Apollo Commercial Real Est. Finance Inc (NYSE:ARI) Expected to Announce Quarterly Sales of $86.38 Million

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Equities research analysts expect Apollo Commercial Real Est. Finance Inc (NYSE:ARI) to post $86.38 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Apollo Commercial Real Est. Finance’s earnings. The highest sales estimate is $89.95 million and the lowest is $82.80 million. Apollo Commercial Real Est. Finance reported sales of $77.81 million during the same quarter last year, which indicates a positive year over year growth rate of 11%. The company is expected to announce its next earnings results on Wednesday, February 12th.

On average, analysts expect that Apollo Commercial Real Est. Finance will report full-year sales of $339.39 million for the current year, with estimates ranging from $335.80 million to $342.98 million. For the next fiscal year, analysts forecast that the firm will report sales of $328.02 million, with estimates ranging from $325.00 million to $331.03 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Apollo Commercial Real Est. Finance.

Apollo Commercial Real Est. Finance (NYSE:ARI) last announced its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.47 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.47. The firm had revenue of $85.22 million during the quarter, compared to analysts’ expectations of $86.97 million. Apollo Commercial Real Est. Finance had a return on equity of 10.43% and a net margin of 63.86%. During the same period in the previous year, the business posted $0.47 EPS. The company’s quarterly revenue was up 10.0% compared to the same quarter last year.

Several equities research analysts have recently commented on ARI shares. Zacks Investment Research cut shares of Apollo Commercial Real Est. Finance from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. lowered shares of Apollo Commercial Real Est. Finance from an “overweight” rating to a “neutral” rating and set a $18.50 price objective on the stock. in a report on Tuesday, October 22nd. Compass Point assumed coverage on shares of Apollo Commercial Real Est. Finance in a research note on Monday. They issued a “neutral” rating and a $18.80 price objective on the stock. Finally, TheStreet lowered shares of Apollo Commercial Real Est. Finance from a “b” rating to a “c+” rating in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $19.43.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ARI. Vanguard Group Inc. boosted its holdings in Apollo Commercial Real Est. Finance by 12.8% during the second quarter. Vanguard Group Inc. now owns 16,588,272 shares of the real estate investment trust’s stock worth $305,058,000 after buying an additional 1,876,586 shares during the last quarter. UBS Group AG boosted its stake in Apollo Commercial Real Est. Finance by 17.4% during the 2nd quarter. UBS Group AG now owns 2,268,868 shares of the real estate investment trust’s stock worth $41,724,000 after acquiring an additional 336,663 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Apollo Commercial Real Est. Finance by 18.7% during the second quarter. Bank of New York Mellon Corp now owns 1,880,821 shares of the real estate investment trust’s stock valued at $34,589,000 after purchasing an additional 295,823 shares during the period. Northern Trust Corp grew its holdings in Apollo Commercial Real Est. Finance by 20.0% during the second quarter. Northern Trust Corp now owns 1,824,862 shares of the real estate investment trust’s stock valued at $33,559,000 after purchasing an additional 304,397 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Apollo Commercial Real Est. Finance by 27.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 904,331 shares of the real estate investment trust’s stock valued at $16,631,000 after purchasing an additional 195,357 shares during the period. Institutional investors and hedge funds own 66.18% of the company’s stock.

Shares of NYSE ARI traded up $0.03 during mid-day trading on Thursday, hitting $18.34. The company’s stock had a trading volume of 766,652 shares, compared to its average volume of 1,119,169. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 10.98 and a beta of 0.59. The company has a debt-to-equity ratio of 1.37, a current ratio of 50.29 and a quick ratio of 50.29. Apollo Commercial Real Est. Finance has a one year low of $16.41 and a one year high of $19.76. The company’s fifty day simple moving average is $18.29 and its 200-day simple moving average is $18.65.

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.

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