Zacks: Analysts Anticipate Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Will Announce Earnings of $0.33 Per Share

Equities analysts predict that Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) will report earnings of $0.33 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Apollo Commercial Real Estate Finance’s earnings, with estimates ranging from $0.29 to $0.37. Apollo Commercial Real Estate Finance reported earnings per share of $0.47 during the same quarter last year, which would suggest a negative year-over-year growth rate of 29.8%. The company is scheduled to issue its next earnings report after the market closes on Monday, October 26th.

According to Zacks, analysts expect that Apollo Commercial Real Estate Finance will report full year earnings of $0.98 per share for the current fiscal year, with EPS estimates ranging from $0.90 to $1.06. For the next fiscal year, analysts forecast that the business will post earnings of $1.35 per share, with EPS estimates ranging from $1.15 to $1.55. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that follow Apollo Commercial Real Estate Finance.

A number of equities research analysts have recently weighed in on ARI shares. Credit Suisse Group lifted their price objective on Apollo Commercial Real Estate Finance from $9.00 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 1st. ValuEngine lowered Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a research report on Tuesday, August 4th. Finally, Zacks Investment Research lowered Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a research report on Wednesday, August 5th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Apollo Commercial Real Estate Finance presently has an average rating of “Hold” and a consensus price target of $14.83.

Shares of ARI stock traded down $0.11 during trading hours on Friday, reaching $9.14. The company’s stock had a trading volume of 823,328 shares, compared to its average volume of 1,808,418. The stock has a market capitalization of $1.35 billion, a P/E ratio of 114.26 and a beta of 1.14. Apollo Commercial Real Estate Finance has a one year low of $4.12 and a one year high of $19.15. The firm’s fifty day simple moving average is $9.14 and its 200 day simple moving average is $8.86. The company has a current ratio of 48.51, a quick ratio of 48.51 and a debt-to-equity ratio of 0.44.

The business also recently disclosed a monthly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a dividend of $0.35 per share. This represents a $4.20 dividend on an annualized basis and a yield of 45.95%. The ex-dividend date was Tuesday, September 29th. Apollo Commercial Real Estate Finance’s payout ratio is 237.29%.

A number of large investors have recently made changes to their positions in ARI. Marshall Wace North America L.P. purchased a new position in Apollo Commercial Real Estate Finance during the first quarter valued at $25,000. Signaturefd LLC raised its stake in Apollo Commercial Real Estate Finance by 109.5% during the second quarter. Signaturefd LLC now owns 2,759 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 1,442 shares during the last quarter. Versant Capital Management Inc raised its stake in Apollo Commercial Real Estate Finance by 535.6% during the second quarter. Versant Capital Management Inc now owns 3,229 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 2,721 shares during the last quarter. Parametrica Management Ltd purchased a new position in Apollo Commercial Real Estate Finance during the first quarter valued at $79,000. Finally, Private Advisor Group LLC purchased a new position in Apollo Commercial Real Estate Finance during the second quarter valued at $86,000. Institutional investors and hedge funds own 65.56% of the company’s stock.

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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