Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Expected to Announce Quarterly Sales of $75.60 Million

Equities analysts expect that Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) will report sales of $75.60 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Apollo Commercial Real Estate Finance’s earnings. The lowest sales estimate is $70.60 million and the highest is $80.60 million. Apollo Commercial Real Estate Finance posted sales of $85.22 million during the same quarter last year, which suggests a negative year over year growth rate of 11.3%. The company is scheduled to report its next earnings report after the market closes on Monday, October 26th.

On average, analysts expect that Apollo Commercial Real Estate Finance will report full-year sales of $295.84 million for the current year, with estimates ranging from $285.40 million to $306.28 million. For the next year, analysts anticipate that the business will report sales of $307.54 million, with estimates ranging from $292.70 million to $322.38 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Apollo Commercial Real Estate Finance.

Several analysts have recently weighed in on the company. ValuEngine cut Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a report on Tuesday, August 4th. Credit Suisse Group upped their target price on Apollo Commercial Real Estate Finance from $9.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday, July 1st. Finally, Zacks Investment Research cut Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a report on Wednesday, August 5th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $14.83.

Institutional investors and hedge funds have recently modified their holdings of the business. APG Asset Management N.V. purchased a new stake in shares of Apollo Commercial Real Estate Finance in the first quarter worth approximately $22,405,000. Telemus Capital LLC boosted its stake in Apollo Commercial Real Estate Finance by 50.0% in the first quarter. Telemus Capital LLC now owns 60,000 shares of the real estate investment trust’s stock valued at $494,000 after acquiring an additional 20,000 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Apollo Commercial Real Estate Finance by 20.5% in the first quarter. BNP Paribas Arbitrage SA now owns 69,839 shares of the real estate investment trust’s stock valued at $518,000 after acquiring an additional 11,872 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Apollo Commercial Real Estate Finance by 48.4% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 71,841 shares of the real estate investment trust’s stock valued at $533,000 after acquiring an additional 23,432 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in Apollo Commercial Real Estate Finance by 3.2% in the first quarter. Legal & General Group Plc now owns 430,341 shares of the real estate investment trust’s stock valued at $3,193,000 after acquiring an additional 13,142 shares in the last quarter. 65.56% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:ARI traded down $0.11 during midday trading on Monday, hitting $9.14. 823,328 shares of the stock were exchanged, compared to its average volume of 1,808,418. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 114.26 and a beta of 1.14. The company has a debt-to-equity ratio of 0.44, a quick ratio of 48.51 and a current ratio of 48.51. The business’s 50-day moving average price is $9.14 and its 200 day moving average price is $8.86. Apollo Commercial Real Estate Finance has a 12 month low of $4.12 and a 12 month high of $19.15.

The firm also recently declared a monthly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a $0.35 dividend. This represents a $4.20 annualized dividend and a yield of 45.95%. The ex-dividend date of this dividend was Tuesday, September 29th. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is presently 237.29%.

About Apollo Commercial Real Estate 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. It is qualified as a REIT under the Internal Revenue Code.

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