Your email has been successfully added to our mailing list.

×
0 0 0 0 0 0 0 0
Stock impact report

Apollo Commercial Real Estate Finance to Sell Loan Portfolio to Athene, Targets $12.05 Book Value [Yahoo! Finance]

Apollo Commercial Real Estate Finance, Inc (ARI) 
Last apollo commercial real estate finance, inc earnings: 2/13 04:30 pm Check Earnings Report
US:NYSE Investor Relations: apolloreit.com
Company Research Source: Yahoo! Finance
two loans totaling $146 million), and expects the deal to leave ARI with a common equity book value per share of about and roughly $1.4 billion of net cash Management says the sale—which carries a 23% premium to recent trading levels and has no financing contingency —is designed to close a long-running valuation gap; the transaction includes a 25-day go-shop , requires stockholder approval, and is expected to close in the second quarter Post-close, ARI will retain about $466 million of net equity in real estate, remain a REIT, intends to pay a $0.25 Q1 dividend and target an ~ 8% annualized yield , while Apollo agreed to a 50% reduction in its annual management fee (paid in stock) and to reimburse up to $10 million ; management will pursue strategic options, including M&A or potential dissolution if no plan is adopted by year-end. Interested in Apollo Commercial Real Estate Finance? Here are five stocks we like better. Apollo Commercial Real Estate Finance (NYSE:ARI) outlined Show less Read more
Impact Snapshot
Event Time:
ARI
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for ARI alerts
Opt-in for
ARI alerts

from News Quantified
Opt-in for
ARI alerts

from News Quantified