Analysts Anticipate Apollo Commercial Real Est. Finance Inc (ARI) Will Post Earnings of $0.48 Per Share

Analysts expect that Apollo Commercial Real Est. Finance Inc (NYSE:ARI) will announce $0.48 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have made estimates for Apollo Commercial Real Est. Finance’s earnings, with estimates ranging from $0.47 to $0.50. Apollo Commercial Real Est. Finance posted earnings per share of $0.46 in the same quarter last year, which would suggest a positive year-over-year growth rate of 4.3%. The business is expected to report its next earnings results on Tuesday, July 25th.

According to Zacks, analysts expect that Apollo Commercial Real Est. Finance will report full year earnings of $1.88 per share for the current fiscal year. For the next year, analysts forecast that the company will post earnings of $2.04 per share, with EPS estimates ranging from $2.01 to $2.07. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that follow Apollo Commercial Real Est. Finance.

Apollo Commercial Real Est. Finance (NYSE:ARI) last posted its earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by $0.08. The company had revenue of $57.81 million during the quarter. Apollo Commercial Real Est. Finance had a net margin of 66.26% and a return on equity of 10.53%.

Several analysts recently issued reports on ARI shares. Zacks Investment Research raised shares of Apollo Commercial Real Est. Finance from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Tuesday, April 25th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $18.00 price target on shares of Apollo Commercial Real Est. Finance in a report on Thursday, March 2nd. Royal Bank of Canada reaffirmed a “buy” rating and issued a $19.00 price target on shares of Apollo Commercial Real Est. Finance in a report on Wednesday, March 1st. Finally, JMP Securities cut shares of Apollo Commercial Real Est. Finance from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 1st. They noted that the move was a valuation call. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $18.75.

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Apollo Commercial Real Est. Finance (NYSE:ARI) traded down 1.19% on Tuesday, hitting $18.27. 1,414,541 shares of the company were exchanged. The firm has a 50 day moving average of $18.78 and a 200-day moving average of $17.66. Apollo Commercial Real Est. Finance has a 52-week low of $15.43 and a 52-week high of $19.92. The stock has a market cap of $1.67 billion, a PE ratio of 9.53 and a beta of 0.63.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 17th. Shareholders of record on Friday, March 31st were issued a dividend of $0.46 per share. The ex-dividend date was Wednesday, March 29th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 10.07%. Apollo Commercial Real Est. Finance’s dividend payout ratio (DPR) is 132.38%.

In other Apollo Commercial Real Est. Finance news, CEO Stuart Rothstein sold 25,000 shares of the stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $18.72, for a total transaction of $468,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.71% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of ARI. Rothschild Asset Management Inc. boosted its stake in shares of Apollo Commercial Real Est. Finance by 11.8% in the third quarter. Rothschild Asset Management Inc. now owns 496,364 shares of the real estate investment trust’s stock worth $8,126,000 after buying an additional 52,366 shares during the period. Yorktown Management & Research Co Inc boosted its stake in shares of Apollo Commercial Real Est. Finance by 41.7% in the third quarter. Yorktown Management & Research Co Inc now owns 382,466 shares of the real estate investment trust’s stock worth $6,261,000 after buying an additional 112,466 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Apollo Commercial Real Est. Finance by 58.7% in the third quarter. Bank of New York Mellon Corp now owns 350,533 shares of the real estate investment trust’s stock worth $5,738,000 after buying an additional 129,717 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Apollo Commercial Real Est. Finance by 8.3% in the third quarter. PNC Financial Services Group Inc. now owns 7,034 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 540 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of Apollo Commercial Real Est. Finance by 28.8% in the third quarter. UBS Asset Management Americas Inc. now owns 38,701 shares of the real estate investment trust’s stock worth $634,000 after buying an additional 8,643 shares during the period. 50.64% of the stock is currently owned by institutional investors.

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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