Zacks: Brokerages Anticipate Apollo Commercial Real Est. Finance Inc (ARI) Will Post Quarterly Sales of $79.32 Million

Wall Street brokerages forecast that Apollo Commercial Real Est. Finance Inc (NYSE:ARI) will report sales of $79.32 million for the current quarter, according to Zacks. Two analysts have provided estimates for Apollo Commercial Real Est. Finance’s earnings, with the highest sales estimate coming in at $79.44 million and the lowest estimate coming in at $79.20 million. Apollo Commercial Real Est. Finance posted sales of $69.19 million in the same quarter last year, which suggests a positive year-over-year growth rate of 14.6%. The company is expected to issue its next earnings results on Wednesday, February 13th.

According to Zacks, analysts expect that Apollo Commercial Real Est. Finance will report full-year sales of $290.77 million for the current fiscal year, with estimates ranging from $290.60 million to $290.93 million. For the next fiscal year, analysts anticipate that the company will report sales of $339.92 million, with estimates ranging from $331.60 million to $348.23 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Apollo Commercial Real Est. Finance.

Apollo Commercial Real Est. Finance (NYSE:ARI) last posted its earnings results on Wednesday, October 24th. The real estate investment trust reported $0.47 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.47. The business had revenue of $77.48 million during the quarter, compared to analyst estimates of $77.97 million. Apollo Commercial Real Est. Finance had a return on equity of 9.13% and a net margin of 74.22%. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.51 EPS.

A number of analysts have commented on ARI shares. Zacks Investment Research raised Apollo Commercial Real Est. Finance from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Tuesday, July 31st. BTIG Research started coverage on Apollo Commercial Real Est. Finance in a report on Monday, October 8th. They issued a “neutral” rating for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Apollo Commercial Real Est. Finance has a consensus rating of “Hold” and a consensus target price of $21.00.

In related news, Director Scott Prince sold 30,000 shares of Apollo Commercial Real Est. Finance stock in a transaction on Friday, August 24th. The stock was sold at an average price of $19.36, for a total value of $580,800.00. Following the completion of the sale, the director now owns 45,132 shares of the company’s stock, valued at $873,755.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark C. Biderman sold 10,000 shares of Apollo Commercial Real Est. Finance stock in a transaction on Monday, August 27th. The stock was sold at an average price of $19.45, for a total value of $194,500.00. Following the completion of the sale, the director now directly owns 56,718 shares of the company’s stock, valued at approximately $1,103,165.10. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the stock. State Treasurer State of Michigan grew its holdings in shares of Apollo Commercial Real Est. Finance by 14.2% in the second quarter. State Treasurer State of Michigan now owns 5,919,968 shares of the real estate investment trust’s stock worth $108,217,000 after acquiring an additional 735,000 shares during the period. LSV Asset Management grew its holdings in shares of Apollo Commercial Real Est. Finance by 3.5% in the second quarter. LSV Asset Management now owns 1,896,615 shares of the real estate investment trust’s stock worth $34,670,000 after acquiring an additional 64,771 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Apollo Commercial Real Est. Finance by 3.9% in the second quarter. Bank of New York Mellon Corp now owns 1,528,232 shares of the real estate investment trust’s stock worth $27,936,000 after acquiring an additional 57,512 shares during the period. Bessemer Group Inc. grew its holdings in shares of Apollo Commercial Real Est. Finance by 469.0% in the third quarter. Bessemer Group Inc. now owns 1,472,630 shares of the real estate investment trust’s stock worth $27,789,000 after acquiring an additional 1,213,825 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of Apollo Commercial Real Est. Finance by 11.3% in the second quarter. Northern Trust Corp now owns 1,435,612 shares of the real estate investment trust’s stock worth $26,243,000 after acquiring an additional 145,726 shares during the period. 65.32% of the stock is owned by institutional investors.

Shares of Apollo Commercial Real Est. Finance stock traded down $0.02 on Friday, reaching $18.80. The company’s stock had a trading volume of 563,389 shares, compared to its average volume of 1,331,101. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 12.21 and a beta of 0.43. Apollo Commercial Real Est. Finance has a 52 week low of $17.56 and a 52 week high of $19.57. The company has a current ratio of 48.07, a quick ratio of 48.07 and a debt-to-equity ratio of 0.15.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 9.79%. The ex-dividend date was Thursday, September 27th. Apollo Commercial Real Est. Finance’s payout ratio is 119.48%.

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.

Featured Article: Investing in Growth Stocks

Get a free copy of the Zacks research report on Apollo Commercial Real Est. Finance (ARI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Apollo Commercial Real Est. Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apollo Commercial Real Est. Finance and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply