Equities analysts expect Apollo Commercial Real Est. Finance Inc (NYSE:ARI) to post $0.47 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Apollo Commercial Real Est. Finance’s earnings, with estimates ranging from $0.46 to $0.47. Apollo Commercial Real Est. Finance posted earnings per share of $0.43 during the same quarter last year, which suggests a positive year-over-year growth rate of 9.3%. The company is expected to announce its next quarterly earnings report on Wednesday, May 1st.

On average, analysts expect that Apollo Commercial Real Est. Finance will report full year earnings of $1.91 per share for the current financial year, with EPS estimates ranging from $1.87 to $1.93. For the next year, analysts forecast that the company will report earnings of $1.99 per share, with EPS estimates ranging from $1.92 to $2.10. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Apollo Commercial Real Est. Finance.

Apollo Commercial Real Est. Finance (NYSE:ARI) last issued its quarterly earnings data on Wednesday, February 13th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.46. Apollo Commercial Real Est. Finance had a return on equity of 9.78% and a net margin of 76.04%. The company had revenue of $77.81 million during the quarter, compared to analysts’ expectations of $80.88 million. During the same period last year, the business earned $0.12 earnings per share. The business’s revenue was up 12.5% on a year-over-year basis.

A number of research firms recently issued reports on ARI. Zacks Investment Research raised Apollo Commercial Real Est. Finance from a “sell” rating to a “hold” rating in a report on Tuesday, March 5th. Barclays lifted their price target on Apollo Commercial Real Est. Finance from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Friday, November 30th. Deutsche Bank cut Apollo Commercial Real Est. Finance from a “buy” rating to a “hold” rating in a report on Thursday, February 14th. Finally, JPMorgan Chase & Co. raised Apollo Commercial Real Est. Finance from a “neutral” rating to an “overweight” rating and cut their price target for the company from $18.50 to $18.00 in a report on Wednesday, January 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. Apollo Commercial Real Est. Finance has an average rating of “Hold” and a consensus price target of $19.33.

Shares of Apollo Commercial Real Est. Finance stock traded up $0.03 during trading on Wednesday, reaching $18.39. The company’s stock had a trading volume of 24,479 shares, compared to its average volume of 891,405. The company has a quick ratio of 38.08, a current ratio of 38.08 and a debt-to-equity ratio of 0.24. Apollo Commercial Real Est. Finance has a one year low of $16.41 and a one year high of $19.57. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of 11.00 and a beta of 0.64.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 10.01%. Apollo Commercial Real Est. Finance’s dividend payout ratio is 110.18%.

In related news, CEO Stuart Rothstein sold 40,000 shares of Apollo Commercial Real Est. Finance stock in a transaction dated Tuesday, January 15th. The stock was sold at an average price of $17.48, for a total value of $699,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.65% of the company’s stock.

Large investors have recently made changes to their positions in the business. Quantamental Technologies LLC bought a new stake in Apollo Commercial Real Est. Finance during the 4th quarter worth about $30,000. Resources Investment Advisors Inc. raised its holdings in Apollo Commercial Real Est. Finance by 66.0% during the 4th quarter. Resources Investment Advisors Inc. now owns 2,000 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 795 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in Apollo Commercial Real Est. Finance during the 4th quarter worth about $35,000. Enlightenment Research LLC bought a new stake in Apollo Commercial Real Est. Finance during the 4th quarter worth about $42,000. Finally, Oregon Public Employees Retirement Fund bought a new stake in Apollo Commercial Real Est. Finance during the 4th quarter worth about $43,000. 69.02% of the stock is owned by hedge funds and other institutional investors.

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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