$72.17 Million in Sales Expected for Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) This Quarter

Stock analysts predict Zacks that Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) will report revenue of $ 72.17 million for the current quarter. Two analysts have given estimates of Apollo Commercial Real Estate Finance’s earnings. The highest revenue estimate is $ 75.04 million and the lowest is $ 69.30 million. Apollo Commercial Real Estate Finance reported revenue of $ 70.76 million in the same quarter last year, suggesting a positive year-over-year growth rate of 2%. The company is expected to release its next earnings numbers on Thursday, July 29th.

According to Zacks, analysts expect Apollo Commercial Real Estate Finance to post total annual revenues of $ 287.09 million for the current year, with estimates ranging from $ 277.50 million to $ 296.67 million. For the next fiscal year, analysts expect sales of 292.13 million US dollars, with estimates ranging between 274.10 million US dollars and 310.16 million US dollars. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms covering Apollo Commercial Real Estate Finance.

Several brokerage firms have recently commented on ARI. Raymond James re-issued a “hold” rating on shares of Apollo Commercial Real Estate Finance in a report on Monday April 26th. Credit Suisse Group raised its target price on Apollo Commercial Real Estate Finance shares from 13.00 to 15.00 US dollars and the company in a research report on Wednesday 17. Finally, Zacks Investment Research downgraded Apollo Commercial Real Estate Finance from a “hold” rating to a “buy” rating and in a report on Thursday, April 29, set a target price of $ 17.00 for the company.

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In other news, director Robert A. Kasdin sold 15,000 shares in the company in a transaction dated Thursday, May 13th. The shares were sold at an average price of $ 14.75 for a total transaction of $ 221,250.00. Upon completion of the sale, the director now directly owns 67,855 shares in the company valued at $ 1,000,861.25. The transaction was announced in a legal filing with the SEC, which is available at this hyperlink. In addition, CEO Stuart Rothstein sold 29,283 shares in the company in a transaction dated Monday, June 7th. The stock sold at an average price of $ 16.51 for a total transaction of $ 483,462.33. The disclosure for this sale can be found here. Over the past ninety days, insiders have sold 70,583 shares in the company, valued at $ 1,110,244. Insiders own 0.59% of the company’s stock.

A number of institutional investors and hedge funds have recently added or reduced their stakes in the business. Advisory Services Network LLC increased its stake in Apollo Commercial Real Estate Finance by 14.9% in the first quarter. Advisory Services Network LLC now owns 15,298 shares in the real estate investment trust valued at $ 214,000 after purchasing an additional 1,989 shares in the most recent quarter. Advisor Partners LLC increased its stake in Apollo Commercial Real Estate Finance by 7.6% in the first quarter. Advisor Partners LLC now owns 22,734 shares of the real estate investment trust valued at $ 318,000 after purchasing an additional 1,612 shares last quarter. Principal Financial Group Inc. increased its stake in Apollo Commercial Real Estate Finance by 1.2% in the first quarter. Principal Financial Group Inc. now owns 898,697 shares in the real estate investment trust, valued at $ 12,555,000, after acquiring an additional 10,779 shares in the most recent quarter. Eaton Vance Management bought a new position in Apollo Commercial Real Estate Finance shares worth $ 25,000 in the first quarter. Finally, Tudor Investment Corp Et Al increased its stake in Apollo Commercial Real Estate Finance by 28.1% in the 1st quarter. Tudor Investment Corp et al now owns 133,235 shares of the real estate investment trust valued at $ 1,861,000 after purchasing an additional 29,220 shares last quarter. Hedge funds and other institutional investors own 60.40% of the company’s stock.

ARI’s shares opened at $ 16.53 on Thursday. Apollo Commercial Real Estate Finance has a 12-month low of $ 8.32 and a 12-month high of $ 16.75. The company has a market capitalization of $ 2.31 billion, a price / earnings ratio of 13.02, and a beta of 1.30. The company’s 50-day moving average price is $ 15.14. The company has a quick ratio of 80.75, a current ratio of 80.75, and debt of 0.59.

The company also recently announced a quarterly dividend, which was paid on Thursday, April 15th. Investors registered on Wednesday March 31st received a dividend of $ 0.35. The ex-dividend date was Tuesday, March 30th. This equates to a dividend of $ 1.40 on an annual basis and a yield of 8.47%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is 100.00%.

Apollo Commercial Real Estate Finance company profile

Apollo Commercial Real Estate Finance, Inc. operates as a real estate investment trust (REIT) that raises, purchases, invests and manages commercial prime mortgage loans, subordinated finance and other commercial real estate-related debt in the United States. It is qualified as a REIT under the Internal Revenue Code.

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