Brokerages Expect Apollo Commercial Real Estat (ARI) Will Post Quarterly Sales of $63.65 Million

Equities analysts expect Apollo Commercial Real Estat (NYSE:ARI) to post $63.65 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Apollo Commercial Real Estat’s earnings. The highest sales estimate is $64.30 million and the lowest is $62.99 million. Apollo Commercial Real Estat reported sales of $57.81 million during the same quarter last year, which would suggest a positive year over year growth rate of 10.1%. The business is expected to report its next quarterly earnings results on Tuesday, May 1st.

According to Zacks, analysts expect that Apollo Commercial Real Estat will report full year sales of $63.65 million for the current fiscal year, with estimates ranging from $279.88 million to $282.30 million. For the next fiscal year, analysts anticipate that the company will post sales of $319.29 million per share, with estimates ranging from $319.08 million to $319.50 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for Apollo Commercial Real Estat.

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Apollo Commercial Real Estat (NYSE:ARI) last announced its quarterly earnings results on Wednesday, February 14th. The real estate investment trust reported $0.12 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.02. The company had revenue of $69.19 million for the quarter, compared to analysts’ expectations of $67.80 million. Apollo Commercial Real Estat had a net margin of 74.11% and a return on equity of 10.22%. Apollo Commercial Real Estat’s revenue was up 29.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.49 EPS.

ARI has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Apollo Commercial Real Estat from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. ValuEngine cut shares of Apollo Commercial Real Estat from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 7th. Raymond James Financial assumed coverage on shares of Apollo Commercial Real Estat in a report on Tuesday, March 27th. They set a “market perform” rating on the stock. Finally, UBS assumed coverage on shares of Apollo Commercial Real Estat in a report on Tuesday, March 27th. They set a “market perform” rating on the stock. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $19.33.

In other news, Director Michael Salvati sold 5,659 shares of the stock in a transaction on Monday, March 26th. The shares were sold at an average price of $18.25, for a total value of $103,276.75. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Stuart Rothstein sold 40,000 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $18.39, for a total transaction of $735,600.00. The disclosure for this sale can be found here. Insiders have sold a total of 55,659 shares of company stock worth $1,024,377 in the last ninety days. 0.62% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the company. Sheaff Brock Investment Advisors LLC bought a new position in shares of Apollo Commercial Real Estat during the 4th quarter valued at $187,000. Beacon Investment Advisory Services Inc. bought a new position in shares of Apollo Commercial Real Estat during the 3rd quarter valued at $228,000. Vident Investment Advisory LLC bought a new position in shares of Apollo Commercial Real Estat during the 4th quarter valued at $230,000. Advisors Asset Management Inc. grew its holdings in shares of Apollo Commercial Real Estat by 58.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 13,391 shares of the real estate investment trust’s stock valued at $243,000 after purchasing an additional 4,936 shares during the last quarter. Finally, Paloma Partners Management Co grew its holdings in shares of Apollo Commercial Real Estat by 35.2% during the 4th quarter. Paloma Partners Management Co now owns 16,236 shares of the real estate investment trust’s stock valued at $299,000 after purchasing an additional 4,224 shares during the last quarter. 70.80% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ARI stock traded down $0.07 during trading on Wednesday, reaching $17.93. 1,318,778 shares of the company’s stock traded hands, compared to its average volume of 3,025,035. The stock has a market capitalization of $1,934.41, a P/E ratio of 11.64 and a beta of 0.49. The company has a current ratio of 38.53, a quick ratio of 38.53 and a debt-to-equity ratio of 0.28. Apollo Commercial Real Estat has a 1 year low of $17.56 and a 1 year high of $19.92.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 10.26%. The ex-dividend date of this dividend is Wednesday, March 28th. Apollo Commercial Real Estat’s dividend payout ratio (DPR) is presently 119.48%.

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About Apollo Commercial Real Estat

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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