Apollo Commercial Real Estate Finance Inc (NYSE:ARI) price on Friday, May 23, rose 0.31% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $9.63.
A look at the stock’s price movement, the close in the last trading session was $9.60. Turning to its 52-week performance, $11.03 and $7.70 were the 52-week high and 52-week low respectively. Overall, ARI moved 5.94% over the past month.
Apollo Commercial Real Estate Finance Inc’s market cap currently stands at around $1.34 billion, with investors looking forward to this quarter’s earnings report slated for in June. The company has a Forward Dividend ratio of 0.76, with its dividend yield at 7.87%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ARI is a 100% Buy. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
ARI’s current price about 0.16% and 3.32% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 53.98, while 7-day volatility ratio is 1.64% and 1.35% in the 30-day chart. Further, Apollo Commercial Real Estate Finance Inc (ARI) has a beta value of 1.56, and an average true range (ATR) of 0.23. Analysts have given the company’s stock an average 52-week price target of $13.5, forecast between a low of $13.5 and high of $13.5. Looking at the price targets, the low is -40.19% off current price level while to achieve the yearly target high, price needs to move -40.19%. Nonetheless, investors will most likely welcome a -40.19% jump to $13.5 which is the analysts’ median price.
If we refocus on Apollo Commercial Real Estate Finance Inc (NYSE:ARI), historical trading data shows that trading volumes averaged 1.23 million over the past 3 months. The company’s latest data on shares outstanding shows there are 138.87 million shares.
The 1.63% of Apollo Commercial Real Estate Finance Inc’s shares are in the hands of company insiders while institutional holders own 67.32% of the company’s shares. Current price change has pushed the stock 11.20% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ARI stock continues to rise going into the next quarter.
