Apollo Commercial Real Est. Finance (NYSE:ARI) Posts Earnings Results, Beats Expectations By $0.05 EPS

Apollo Commercial Real Est. Finance (NYSE:ARI) released its quarterly earnings data on Thursday. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.05, Briefing.com reports. The business had revenue of $81.45 million for the quarter, compared to analysts’ expectations of $85.47 million. Apollo Commercial Real Est. Finance had a return on equity of 10.43% and a net margin of 63.86%. During the same period in the prior year, the firm posted $0.46 EPS.

ARI stock traded down $0.27 during midday trading on Friday, hitting $18.40. The company’s stock had a trading volume of 3,963,865 shares, compared to its average volume of 1,047,105. The company has a market cap of $2.83 billion, a PE ratio of 14.15 and a beta of 0.60. Apollo Commercial Real Est. Finance has a 12 month low of $17.81 and a 12 month 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 firm’s 50-day moving average is $18.39 and its 200-day moving average is $18.60.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $0.46 dividend. The ex-dividend date was Monday, December 30th. This represents a $1.84 annualized dividend and a yield of 10.00%. Apollo Commercial Real Est. Finance’s dividend payout ratio (DPR) is presently 110.18%.

In related news, CEO Stuart Rothstein sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $18.33, for a total value of $916,500.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.39% of the company’s stock.

Several equities analysts recently issued reports on ARI shares. JPMorgan Chase & Co. cut Apollo Commercial Real Est. Finance from an “overweight” rating to a “neutral” rating and set a $18.50 price objective on the stock. in a research report on Tuesday, October 22nd. Compass Point started coverage on Apollo Commercial Real Est. Finance in a research report on Monday, December 2nd. They issued a “neutral” rating and a $18.80 price objective on the stock. Zacks Investment Research raised Apollo Commercial Real Est. Finance from a “sell” rating to a “hold” rating in a research report on Friday. Credit Suisse Group started coverage on Apollo Commercial Real Est. Finance in a research report on Wednesday, January 8th. They issued a “neutral” rating and a $18.00 price objective on the stock. Finally, TheStreet cut Apollo Commercial Real Est. Finance from a “b” rating to a “c+” rating in a research report on Wednesday, October 23rd. Five equities research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and an average target price of $19.08.

Apollo Commercial Real Est. Finance Company Profile

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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Earnings History for Apollo Commercial Real Est. Finance (NYSE:ARI)

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