Apollo Commercial Real Est. Finance (NYSE:ARI) issued its quarterly earnings results on Wednesday, February 14th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.02, Bloomberg Earnings reports. Apollo Commercial Real Est. Finance had a return on equity of 10.22% and a net margin of 74.11%. The firm had revenue of $69.19 million for the quarter, compared to analysts’ expectations of $67.80 million. During the same quarter in the previous year, the firm posted $0.49 EPS. The firm’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 $0.02 during trading hours on Wednesday, hitting $18.47. The stock had a trading volume of 1,589,799 shares, compared to its average volume of 1,544,866. The stock has a market cap of $1,980.00, a price-to-earnings ratio of 12.23 and a beta of 0.54. The company has a debt-to-equity ratio of 0.28, a current ratio of 38.53 and a quick ratio of 38.53. Apollo Commercial Real Est. Finance has a fifty-two week low of $17.56 and a fifty-two week high of $19.92.
Separately, Zacks Investment Research upgraded Apollo Commercial Real Est. Finance from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Wednesday, October 25th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $19.33.
In other news, CEO Stuart Rothstein sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $18.39, for a total transaction of $735,600.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.62% of the stock is owned by insiders.
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About Apollo Commercial Real Est. Finance
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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