$0.46 Earnings Per Share Expected for Apollo Commercial Real Est. Finance Inc (ARI) This Quarter

Wall Street brokerages expect that Apollo Commercial Real Est. Finance Inc (NYSE:ARI) will report earnings of $0.46 per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Apollo Commercial Real Est. Finance’s earnings, with the highest EPS estimate coming in at $0.47 and the lowest estimate coming in at $0.46. Apollo Commercial Real Est. Finance reported earnings of $0.12 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 283.3%. The company is expected to report its next quarterly earnings results on Wednesday, February 13th.

According to Zacks, analysts expect that Apollo Commercial Real Est. Finance will report full-year earnings of $1.78 per share for the current year, with EPS estimates ranging from $1.77 to $1.79. For the next financial year, analysts anticipate that the company will post earnings of $1.96 per share, with EPS estimates ranging from $1.91 to $2.04. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Apollo Commercial Real Est. Finance.

Apollo Commercial Real Est. Finance (NYSE:ARI) last released its earnings results on Wednesday, October 24th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.47. The firm had revenue of $77.48 million during the quarter, compared to analysts’ expectations of $77.97 million. Apollo Commercial Real Est. Finance had a return on equity of 9.13% and a net margin of 74.22%. The company’s revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 EPS.

ARI has been the subject of a number of recent research 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 price objective for the company in a research note on Tuesday, July 31st. BTIG Research initiated coverage on shares of Apollo Commercial Real Est. Finance in a research note on Monday, October 8th. They set a “neutral” rating for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $21.00.

In other news, Director Mark C. Biderman sold 10,000 shares of the stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $19.45, for a total transaction of $194,500.00. Following the completion of the transaction, the director now directly owns 56,718 shares in the company, valued at approximately $1,103,165.10. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Scott Prince sold 30,000 shares of the stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $19.36, for a total transaction of $580,800.00. Following the transaction, the director now owns 45,132 shares of the company’s stock, valued at $873,755.52. The disclosure for this sale can be found here. Corporate insiders own 0.65% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Zacks Investment Management lifted its stake in Apollo Commercial Real Est. Finance by 2.8% in the 2nd quarter. Zacks Investment Management now owns 133,925 shares of the real estate investment trust’s stock valued at $2,448,000 after purchasing an additional 3,617 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Apollo Commercial Real Est. Finance by 15.0% in the 1st quarter. Principal Financial Group Inc. now owns 998,746 shares of the real estate investment trust’s stock valued at $17,958,000 after purchasing an additional 130,432 shares during the last quarter. SG Americas Securities LLC lifted its stake in Apollo Commercial Real Est. Finance by 167.5% in the 2nd quarter. SG Americas Securities LLC now owns 48,434 shares of the real estate investment trust’s stock valued at $885,000 after purchasing an additional 30,330 shares during the last quarter. MetLife Investment Advisors LLC lifted its stake in Apollo Commercial Real Est. Finance by 14.7% in the 2nd quarter. MetLife Investment Advisors LLC now owns 56,688 shares of the real estate investment trust’s stock valued at $1,036,000 after purchasing an additional 7,260 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in Apollo Commercial Real Est. Finance by 313.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 79,279 shares of the real estate investment trust’s stock valued at $473,000 after purchasing an additional 60,101 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Apollo Commercial Real Est. Finance stock opened at $18.70 on Thursday. Apollo Commercial Real Est. Finance has a one year low of $17.56 and a one year high of $19.57. The company has a debt-to-equity ratio of 0.15, a current ratio of 48.07 and a quick ratio of 48.07. The stock has a market cap of $2.50 billion, a PE ratio of 12.30 and a beta of 0.43.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were paid a dividend of $0.46 per share. The ex-dividend date was Thursday, September 27th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 9.84%. Apollo Commercial Real Est. Finance’s dividend payout ratio is 119.48%.

Apollo Commercial Real Est. Finance Company Profile

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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