Apollo Commercial Real Estate Finance (ARI) Set to Announce Quarterly Earnings on Monday

Apollo Commercial Real Estate Finance (NYSE:ARIGet Rating) will post its quarterly earnings results after the market closes on Monday, April 25th. Analysts expect Apollo Commercial Real Estate Finance to post earnings of $0.30 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Apollo Commercial Real Estate Finance (NYSE:ARIGet Rating) last issued its quarterly earnings results on Tuesday, February 8th. The real estate investment trust reported $0.32 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.02. Apollo Commercial Real Estate Finance had a net margin of 81.92% and a return on equity of 8.92%. During the same period last year, the business posted $0.33 EPS. On average, analysts expect Apollo Commercial Real Estate Finance to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of NYSE:ARI opened at $13.36 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 71.68 and a quick ratio of 71.68. Apollo Commercial Real Estate Finance has a one year low of $12.10 and a one year high of $16.94. The company’s fifty day moving average price is $13.59 and its 200-day moving average price is $13.91. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 9.54 and a beta of 1.24.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Stockholders of record on Thursday, March 31st were given a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 10.48%. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently 100.00%.

ARI has been the subject of several recent analyst reports. StockNews.com assumed coverage on Apollo Commercial Real Estate Finance in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research raised Apollo Commercial Real Estate Finance from a “sell” rating to a “hold” rating in a research note on Wednesday, April 13th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ARI. California State Teachers Retirement System boosted its holdings in Apollo Commercial Real Estate Finance by 2.2% in the 4th quarter. California State Teachers Retirement System now owns 194,704 shares of the real estate investment trust’s stock worth $2,562,000 after buying an additional 4,205 shares during the last quarter. Penserra Capital Management LLC raised its position in Apollo Commercial Real Estate Finance by 182.9% in the fourth quarter. Penserra Capital Management LLC now owns 15,953 shares of the real estate investment trust’s stock valued at $209,000 after purchasing an additional 10,313 shares during the period. Stifel Financial Corp raised its position in Apollo Commercial Real Estate Finance by 25.4% in the fourth quarter. Stifel Financial Corp now owns 71,974 shares of the real estate investment trust’s stock valued at $947,000 after purchasing an additional 14,571 shares during the period. Legal & General Group Plc raised its position in Apollo Commercial Real Estate Finance by 3.9% in the fourth quarter. Legal & General Group Plc now owns 382,710 shares of the real estate investment trust’s stock valued at $5,037,000 after purchasing an additional 14,498 shares during the period. Finally, Cubist Systematic Strategies LLC raised its position in Apollo Commercial Real Estate Finance by 1,694.6% in the fourth quarter. Cubist Systematic Strategies LLC now owns 206,885 shares of the real estate investment trust’s stock valued at $2,723,000 after purchasing an additional 195,357 shares during the period. Institutional investors and hedge funds own 57.32% of the company’s stock.

Apollo Commercial Real Estate Finance Company Profile (Get Rating)

Apollo Commercial Real Estate Finance, Inc operates as a real estate investment trust (REIT) that 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.

Further Reading

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

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