin at -0.16%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.0 and Total Capital is -0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.15.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 11.07 points at the first support level, and at 10.96 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.25, and for the 2nd resistance point, it is at 11.32.
Apollo Commercial Real Estate Finance Inc [ARI] reported earnings per share of $0.36 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.34/share, meaning a difference of $0.02 and a surprise factor of 5.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.37 per share as compared to estimates of $0.35 per share, a difference of $0.02 representing a surprise of 5.70%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 2.05, the price to book ratio is 0.71 and price to earnings (TTM) ratio is 38.13.
Transactions by insiders
Recent insider trading involved ROTHSTEIN STUART, President & CEO, that happened on Jan 16 ’24 when 40000.0 shares were sold. President & CEO, ROTHSTEIN STUART completed a deal on Oct 16 ’23 to sell 40000.0 shares. Meanwhile, Director BIDERMAN MARK C sold 10000.0 shares on Sep 06 ’23.
