Apollo Commercial Real Est. Finance Inc (NYSE:ARI) Expected to Post Quarterly Sales of $86.38 Million

Wall Street brokerages expect that Apollo Commercial Real Est. Finance Inc (NYSE:ARI) will report sales of $86.38 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Apollo Commercial Real Est. Finance’s earnings, with estimates ranging from $82.80 million to $89.95 million. Apollo Commercial Real Est. Finance posted sales of $77.81 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 11%. The firm is scheduled to report its next quarterly earnings report on Wednesday, February 12th.

On average, analysts expect that Apollo Commercial Real Est. Finance will report full-year sales of $339.39 million for the current year, with estimates ranging from $335.80 million to $342.98 million. For the next fiscal year, analysts expect that the company will post sales of $328.02 million, with estimates ranging from $325.00 million to $331.03 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Apollo Commercial Real Est. Finance.

Apollo Commercial Real Est. Finance (NYSE:ARI) last issued its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. Apollo Commercial Real Est. Finance had a net margin of 63.86% and a return on equity of 10.43%. The firm had revenue of $85.22 million for the quarter, compared to analyst estimates of $86.97 million. During the same quarter in the previous year, the business posted $0.47 EPS. The firm’s revenue was up 10.0% compared to the same quarter last year.

ARI has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Apollo Commercial Real Est. Finance from a “sell” rating to a “hold” rating in a research note on Wednesday, December 25th. TheStreet lowered shares of Apollo Commercial Real Est. Finance from a “b” rating to a “c+” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. lowered shares of Apollo Commercial Real Est. Finance from an “overweight” rating to a “neutral” rating and set a $18.50 target price on the stock. in a research note on Tuesday, October 22nd. Compass Point initiated coverage on shares of Apollo Commercial Real Est. Finance in a research note on Monday, December 2nd. They issued a “neutral” rating and a $18.80 target price on the stock. Finally, Credit Suisse Group initiated coverage on shares of Apollo Commercial Real Est. Finance in a research note on Wednesday, January 8th. They issued a “neutral” rating and a $18.00 target price on the stock. Five research analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and a consensus price target of $19.08.

In other news, CEO Stuart Rothstein sold 50,000 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $18.33, for a total value of $916,500.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.39% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Manchester Financial Inc. acquired a new stake in shares of Apollo Commercial Real Est. Finance in the 4th quarter valued at about $25,000. Nisa Investment Advisors LLC grew its position in shares of Apollo Commercial Real Est. Finance by 38.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 68,279 shares of the real estate investment trust’s stock valued at $1,249,000 after buying an additional 18,785 shares during the last quarter. AE Wealth Management LLC grew its position in shares of Apollo Commercial Real Est. Finance by 12.2% during the 4th quarter. AE Wealth Management LLC now owns 238,795 shares of the real estate investment trust’s stock valued at $4,368,000 after buying an additional 25,986 shares during the last quarter. 6 Meridian grew its position in shares of Apollo Commercial Real Est. Finance by 8.4% during the 4th quarter. 6 Meridian now owns 44,303 shares of the real estate investment trust’s stock valued at $810,000 after buying an additional 3,439 shares during the last quarter. Finally, Advisors Capital Management LLC bought a new stake in shares of Apollo Commercial Real Est. Finance during the 4th quarter valued at about $1,761,000. Institutional investors and hedge funds own 66.19% of the company’s stock.

ARI stock traded down $0.04 during trading on Friday, reaching $18.39. The stock had a trading volume of 873,955 shares, compared to its average volume of 1,062,368. Apollo Commercial Real Est. Finance has a 1-year low of $17.46 and a 1-year high of $19.76. The company has a current ratio of 50.29, a quick ratio of 50.29 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $2.82 billion, a P/E ratio of 11.01 and a beta of 0.59. The firm has a fifty day moving average price of $18.45 and a 200 day moving average price of $18.61.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.46 dividend. The ex-dividend date was Monday, December 30th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 10.01%. Apollo Commercial Real Est. Finance’s dividend payout ratio (DPR) is presently 110.18%.

About Apollo Commercial Real Est. Finance

Apollo Commercial Real Estate Finance, Inc operates as a real estate investment trust (REIT) that primarily originates, acquires, invests in, and manages commercial first mortgage loans, subordinate financings, and other commercial real estate-related debt investments in the United States. The company is qualified as a REIT under the Internal Revenue Code.

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