Apollo Commercial Real Estate Finance (NYSE:ARI) Issues Earnings Results

Apollo Commercial Real Estate Finance (NYSE:ARI) released its quarterly earnings results on Saturday. The real estate investment trust reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.07, MarketWatch Earnings reports. Apollo Commercial Real Estate Finance had a return on equity of 10.24% and a net margin of 10.69%.

Shares of NYSE:ARI opened at $8.48 on Thursday. The company has a quick ratio of 48.51, a current ratio of 48.51 and a debt-to-equity ratio of 0.44. The company has a market cap of $1.25 billion, a P/E ratio of 106.01 and a beta of 1.14. Apollo Commercial Real Estate Finance has a 52 week low of $4.12 and a 52 week high of $18.95. The company has a 50-day moving average price of $9.12 and a 200 day moving average price of $8.99.

The company also recently disclosed a monthly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were given a $0.35 dividend. The ex-dividend date was Tuesday, September 29th. This represents a $4.20 dividend on an annualized basis and a yield of 49.53%. Apollo Commercial Real Estate Finance’s payout ratio is currently 237.29%.

A number of research firms have recently weighed in on ARI. ValuEngine lowered Apollo Commercial Real Estate Finance from a “sell” rating to a “strong sell” rating in a research report on Friday, October 23rd. 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. Finally, Credit Suisse Group upped 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.

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

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