Brokerages Anticipate Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Will Announce Earnings of $0.35 Per Share

Brokers expect Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) to announce earnings of $ 0.35 per share for the current fiscal quarter, Zacks reports. Two analysts estimated the profits of Apollo Commercial Real Estate Finance. Apollo Commercial Real Estate Finance posted earnings per share of $ 0.40 for the same quarter last year, which would represent a negative year-over-year growth rate of 12.5%. The company is expected to release its next earnings report after the market closes on Thursday April 22nd.

On average, analysts expect Apollo Commercial Real Estate Finance to post annual earnings of $ 1.44 per share for the current fiscal year, with EPS estimates ranging between $ 1.43 and $ 1.45. For the next fiscal year, analysts expect earnings of $ 1.52 per share, with EPS estimates ranging between $ 1.48 and $ 1.55. Zacks’ EPS averages are based on a survey of research firms covering Apollo Commercial Real Estate Finance.

Apollo Commercial Real Estate Finance (NYSE: ARI) last released its quarterly results on Tuesday, February 9th. The Real Estate Investment Trust reported earnings of $ 0.36 per share for the quarter, beating the consensus estimate of $ 0.32 by $ 0.04. Apollo Commercial Real Estate Finance achieved a return on equity of 9.64% and a net margin of 18.14%.

Several equity analysts recently commented on the company. Credit Suisse Group raised its target price for Apollo Commercial Real Estate Finance from USD 13.00 to USD 15.00 and rated the share as “neutral” in a research report on Tuesday, March 23rd. Zacks Investment Research upgraded Apollo Commercial Real Estate Finance’s shares from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 29th. Finally, BTIG Research took over coverage of Apollo Commercial Real Estate Finance in a report on Tuesday, February 2nd. You have set a “neutral” rating for the company.

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NYSE: ARI was trading at $ 0.14 during mid-day trading on Friday to hit $ 15.12. The company had a trading volume of 14,401 shares compared to an average volume of 952,611 shares. Apollo Commercial Real Estate Finance has a 1-year low of $ 6.29 and a 1-year high of $ 15.11. The company has a 50-day simple moving average of $ 14.19 and a 200-day simple moving average of $ 11.66. The company has a current rate of 65.75, a fast rate of 65.75, and a leverage ratio of 0.45. The company has a market cap of $ 2.11 billion, value for money of 65.74, and a beta of 1.28.

The company recently announced a quarterly dividend, which was paid on Thursday, April 15th. On Wednesday March 31st, a dividend of $ 0.35 was paid to shareholders of record. The ex-dividend day was Tuesday, March 30th. This equates to an annual dividend of $ 1.40 and a dividend yield of 9.26%. Apollo Commercial Real Estate Finance’s payout ratio is 79.10%.

Several major investors recently changed their holdings in the company. Norges Bank acquired a new stake in Apollo Commercial Real Estate Finance for approximately $ 23,061,000 in the fourth quarter. Credit Suisse AG increased its stake in Apollo Commercial Real Estate Finance by 24.4% in the fourth quarter. Credit Suisse AG now holds 1,076,613 shares in the Real Estate Investment Trust valued at $ 12,025,000 after purchasing an additional 211,397 shares during the period. Van ECK Associates Corp increased its stake in Apollo Commercial Real Estate Finance by 19.5% in the fourth quarter. Van ECK Associates Corp now owns 834,635 shares in the real estate investment trust valued at $ 9,323,000 after purchasing an additional 136,333 shares last quarter. Renaissance Technologies LLC increased its stake in Apollo Commercial Real Estate Finance by 44.8% in the fourth quarter. Renaissance Technologies LLC now owns 555,840 shares of the real estate investment trust valued at $ 6,209,000 after purchasing an additional 172,000 shares last quarter. Finally, Rhumbline Advisers increased their stake in Apollo Commercial Real Estate Finance by 2.2% in the fourth quarter. Rhumbline Advisers now owns 481,426 shares in the real estate investment trust, valued at $ 5,378,000, after purchasing an additional 10,405 shares last quarter. 63.71% of the shares belong to institutional investors.

About Apollo Commercial Real Estate Finance

Apollo Commercial Real Estate Finance, Inc. is 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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