Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) is expected to post earnings of $ 0.36 per share


Wall Street analysts expect Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) to post earnings per share (EPS) of $ 0.36 for the current fiscal quarter, Zack reports. Two analysts have released earnings estimates for Apollo Commercial Real Estate Finance, with the lower EPS estimate being $ 0.35 and the higher estimate being $ 0.37. Apollo Commercial Real Estate Finance also posted earnings per share of $ 0.36 in the same quarter of last year. The company is expected to release its next quarterly earnings report after the market closes on Monday, October 25.

On average, analysts expect Apollo Commercial Real Estate Finance to report annual profit of $ 1.52 per share for the current fiscal year, with EPS estimates ranging from $ 1.47 to 1.56. $. For the next fiscal year, analysts predict the company will post earnings of $ 1.49 per share, with EPS estimates ranging from $ 1.43 to $ 1.55. Zacks Investment Research earnings per share averages are an average based on a survey of research companies that track Apollo Commercial Real Estate Finance.

Apollo Commercial Real Estate Finance (NYSE: ARI) last released its quarterly earnings data on Sunday, July 25. The REIT reported $ 0.27 of EPS for the quarter, missing analyst consensus estimates of $ 0.35 of ($ 0.08). Apollo Commercial Real Estate Finance had a net margin of 75.66% and a return on equity of 9.32%.

Separately, Zacks investment research downgraded Apollo Commercial Real Estate Finance shares from a “buy” rating to a “hold” rating in a research note on Tuesday, September 28.

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ARI traded up $ 0.01 during Friday trading hours, reaching $ 15.50. The company’s shares had a trading volume of 548,248 shares, compared to its average volume of 840,403. The stock has a market cap of $ 2.17 billion, a PE ratio of 11.65, and a beta. of 1.29. The company’s 50-day moving average is $ 15.21 and its 200-day moving average is $ 15.36. Apollo Commercial Real Estate Finance has a fifty-two week low of $ 8.32 and a fifty-two week high of $ 16.94. The company has a debt to equity ratio of 2.40, a current ratio of 81.46 and a rapid ratio of 81.46.

The company also recently disclosed 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 9.03%. The ex-dividend date was Wednesday, September 29. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently 100.00%.

Large investors have recently increased or reduced their holdings in the stock. Marshall Wace North America LP purchased a new position in Apollo Commercial Real Estate Finance during the 1st quarter for a value of approximately $ 25,000. Russell Investments Group Ltd. increased its holdings in Apollo Commercial Real Estate Finance by 110.6% during the first quarter. Russell Investments Group Ltd. now owns 37,203 real estate investment trust shares worth $ 518,000 after purchasing an additional 19,534 shares in the last quarter. Teacher Retirement System of Texas increased its position in Apollo Commercial Real Estate Finance by 21.4% during the first quarter. Teacher Retirement System of Texas now owns 16,182 real estate investment trust shares worth $ 226,000 after acquiring 2,849 additional shares in the last quarter. Prudential Financial Inc. increased its position in Apollo Commercial Real Estate Finance by 0.3% during the first quarter. Prudential Financial Inc. now owns 443,167 REIT shares valued at $ 6,191,000 after acquiring an additional 1,215 shares in the last quarter. Finally, Geode Capital Management LLC strengthened its position in Apollo Commercial Real Estate Finance by 9.3% during the first quarter. Geode Capital Management LLC now owns 2,168,707 Real Estate Investment Trust shares worth $ 30,296,000 after acquiring an additional 184,604 shares during the last quarter. Hedge funds and other institutional investors hold 58.98% of the company’s shares.

About Apollo Commercial Real Estate Finance

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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