Brokerages Expect Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Will Announce Quarterly Sales of $72.17 Million
Analysts expect Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) to report revenues of $ 72.17 million for the current fiscal year, reports Zacks Investment Research. 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 posted revenue of $ 70.76 million for the same quarter last year, indicating a positive 2% year-over-year growth rate. The company will release its next earnings numbers after the market closes on Monday, July 26th.
On average, analysts expect Apollo Commercial Real Estate Finance to post total annual revenues of $ 287.09 million for the current fiscal year, with estimates ranging from $ 277.50 million to $ 296.67 million. For the next year, analysts expect revenues of 292.13 million US dollars, with estimates ranging between 274.10 million US dollars and 310.16 million US dollars. Zacks’ sales averages are an average based on a survey of sell-side research firms covering Apollo Commercial Real Estate Finance.
A number of brokers recently looked at ARI. Zacks Investment Research downgraded Apollo Commercial Real Estate Finance from a “Buy” rating to a “Hold” rating in a report on Monday June 28th. Raymond James confirmed a “hold” rating on shares of Apollo Commercial Real Estate Finance in a research release on Monday April 26th.
ARI stock opened at $ 15.46 on Wednesday. Apollo Commercial Real Estate Finance has a 52-week low of $ 8.32 and a 52-week high of $ 16.94. The company has a quick ratio of 80.75, a current ratio of 80.75, and debt of 0.59. The company has a market cap of $ 2.16 billion, a P / E of 12.17, and a beta of 1.31. The company has a 50-day moving average of $ 15.78.
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The company also recently announced a quarterly dividend, which was paid on Thursday, July 15th. Shareholders of record on Wednesday June 30th received a dividend of $ 0.35 per share. The ex-dividend date was Tuesday, June 29th. This equates to an annual dividend of $ 1.40 and a dividend yield of 9.06%. Apollo Commercial Real Estate Finance’s payout ratio is 100.00%.
In other news from Apollo Commercial Real Estate Finance, CEO Stuart Rothstein sold 29,283 shares of the stock in a transaction that occurred on Monday, June 7th. The stock sold at an average price of $ 16.51 for a total value of $ 483,462.33. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In addition, CFO Jai Agarwal sold 15,000 shares of the stock in a transaction that took place on Tuesday, April 27th. The stock was sold at an average price of $ 15.21 for a total value of $ 228,150.00. Insiders have sold a total of 85,583 shares in the company for $ 1,338,394 in the past three months. 0.59% of the shares are owned by insiders.
Several institutional investors recently bought and sold shares in ARI. Eaton Vance Management acquired a new stake in Apollo Commercial Real Estate Finance for approximately $ 25,000 in the first quarter. Marshall Wace North America LP bought a new position in Apollo Commercial Real Estate Finance for approximately $ 25,000 in the first quarter. Certified Advisory Corp took on a new position with Apollo Commercial Real Estate Finance in the 1st quarter valued at approximately $ 33,000. Carroll Financial Associates Inc. increased its stake in Apollo Commercial Real Estate Finance by 2,586.7% in the first quarter. Carroll Financial Associates Inc. now owns 4,030 shares of the real estate investment trust valued at $ 56,000 after purchasing an additional 3,880 shares last quarter. Finally, Ohio-based Public Employees Retirement System increased its stake in Apollo Commercial Real Estate Finance by 16.6% in the first quarter. Public Employees Retirement System of Ohio now owns 6,410 shares of the real estate investment trust valued at $ 90,000 after purchasing an additional 911 shares last quarter. 60.37% of the shares are owned by hedge funds and other institutional investors.
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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