Revenue Update on Apollo Commercial Real Est. Finance Inc(NYSE:ARI)

Apollo Commercial Real Est. Finance Inc(NYSE:ARI) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $46.92M. Analysts estimated a revenue of $7.60M. Earnings per share were $0.49.

Apollo Commercial Real Est. Finance Inc (ARI) made into the market gainers list on Fridays trading session with the shares advancing 0.12% or 0.02 points. Due to strong positive momentum, the stock ended at $16.25, which is also near the day’s high of $16.305. The stock began the session at $16.22 and the volume stood at 7,86,715 shares. The 52-week high of the shares is $18.25 and the 52 week low is $12.92. The company has a current market capitalization of $1,095 M and it has 6,74,02,311 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jan 5, 2016, Stuart Rothstein (President & CEO) sold 10,000 shares at $17.01 per share price.Also, On Aug 26, 2015, Eric Press (director) purchased 66,875 shares at $14.39 per share price.On Mar 11, 2015, Michael Salvati (director) purchased 5,000 shares at $16.76 per share price, according to the Form-4 filing with the securities and exchange commission.

Apollo Commercial Real Estate Finance Inc. is a real estate investment trust (REIT). The Company is focused primarily on originating investing in acquiring and managing performing commercial first mortgage loans subordinate financings commercial mortgage-backed securities (CMBS) and other commercial real estate-related debt investments. The Company’s principal business objective is to make investments in its target assets in order to provide attractive risk adjusted returns to its stockholders over the long term primarily through dividends and secondarily through capital appreciation. The Company is externally managed and advised by ACREFI Management LLC an indirect subsidiary of Apollo Global Management LLC.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Apollo Commercial Real Est. Finance Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Apollo Commercial Real Est. Finance Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.