Apollo Commercial Real Est. Finance Inc (NYSE:ARI) Expected to Announce Earnings of $0.45 Per Share

Brokerages predict that Apollo Commercial Real Est. Finance Inc (NYSE:ARI) will post earnings of $0.45 per share for the current quarter, according to Zacks. Two analysts have made estimates for Apollo Commercial Real Est. Finance’s earnings, with estimates ranging from $0.44 to $0.47. Apollo Commercial Real Est. Finance reported earnings of $0.44 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.3%. The firm is expected to report its next quarterly earnings report after the market closes on Wednesday, July 24th.

On average, analysts expect that Apollo Commercial Real Est. Finance will report full-year earnings of $1.87 per share for the current year, with EPS estimates ranging from $1.85 to $1.91. For the next fiscal year, analysts expect that the firm will report earnings of $1.94 per share, with EPS estimates ranging from $1.93 to $1.95. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Apollo Commercial Real Est. Finance.

Apollo Commercial Real Est. Finance (NYSE:ARI) last posted its quarterly earnings data on Wednesday, April 24th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.04. The business had revenue of $82.83 million during the quarter, compared to the consensus estimate of $79.70 million. Apollo Commercial Real Est. Finance had a return on equity of 10.47% and a net margin of 77.15%. The firm’s quarterly revenue was up 31.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.43 earnings per share.

Separately, Zacks Investment Research downgraded General Finance from a “buy” rating to a “hold” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $19.33.

ARI traded up $0.01 during trading on Friday, reaching $18.68. The stock had a trading volume of 11,826 shares, compared to its average volume of 1,148,894. The firm’s 50 day simple moving average is $18.59. The company has a quick ratio of 44.92, a current ratio of 44.92 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $2.87 billion, a P/E ratio of 11.17 and a beta of 0.61. Apollo Commercial Real Est. Finance has a one year low of $16.41 and a one year high of $19.57.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a $0.46 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.84 dividend on an annualized basis and a yield of 9.85%. Apollo Commercial Real Est. Finance’s dividend payout ratio (DPR) is 110.18%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Marshall Wace North America L.P. purchased a new position in shares of Apollo Commercial Real Est. Finance during the 1st quarter worth $25,000. Osborn Williams & Donohoe LLC purchased a new position in shares of Apollo Commercial Real Est. Finance during the 1st quarter worth $33,000. Advisory Alpha LLC purchased a new position in shares of Apollo Commercial Real Est. Finance in the 1st quarter worth $45,000. Quad Cities Investment Group LLC raised its position in shares of Apollo Commercial Real Est. Finance by 275.0% in the 1st quarter. Quad Cities Investment Group LLC now owns 4,091 shares of the real estate investment trust’s stock worth $75,000 after buying an additional 3,000 shares during the period. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of Apollo Commercial Real Est. Finance in the 1st quarter worth $93,000. Institutional investors and hedge funds own 59.30% of the company’s stock.

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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