Zacks: Analysts Expect Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) to Report Earnings Per Share of $ 0.33


Equity research analysts expect Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) to post earnings per share of $ 0.33 for the current quarter, Zacks investment research reports. Two analysts have estimated the earnings of Apollo Commercial Real Estate Finance. Apollo Commercial Real Estate Finance posted earnings per share of $ 0.36 in the same quarter last year, suggesting a negative year-over-year growth rate of 8.3%. The company is expected to release its next quarterly earnings report on Wednesday, February 9.

According to Zacks, analysts expect Apollo Commercial Real Estate Finance to report an annual profit of $ 1.49 per share for the current fiscal year. For next year, analysts predict the company will post earnings of $ 1.44 per share. Zacks Investment Research earnings per share averages are an average based on a survey of sales analysts who cover Apollo Commercial Real Estate Finance.

Apollo Commercial Real Estate Finance (NYSE: ARI) last released its quarterly earnings data on Sunday, October 24. The REIT reported $ 0.35 of EPS for the quarter, missing the Thomson Reuters consensus estimate of $ 0.36 of ($ 0.01). Apollo Commercial Real Estate Finance recorded a return on equity of 9.26% and a net margin of 80.15%. During the same period of the previous year, the company posted earnings per share of $ 0.32.

Separately, Zacks investment research downgraded Apollo Commercial Real Estate Finance from a “hold” rating to a “strong sell” rating in a research report released on Friday, October 29.

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Knightscope, Inc., a developer of advanced physical security technologies focused on improving security operations in the United States, has begun offering up to $ 40 million of Class A common stock, with the shares to be listed immediately after the close of NASDAQ under the ticker symbol “KSCP.”

In related news, the director Robert A. Kasdin sold 15,000 shares in a trade on Wednesday, November 10. The stock was sold for an average price of $ 15.43, for a total value of $ 231,450.00. The transaction was disclosed in a file with the Securities & Exchange Commission, accessible via this link. Company insiders own 0.59% of the company’s shares.

Hedge funds and other institutional investors have recently bought and sold stocks. The Swiss National Bank increased its stake in the shares of Apollo Commercial Real Estate Finance by 1.2% in the second quarter. The Swiss National Bank now owns 308,239 shares of the REIT valued at $ 4,916,000 after acquiring an additional 3,700 shares in the last quarter. Van ECK Associates Corp increased its stake in the shares of Apollo Commercial Real Estate Finance by 21.0% in the 2nd quarter. Van ECK Associates Corp now owns 930,332 real estate investment trust shares worth $ 14,839,000 after acquiring an additional 161,166 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Apollo Commercial Real Estate Finance shares by 2.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 94,242 Real Estate Investment Trust shares valued at $ 1,503,000 after acquiring 2,537 additional shares in the last quarter. Meeder Asset Management Inc. increased its stake in Apollo Commercial Real Estate Finance shares by 107.8% in the 2nd quarter. Meeder Asset Management Inc. now owns 2,932 real estate investment trust shares valued at $ 47,000 after acquiring an additional 1,521 shares in the last quarter. Finally, Invesco Ltd. increased its stake in the shares of Apollo Commercial Real Estate Finance by 6.7% in the second quarter. Invesco Ltd. now owns 1,982,819 Real Estate Investment Trust shares valued at $ 31,626,000 after acquiring 124,136 additional shares during the last quarter. 59.04% of the shares are held by hedge funds and other institutional investors.

Actions of NYSE: ARI open for $ 12.65 Tuesday. Apollo Commercial Real Estate Finance has a 1 year low of $ 10.69 and a 1 year high of $ 16.94. The company has a market cap of $ 1.77 billion, a price-to-earnings ratio of 9.04 and a beta of 1.30. The company has a debt ratio of 2.29, a current ratio of 66.82, and a quick ratio of 66.82. The company’s 50-day average mobile price is $ 14.52, and its 200-day average mobile price is $ 15.16.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, January 15. Shareholders of record on Friday, December 31 will receive a dividend of $ 0.35 per share. The ex-dividend date is Thursday, December 30. This represents a dividend of $ 1.40 on an annualized basis and a dividend yield of 11.07%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is 100.00%.

Apollo Commercial Real Estate Finance Company Profile

Apollo Commercial Real Estate Finance, Inc is a real estate investment trust that creates, acquires, invests and manages commercial real estate mortgages, subordinated financings and other debt investments related to commercial real estate. It offers loan programs comprising senior loans, subordinated debt, bridging loans and preferred shares.

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