Wall Street analysts expect Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) to post earnings per share (EPS) of $0.36 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Apollo Commercial Real Estate Finance’s earnings, with the lowest EPS estimate coming in at $0.35 and the highest estimate coming in at $0.37. Apollo Commercial Real Estate Finance also posted earnings per share of $0.36 during the same quarter last year. The company is expected to issue its next quarterly earnings report after the market closes on Monday, October 25th.
On average, analysts expect that Apollo Commercial Real Estate Finance will report full year earnings of $1.52 per share for the current financial year, with EPS estimates ranging from $1.47 to $1.56. For the next fiscal year, analysts forecast that the company will post earnings of $1.49 per share, with EPS estimates ranging from $1.43 to $1.55. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Apollo Commercial Real Estate Finance.
Apollo Commercial Real Estate Finance (NYSE:ARI) last released its quarterly earnings data on Sunday, July 25th. The real estate investment trust reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.08). Apollo Commercial Real Estate Finance had a net margin of 75.66% and a return on equity of 9.32%.
Separately, Zacks Investment Research downgraded shares of Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a research note on Tuesday, September 28th.
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ARI traded up $0.01 during trading hours on Friday, reaching $15.50. The company’s stock had a trading volume of 548,248 shares, compared to its average volume of 840,403. The stock has a market cap of $2.17 billion, a PE ratio of 11.65 and a beta of 1.29. The business’s 50-day moving average is $15.21 and its 200-day moving average is $15.36. Apollo Commercial Real Estate Finance has a fifty-two week low of $8.32 and a fifty-two week high of $16.94. The company has a debt-to-equity ratio of 2.40, a current ratio of 81.46 and a quick ratio of 81.46.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 15th. Investors of record on Thursday, September 30th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 9.03%. The ex-dividend date was Wednesday, September 29th. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently 100.00%.
Large investors have recently added to or reduced their stakes in the stock. Marshall Wace North America L.P. bought a new position in Apollo Commercial Real Estate Finance during the 1st quarter valued at about $25,000. Russell Investments Group Ltd. boosted its holdings …….