Zacks: Analysts Expect Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) to Announce $0.33 Earnings Per Share

Stock research analysts expect Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) to post earnings per share of $ 0.33 for the current quarter, reports Zacks Investment Research. Two analysts estimated the profits of Apollo Commercial Real Estate Finance. Apollo Commercial Real Estate Finance posted earnings per share of $ 0.36 for the year-ago quarter, indicating a negative 8.3% year-over-year growth rate. The company is expected to release its next quarterly 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 1.44 US dollars per share. Zacks Investment Research’s average earnings per share are based on a survey of sell-side analysts covering Apollo Commercial Real Estate Finance.

Apollo Commercial Real Estate Finance (NYSE: ARI) last released its quarterly earnings data on Sunday, October 24th. The Real Estate Investment Trust reported $ 0.35 EPS for the quarter, missing the Thomson Reuters consensus estimate of $ 0.36 by (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 research 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 of the stock in one transaction on Wednesday November 10th. The stock sold at an average price of $ 15.43 for a total value of $ 231,450.00. The transaction was announced in a filing with the Securities & Exchange Commission, which can be accessed via this link. Company insiders own 0.59% of the company’s shares.

Hedge funds and other institutional investors have recently bought and sold shares in the stock. The Swiss National Bank increased its stake in Apollo Commercial Real Estate Finance by 1.2% in the second quarter. The Swiss National Bank now owns 308,239 shares in the real estate investment trust valued at $ 4,916,000 after purchasing an additional 3,700 shares in the last quarter. Van ECK Associates Corp increased its stake in Apollo Commercial Real Estate Finance by 21.0% in the 2nd quarter. Van ECK Associates Corp now owns 930,332 shares in the real estate investment trust valued at $ 14,839,000 after purchasing an additional 161,166 shares last quarter. Price T Rowe Associates Inc. MD increased its stake in Apollo Commercial Real Estate Finance by 2.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 94,242 shares in the real estate investment trust valued at $ 1,503,000 after purchasing an additional 2,537 shares last quarter. Meeder Asset Management Inc. increased its stake in Apollo Commercial Real Estate Finance by 107.8% in the second quarter. Meeder Asset Management Inc. now owns 2,932 shares in the real estate investment trust valued at $ 47,000 after purchasing an additional 1,521 shares last quarter. Finally, Invesco Ltd. increased its stake in Apollo Commercial Real Estate Finance by 6.7% in the second quarter. Invesco Ltd. now owns 1,982,819 shares in the real estate investment trust valued at $ 31,626,000, after acquiring an additional 124,136 shares in the most recent quarter. 59.04% of the shares are owned by hedge funds and other institutional investors.

NYSE: ARI shares opened at $ 12.65 on Tuesday. Apollo Commercial Real Estate Finance has a 1-year low of $ 10.69 and a 1-year high of $ 16.94. The company has a market capitalization of $ 1.77 billion, a price / earnings ratio of 9.04, and a beta of 1.30. The company has a Leverage Ratio of 2.29, a current value of 66.82, and a fast value of 66.82. The company’s 50-day moving average price is $ 14.52 and the 200-day moving average price is $ 15.16.

The company also recently announced a quarterly dividend, which will be paid on Saturday, January 15th. Shareholders of record on Friday, December 31, will receive a dividend of $ 0.35 per share. The ex-dividend date is Thursday, December 30th. This equates to an annual dividend of $ 1.40 and a dividend yield of 11.07%. The Apollo Commercial Real Estate Finance dividend payout ratio (DPR) is 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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