$80.56 Million in Sales Expected for Apollo Commercial Real Est. Finance Inc (ARI) This Quarter

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Wall Street brokerages forecast that Apollo Commercial Real Est. Finance Inc (NYSE:ARI) will post sales of $80.56 million for the current quarter, Zacks reports. Two analysts have provided estimates for Apollo Commercial Real Est. Finance’s earnings, with the lowest sales estimate coming in at $79.42 million and the highest estimate coming in at $81.70 million. Apollo Commercial Real Est. Finance reported sales of $63.23 million during the same quarter last year, which indicates a positive year over year growth rate of 27.4%. The firm is scheduled to report its next earnings results after the market closes on Wednesday, April 24th.

According to Zacks, analysts expect that Apollo Commercial Real Est. Finance will report full year sales of $330.67 million for the current financial year, with estimates ranging from $329.74 million to $331.60 million. For the next financial year, analysts expect that the firm will report sales of $355.25 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Apollo Commercial Real Est. Finance.

Apollo Commercial Real Est. Finance (NYSE:ARI) last released its quarterly earnings results on Wednesday, February 13th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.46. The company had revenue of $77.81 million during the quarter, compared to the consensus estimate of $80.88 million. Apollo Commercial Real Est. Finance had a return on equity of 9.78% and a net margin of 76.04%. The firm’s revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.12 EPS.

ARI has been the subject of several recent analyst reports. Zacks Investment Research upgraded Apollo Commercial Real Est. Finance from a “sell” rating to a “hold” rating in a research note on Monday, April 8th. Deutsche Bank downgraded Apollo Commercial Real Est. Finance from a “buy” rating to a “hold” rating in a research note on Thursday, February 14th. Finally, JPMorgan Chase & Co. upgraded Apollo Commercial Real Est. Finance from a “neutral” rating to an “overweight” rating and decreased their price target for the stock from $18.50 to $18.00 in a research note on Wednesday, January 16th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Apollo Commercial Real Est. Finance presently has a consensus rating of “Hold” and a consensus price target of $19.33.

In other news, CEO Stuart Rothstein sold 24,707 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $18.52, for a total transaction of $457,573.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.65% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue lifted its position in shares of Apollo Commercial Real Est. Finance by 1.8% during the 4th quarter. State of Alaska Department of Revenue now owns 37,576 shares of the real estate investment trust’s stock worth $626,000 after purchasing an additional 663 shares during the last quarter. Wedbush Securities Inc. lifted its position in shares of Apollo Commercial Real Est. Finance by 3.9% during the 1st quarter. Wedbush Securities Inc. now owns 18,874 shares of the real estate investment trust’s stock worth $344,000 after purchasing an additional 710 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Apollo Commercial Real Est. Finance by 7.2% during the 4th quarter. Bank of Montreal Can now owns 11,394 shares of the real estate investment trust’s stock worth $190,000 after purchasing an additional 763 shares during the last quarter. Resources Investment Advisors Inc. lifted its position in shares of Apollo Commercial Real Est. Finance by 66.0% during the 4th quarter. Resources Investment Advisors Inc. now owns 2,000 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 795 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its position in shares of Apollo Commercial Real Est. Finance by 1.1% during the 4th quarter. Oppenheimer & Co. Inc. now owns 74,139 shares of the real estate investment trust’s stock worth $1,235,000 after purchasing an additional 800 shares during the last quarter. 69.02% of the stock is owned by institutional investors and hedge funds.

Shares of ARI traded down $0.02 during trading hours on Friday, hitting $18.48. 460,322 shares of the company were exchanged, compared to its average volume of 956,022. The company has a market cap of $2.48 billion, a PE ratio of 11.07 and a beta of 0.64. Apollo Commercial Real Est. Finance has a 52 week low of $16.41 and a 52 week high of $19.57. The company has a debt-to-equity ratio of 0.24, a quick ratio of 38.08 and a current ratio of 38.08.

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a dividend of $0.46 per share. The ex-dividend date was Thursday, March 28th. This represents a $1.84 annualized dividend and a dividend yield of 9.96%. Apollo Commercial Real Est. Finance’s dividend payout ratio (DPR) is presently 110.18%.

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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