Zacks: Analysts Expect Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) to Announce $0.33 EPS
Wall Street brokers anticipate Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) to announce earnings of $ 0.33 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have given estimates of Apollo Commercial Real Estate Finance’s earnings. Apollo Commercial Real Estate Finance reported earnings of $ 0.36 per share for the same quarter last year, indicating a negative growth rate of 8.3% year over year. The company is expected to announce its next quarterly earnings report on Wednesday, February 9th.
According to Zacks, analysts expect Apollo Commercial Real Estate Finance to post full year earnings of $ 1.49 per share for the current fiscal year. For the next year, analysts expect earnings of USD 1.44 per share. Zacks’ earnings per share calculations are based on a survey of sell-side research firms covering Apollo Commercial Real Estate Finance.
Apollo Commercial Real Estate Finance (NYSE: ARI) last released its earnings results on Sunday, October 24th. The Real Estate Investment Trust reported earnings of $ 0.35 per share for the quarter, missing the consensus estimate of $ 0.36 (0.01). Apollo Commercial Real Estate Finance had a return on equity of 9.26% and a net margin of 80.15%. For the same period last year, the company had earnings per share of $ 0.32.
Separately, in a report on Friday October 29th, Zacks Investment Research downgraded Apollo Commercial Real Estate Finance from a “hold” rating to a “strong sell” rating.
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In related news, director Robert A. Kasdin sold 15,000 shares in the company in one transaction on Wednesday, November 10th. The stock sold at an average price of $ 15.43 for a total transaction of $ 231,450.00. The sale was announced in a filing with the Securities & Exchange Commission, available via this hyperlink. Company insiders hold 0.59% of the shares.
Several major investors recently increased or reduced their stake in ARI. Great West Life Assurance Co. Can increased its stake in Apollo Commercial Real Estate Finance by 0.8% in the second quarter. Great West Life Assurance Co. Can now owns 112,263 shares of the property fund valued at $ 1,791,000 after purchasing an additional 903 shares last quarter. WINTON GROUP Ltd increased its stake in Apollo Commercial Real Estate Finance by 2.4% in the second quarter. WINTON GROUP Ltd now owns 38,550 shares of the real estate investment trust valued at $ 615,000 after purchasing an additional 920 shares last quarter. Profund Advisors LLC increased its stake in Apollo Commercial Real Estate Finance by 5.5% in the second quarter. Profund Advisors LLC now owns 17,888 shares of the real estate investment trust valued at $ 285,000 after purchasing an additional 927 shares last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Apollo Commercial Real Estate Finance by 1.0% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 99,705 shares in the real estate investment trust valued at $ 1,479,000 after purchasing an additional 944 shares last quarter. Finally, Voya Investment Management LLC increased its stake in Apollo Commercial Real Estate Finance by 1.7% in the third quarter. Voya Investment Management LLC now owns 59,523 shares of the property fund, valued at $ 883,000, after purchasing an additional 969 shares last quarter. 59.04% of the shares are owned by institutional investors.
ARI’s shares opened at $ 13.53 on Wednesday. The company has a current metric of 66.82, a fast metric of 66.82, and debt of 2.29. The company has a market cap of $ 1.89 billion, a P / E of 9.66, and a beta of 1.28. The fifty day simple moving average of the stock is $ 15.01 and the 200 day simple moving average is $ 15.36. Apollo Commercial Real Estate Finance has a twelve-month low of $ 10.69 and a twelve-month high of $ 16.94.
The company also recently announced a quarterly dividend, which was paid on Friday, October 15th. Investors registered on Thursday, September 30th, received a dividend of $ 0.35 per share. This equates to an annualized dividend of $ 1.40 and a dividend yield of 10.35%. The ex-dividend date was Wednesday, September 29th. The payout ratio of Apollo Commercial Real Estate Finance is currently 100.00%.
Apollo Commercial Real Estate Finance Company Profile
Apollo Commercial Real Estate Finance, Inc. is a real estate investment trust that creates, acquires, invests, and manages commercial real estate mortgage loans, subordinated finance, and other commercial real estate debt investments. It offers loan programs that include senior loans, subordinated loans, bridging loans, and preferred capital.
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