Equities research analysts expect Apollo Commercial Real Estat (NYSE:ARI) to announce earnings of $0.43 per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Apollo Commercial Real Estat’s earnings. Apollo Commercial Real Estat reported earnings per share of $0.41 during the same quarter last year, which indicates a positive year-over-year growth rate of 4.9%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, May 1st.
According to Zacks, analysts expect that Apollo Commercial Real Estat will report full year earnings of $1.86 per share for the current year, with EPS estimates ranging from $1.77 to $1.94. For the next financial year, analysts anticipate that the business will report earnings of $2.03 per share, with EPS estimates ranging from $2.00 to $2.06. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that cover Apollo Commercial Real Estat.
Apollo Commercial Real Estat (NYSE:ARI) last released its quarterly earnings results on Wednesday, February 14th. The real estate investment trust reported $0.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.02. The firm had revenue of $69.19 million during the quarter, compared to analyst estimates of $67.80 million. Apollo Commercial Real Estat had a return on equity of 10.22% and a net margin of 74.11%. The business’s revenue for the quarter was up 29.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.49 EPS.
Several research analysts have recently commented on ARI shares. ValuEngine lowered Apollo Commercial Real Estat from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 7th. Zacks Investment Research lowered Apollo Commercial Real Estat from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Raymond James Financial started coverage on Apollo Commercial Real Estat in a research report on Tuesday, March 27th. They issued a “market perform” rating for the company. Finally, UBS started coverage on Apollo Commercial Real Estat in a research report on Tuesday, March 27th. They issued a “market perform” rating for the company. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Apollo Commercial Real Estat currently has a consensus rating of “Hold” and a consensus target price of $19.33.
In related news, Director Michael Salvati sold 5,659 shares of the company’s stock in a transaction dated Monday, March 26th. The stock was sold at an average price of $18.25, for a total transaction of $103,276.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Stuart Rothstein sold 40,000 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $18.39, for a total value 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 over the last ninety days. 0.62% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in ARI. Crossmark Global Holdings Inc. acquired a new position in Apollo Commercial Real Estat during the 3rd quarter valued at about $214,000. BNP Paribas Arbitrage SA boosted its stake in shares of Apollo Commercial Real Estat by 64.5% in the third quarter. BNP Paribas Arbitrage SA now owns 50,056 shares of the real estate investment trust’s stock worth $907,000 after buying an additional 19,632 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Apollo Commercial Real Estat by 19.1% in the third quarter. Rhumbline Advisers now owns 219,971 shares of the real estate investment trust’s stock worth $3,984,000 after buying an additional 35,275 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Apollo Commercial Real Estat by 0.8% in the third quarter. Bank of New York Mellon Corp now owns 1,266,644 shares of the real estate investment trust’s stock worth $22,938,000 after buying an additional 10,672 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in shares of Apollo Commercial Real Estat by 58.4% in the third quarter. Advisors Asset Management Inc. now owns 13,391 shares of the real estate investment trust’s stock worth $243,000 after buying an additional 4,936 shares during the last quarter. 70.80% of the stock is currently owned by institutional investors.
Shares of ARI traded down $0.07 during trading hours on Monday, hitting $17.86. The company had a trading volume of 1,039,572 shares, compared to its average volume of 1,999,114. The firm has a market cap of $1,926.89, a price-to-earnings ratio of 11.60 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 one year low of $17.56 and a one year high of $19.92.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 10.30%. The ex-dividend date is Wednesday, March 28th. Apollo Commercial Real Estat’s dividend payout ratio is currently 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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