Apollo Commercial Real Est. Finance (NYSE:ARI) Issues Quarterly Earnings Results

Apollo Commercial Real Est. Finance (NYSE:ARI) announced its earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.47, Briefing.com reports. The business had revenue of $85.22 million for the quarter, compared to analyst estimates of $86.97 million. Apollo Commercial Real Est. Finance had a net margin of 63.86% and a return on equity of 10.43%. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.47 earnings per share.

NYSE:ARI opened at $18.04 on Friday. 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 company’s 50-day moving average price is $18.79 and its 200-day moving average price is $18.73. Apollo Commercial Real Est. Finance has a twelve month low of $16.41 and a twelve month high of $19.76. The company has a market cap of $2.80 billion, a P/E ratio of 10.80 and a beta of 0.60.

The firm also recently declared a — dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.46 dividend. This represents a dividend yield of 9.5%. The ex-dividend date of this dividend was Friday, September 27th. Apollo Commercial Real Est. Finance’s dividend payout ratio is currently 110.18%.

In other Apollo Commercial Real Est. Finance news, Director Michael Salvati sold 20,000 shares of Apollo Commercial Real Est. Finance stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $19.02, for a total transaction of $380,400.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.39% of the stock is owned by insiders.

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. downgraded shares of Apollo Commercial Real Est. Finance from an “overweight” rating to a “neutral” rating and set a $18.50 price target on the stock. in a research note on Tuesday, October 22nd. Zacks Investment Research downgraded shares of Apollo Commercial Real Est. Finance from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 29th. Finally, TheStreet downgraded shares of Apollo Commercial Real Est. Finance from a “b” rating to a “c+” rating in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Apollo Commercial Real Est. Finance currently has an average rating of “Hold” and an average price target of $19.50.

About Apollo Commercial Real Est. 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. 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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