Equities analysts forecast that Apollo Commercial Real Est. Finance Inc (NYSE:ARI) will report earnings per share (EPS) of $0.46 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Apollo Commercial Real Est. Finance’s earnings. Apollo Commercial Real Est. Finance posted earnings of $0.12 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 283.3%. The firm is scheduled to announce its next earnings report on Wednesday, February 13th.
According to Zacks, analysts expect that Apollo Commercial Real Est. Finance will report full-year earnings of $1.78 per share for the current fiscal year, with EPS estimates ranging from $1.77 to $1.80. For the next year, analysts anticipate that the firm will post earnings of $1.96 per share, with EPS estimates ranging from $1.91 to $2.04. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that that provide coverage for Apollo Commercial Real Est. Finance.
Apollo Commercial Real Est. Finance (NYSE:ARI) last posted its earnings results on Wednesday, October 24th. The real estate investment trust reported $0.47 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.47. The company had revenue of $77.48 million for the quarter, compared to analyst estimates of $77.97 million. Apollo Commercial Real Est. Finance had a net margin of 74.22% and a return on equity of 9.13%. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period last year, the business posted $0.51 earnings per share.
A number of equities research analysts recently commented on ARI shares. Zacks Investment Research lowered shares of Apollo Commercial Real Est. Finance from a “buy” rating to a “hold” rating in a report on Tuesday, September 25th. BTIG Research started coverage on shares of Apollo Commercial Real Est. Finance in a report on Monday, October 8th. They set a “neutral” rating on the stock. Finally, Barclays raised their price objective on shares of Apollo Commercial Real Est. Finance from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Friday, November 30th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $20.00.
In related news, Director Mark C. Biderman sold 10,000 shares of the firm’s stock in a transaction on Friday, December 7th. The shares were sold at an average price of $18.85, for a total transaction of $188,500.00. Following the sale, the director now directly owns 46,718 shares in the company, valued at $880,634.30. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.65% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Baillie Gifford & Co. acquired a new stake in Apollo Commercial Real Est. Finance in the 3rd quarter valued at $138,000. Private Advisor Group LLC acquired a new stake in Apollo Commercial Real Est. Finance in the 3rd quarter valued at $198,000. MML Investors Services LLC acquired a new stake in Apollo Commercial Real Est. Finance in the 3rd quarter valued at $201,000. Carnegie Capital Asset Management LLC acquired a new stake in Apollo Commercial Real Est. Finance in the 3rd quarter valued at $209,000. Finally, Centaurus Financial Inc. acquired a new stake in Apollo Commercial Real Est. Finance in the 2nd quarter valued at $256,000. Hedge funds and other institutional investors own 66.95% of the company’s stock.
Shares of NYSE:ARI traded up $0.09 during midday trading on Thursday, reaching $17.43. 993,278 shares of the company were exchanged, compared to its average volume of 1,276,060. Apollo Commercial Real Est. Finance has a fifty-two week low of $16.41 and a fifty-two week high of $19.57. The company has a quick ratio of 48.07, a current ratio of 48.07 and a debt-to-equity ratio of 0.15. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 11.32 and a beta of 0.54.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be issued a dividend of $0.46 per share. The ex-dividend date is Friday, December 28th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 10.56%. Apollo Commercial Real Est. Finance’s payout ratio is 119.48%.
Apollo Commercial Real Est. Finance Company Profile
Apollo Commercial Real Estate Finance, Inc operates as a real estate investment trust (REIT) that primarily originates, acquires, invests in, and manages commercial first mortgage loans, subordinate financings, and other commercial real estate-related debt investments in the United States. The company is qualified as a REIT under the Internal Revenue Code.
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