$0.37 Earnings Per Share Expected for Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) This Quarter

Equities analysts expect that Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) will report earnings of $0.37 per share for the current quarter, according to Zacks. Two analysts have made estimates for Apollo Commercial Real Estate Finance’s earnings, with the lowest EPS estimate coming in at $0.35 and the highest estimate coming in at $0.38. Apollo Commercial Real Estate Finance posted earnings of $0.38 per share during the same quarter last year, which would suggest a negative year over year growth rate of 2.6%. The business is scheduled to report its next earnings results on Thursday, July 29th.

On average, analysts expect that Apollo Commercial Real Estate Finance will report full year earnings of $1.50 per share for the current year, with EPS estimates ranging from $1.46 to $1.54. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.49 per share, with EPS estimates ranging from $1.44 to $1.53. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Apollo Commercial Real Estate Finance.

ARI has been the topic of several analyst reports. Zacks Investment Research upgraded Apollo Commercial Real Estate Finance from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Thursday, April 29th. Credit Suisse Group increased their price target on Apollo Commercial Real Estate Finance from $13.00 to $15.00 and gave the stock a “neutral” rating in a report on Wednesday, March 17th. Finally, Raymond James restated a “hold” rating on shares of Apollo Commercial Real Estate Finance in a report on Monday, April 26th.

Shares of ARI stock opened at $16.35 on Tuesday. The firm has a 50 day moving average of $15.18. Apollo Commercial Real Estate Finance has a one year low of $8.32 and a one year high of $16.75. The company has a market capitalization of $2.29 billion, a PE ratio of 12.87 and a beta of 1.30. The company has a debt-to-equity ratio of 0.59, a current ratio of 80.75 and a quick ratio of 80.75.

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 15th. Shareholders of record on Wednesday, March 31st were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 8.56%. The ex-dividend date was Tuesday, March 30th. Apollo Commercial Real Estate Finance’s payout ratio is 100.00%.

In other news, CEO Stuart Rothstein sold 29,283 shares of the company’s stock in a transaction that occurred on Monday, June 7th. The stock was sold at an average price of $16.51, for a total transaction of $483,462.33. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert A. Kasdin sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, May 13th. The stock was sold at an average price of $14.75, for a total value of $221,250.00. Following the transaction, the director now directly owns 67,855 shares in the company, valued at $1,000,861.25. The disclosure for this sale can be found here. Insiders have sold a total of 70,583 shares of company stock worth $1,110,244 over the last 90 days. Company insiders own 0.59% of the company’s stock.

Several large investors have recently modified their holdings of ARI. Marshall Wace North America L.P. acquired a new position in shares of Apollo Commercial Real Estate Finance during the first quarter worth approximately $25,000. Victory Capital Management Inc. raised its position in shares of Apollo Commercial Real Estate Finance by 59.9% during the fourth quarter. Victory Capital Management Inc. now owns 165,574 shares of the real estate investment trust’s stock worth $1,849,000 after purchasing an additional 62,021 shares during the period. First Trust Advisors LP raised its position in shares of Apollo Commercial Real Estate Finance by 61.0% during the fourth quarter. First Trust Advisors LP now owns 81,526 shares of the real estate investment trust’s stock worth $911,000 after purchasing an additional 30,892 shares during the period. Winslow Evans & Crocker Inc. raised its position in Apollo Commercial Real Estate Finance by 10.4% in the 4th quarter. Winslow Evans & Crocker Inc. now owns 11,325 shares of the real estate investment trust’s stock valued at $127,000 after buying an additional 1,066 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in Apollo Commercial Real Estate Finance by 447.4% in the 4th quarter. SG Americas Securities LLC now owns 134,630 shares of the real estate investment trust’s stock valued at $1,504,000 after buying an additional 110,035 shares during the last quarter. 60.40% of the stock is currently owned by institutional investors.

Apollo Commercial Real Estate Finance Company Profile

Apollo Commercial Real Estate Finance, Inc operates as a real estate investment trust (REIT) that originates, acquires, invests in, and manages commercial first mortgage loans, subordinate financings, and other commercial real estate-related debt investments in the United States. It is qualified as a REIT under the Internal Revenue Code.

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