Zacks: Analysts Expect Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) to Report EPS of $ 0.33

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Wall Street brokerages expect Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) to report earnings of $ 0.33 per share for the current fiscal quarter, reports Zacks Investment Research. Two analysts provided earnings estimates for Apollo Commercial Real Estate Finance. Apollo Commercial Real Estate Finance reported earnings of $ 0.36 per share in the same quarter last year, which would indicate a negative growth rate of 8.3% year-over-year. The company is expected to announce its next quarterly earnings report on Wednesday, February 9.

According to Zacks, analysts expect Apollo Commercial Real Estate Finance to report an annual profit of $ 1.49 per share for the current fiscal year. For next year, analysts predict the company will post earnings of $ 1.44 per share. Zacks’ earnings per share calculations are an average based on a survey of seller-side research companies that provide coverage for Apollo Commercial Real Estate Finance.

Apollo Commercial Real Estate Finance (NYSE: ARI) last reported its results on Sunday, October 24. The REIT reported earnings per share of $ 0.35 for the quarter, missing the consensus estimate of $ 0.36 of ($ 0.01). Apollo Commercial Real Estate Finance recorded a return on equity of 9.26% and a net margin of 80.15%. During the same period of the previous year, the company made a profit of $ 0.32 per share.

Meanwhile, Zacks Investment Research downgraded Apollo Commercial Real Estate Finance’s rating from a “hold” rating to a “strong sell” rating in a report released on Friday, October 29.

In addition, director Robert A. Kasdin sold 15,000 shares of the company in a transaction on Wednesday, November 10. The stock was sold at an average price of $ 15.43, for a total trade of $ 231,450.00. The sale was disclosed in a file with the Securities & Exchange Commission, which is available through this link. 0.59% of the shares are held by insiders.

Several large investors have recently increased or reduced their holdings in ARI. Great West Life Assurance Co. Can increased its stake in Apollo Commercial Real Estate Finance by 0.8% during the second quarter. Great West Life Assurance Co. Can now owns 112,263 real estate investment trust shares valued at $ 1,791,000 after purchasing an additional 903 shares in the last quarter. WINTON GROUP Ltd increased its stake in Apollo Commercial Real Estate Finance by 2.4% during the second quarter. WINTON GROUP Ltd. now owns 38,550 real estate investment trust shares valued at $ 615,000 after purchasing an additional 920 shares in the last quarter. Profund Advisors LLC increased its stake in Apollo Commercial Real Estate Finance by 5.5% during the second quarter. Profund Advisors LLC now owns 17,888 real estate investment trust shares valued at $ 285,000 after purchasing 927 additional shares last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Apollo Commercial Real Estate Finance by 1.0% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 99,705 real estate investment trust shares valued at $ 1,479,000 after purchasing an additional 944 shares during the last quarter. Finally, Voya Investment Management LLC increased its stake in Apollo Commercial Real Estate Finance by 1.7% during the third quarter. Voya Investment Management LLC now owns 59,523 real estate investment trust shares valued at $ 883,000 after purchasing an additional 969 shares in the last quarter. 59.04% of the shares are held by institutional investors.

ARI shares opened at $ 13.53 on Wednesday. The company has a current ratio of 66.82, a quick ratio of 66.82, and a debt ratio of 2.29. The company has a market cap of $ 1.89 billion, a P / E ratio of 9.66 and a beta of 1.28. The stock’s fifty-day simple moving average is $ 15.01 and its 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 declared a quarterly dividend, which was paid on Friday, October 15. Investors of record on Thursday, September 30, received a dividend of $ 0.35 per share. This represents an annualized dividend of $ 1.40 and a dividend yield of 10.35%. The ex-dividend date was Wednesday, September 29. Apollo Commercial Real Estate Finance’s dividend payout ratio 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 mortgages, subordinated financings and other debt investments related to commercial real estate. It offers loan programs comprising senior loans, subordinated debt, bridging loans and preferred shares.

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