Apollo Commercial Real Estate Finance (NYSE:ARI) posted its quarterly earnings results on Wednesday. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.05, Bloomberg Earnings reports. The business had revenue of $71.24 million for the quarter, compared to analysts’ expectations of $66.40 million. Apollo Commercial Real Estate Finance had a return on equity of 9.59% and a net margin of 93.54%. The firm’s quarterly revenue was up 33.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.45 earnings per share.
The business also recently announced a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 10.18%. The ex-dividend date of this dividend was Thursday, September 28th. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is currently 86.79%.
Several equities analysts recently issued reports on the company. Royal Bank Of Canada reiterated a “buy” rating and issued a $19.00 price target on shares of Apollo Commercial Real Estate Finance in a report on Thursday, July 20th. BidaskClub cut Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Zacks Investment Research upgraded Apollo Commercial Real Estate Finance from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Apollo Commercial Real Estate Finance currently has an average rating of “Hold” and a consensus price target of $19.33.
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Apollo Commercial Real Estate Finance Company Profile
Apollo Commercial Real Estate Finance, Inc is a real estate investment trust. The Company primarily originates, acquires, invests in and manages performing commercial first mortgage loans, subordinate financings, commercial mortgage-backed securities (CMBS) and other commercial real estate-related debt investments.
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