Apollo Commercial Real Est. Finance (NYSE:ARI) announced its quarterly earnings results on Wednesday. The real estate investment trust reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02, Bloomberg Earnings reports. Apollo Commercial Real Est. Finance had a net margin of 86.07% and a return on equity of 10.32%. The firm had revenue of $69.19 million during the quarter, compared to analyst estimates of $67.80 million. During the same period in the previous year, the business posted $0.49 earnings per share. The business’s revenue for the quarter was up 29.1% on a year-over-year basis.
Shares of Apollo Commercial Real Est. Finance (NYSE:ARI) traded up $0.09 during mid-day trading on Wednesday, hitting $18.01. 1,172,371 shares of the stock were exchanged, compared to its average volume of 1,480,000. Apollo Commercial Real Est. Finance has a 52-week low of $17.44 and a 52-week high of $19.92. The company has a market capitalization of $1,930.00, a price-to-earnings ratio of 10.06 and a beta of 0.54. The company has a debt-to-equity ratio of 0.83, a current ratio of 291.34 and a quick ratio of 291.34.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were paid a $0.46 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 10.22%. Apollo Commercial Real Est. Finance’s dividend payout ratio is presently 102.79%.
In other news, CEO Stuart Rothstein sold 40,000 shares of Apollo Commercial Real Est. Finance stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $18.39, for a total value of $735,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.62% of the company’s stock.
Separately, Zacks Investment Research lowered shares of Apollo Commercial Real Est. Finance from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Apollo Commercial Real Est. Finance currently has an average rating of “Hold” and an average target price of $19.33.
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Apollo Commercial Real Est. Finance Company Profile
Apollo Commercial Real Estate Finance, Inc is a real estate investment trust. The Company primarily originates, acquires, invests in and manages performing commercial first mortgage loans, subordinate financings, commercial mortgage-backed securities (CMBS) and other commercial real estate-related debt investments.
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