Analysts Expect Apollo Commercial Real Est. Finance Inc (ARI) Will Post Quarterly Sales of $77.22 Million

Wall Street brokerages predict that Apollo Commercial Real Est. Finance Inc (NYSE:ARI) will report $77.22 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Apollo Commercial Real Est. Finance’s earnings, with the highest sales estimate coming in at $79.04 million and the lowest estimate coming in at $75.40 million. Apollo Commercial Real Est. Finance reported sales of $71.24 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.4%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Wednesday, October 24th.

On average, analysts expect that Apollo Commercial Real Est. Finance will report full year sales of $291.88 million for the current financial year, with estimates ranging from $286.80 million to $296.96 million. For the next year, analysts anticipate that the business will post sales of $342.27 million, with estimates ranging from $321.10 million to $363.43 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Apollo Commercial Real Est. Finance.

Apollo Commercial Real Est. Finance (NYSE:ARI) last announced its earnings results on Wednesday, July 25th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.03. Apollo Commercial Real Est. Finance had a net margin of 78.14% and a return on equity of 9.77%. The firm had revenue of $70.77 million for the quarter, compared to analyst estimates of $72.58 million. During the same quarter in the prior year, the business posted $0.46 EPS. The business’s revenue was up 13.7% compared to the same quarter last year.

ARI has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of 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 Tuesday, July 31st. BTIG Research assumed coverage on shares of Apollo Commercial Real Est. Finance in a research report on Monday, October 8th. They set a “neutral” rating on the stock. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $21.00.

In related news, Director Scott Prince sold 30,000 shares of the stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $19.36, for a total transaction of $580,800.00. Following the sale, the director now owns 45,132 shares in the company, valued at approximately $873,755.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark C. Biderman sold 10,000 shares of the stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $19.45, for a total transaction of $194,500.00. Following the sale, the director now owns 56,718 shares in the company, valued at approximately $1,103,165.10. The disclosure for this sale can be found here. Company insiders own 0.65% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. State Treasurer State of Michigan boosted its position in Apollo Commercial Real Est. Finance by 14.2% in the second quarter. State Treasurer State of Michigan now owns 5,919,968 shares of the real estate investment trust’s stock valued at $108,217,000 after buying an additional 735,000 shares in the last quarter. LSV Asset Management boosted its position in Apollo Commercial Real Est. Finance by 3.5% in the second quarter. LSV Asset Management now owns 1,896,615 shares of the real estate investment trust’s stock valued at $34,670,000 after buying an additional 64,771 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Apollo Commercial Real Est. Finance by 3.9% in the second quarter. Bank of New York Mellon Corp now owns 1,528,232 shares of the real estate investment trust’s stock valued at $27,936,000 after buying an additional 57,512 shares in the last quarter. Northern Trust Corp boosted its position in Apollo Commercial Real Est. Finance by 11.3% in the second quarter. Northern Trust Corp now owns 1,435,612 shares of the real estate investment trust’s stock valued at $26,243,000 after buying an additional 145,726 shares in the last quarter. Finally, Global X Management Co LLC boosted its position in Apollo Commercial Real Est. Finance by 3.9% in the second quarter. Global X Management Co LLC now owns 1,112,303 shares of the real estate investment trust’s stock valued at $20,333,000 after buying an additional 42,219 shares in the last quarter. Hedge funds and other institutional investors own 71.28% of the company’s stock.

Shares of NYSE:ARI traded up $0.03 on Wednesday, reaching $18.40. 1,143,329 shares of the company’s stock were exchanged, compared to its average volume of 1,371,364. Apollo Commercial Real Est. Finance has a twelve month low of $17.56 and a twelve month high of $19.57. The firm has a market cap of $2.32 billion, a PE ratio of 11.95 and a beta of 0.48. The company has a quick ratio of 46.70, a current ratio of 46.70 and a debt-to-equity ratio of 0.25.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 28th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $1.84 annualized dividend and a dividend yield of 10.00%. Apollo Commercial Real Est. Finance’s dividend payout ratio is 119.48%.

About Apollo Commercial Real Est. Finance

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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