Apollo Commercial Real Estate Finance (NYSE:ARI) Announces Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Apollo Commercial Real Estate Finance (NYSE:ARI) announced its earnings results on Monday. The real estate investment trust reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.07, Zacks reports. Apollo Commercial Real Estate Finance had a negative net margin of 35.84% and a positive return on equity of 9.11%.

Apollo Commercial Real Estate Finance Stock Performance

Shares of ARI stock opened at $9.99 on Wednesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 46.13 and a current ratio of 46.13. The stock has a market cap of $1.38 billion, a PE ratio of -10.85 and a beta of 1.74. Apollo Commercial Real Estate Finance has a 1 year low of $8.44 and a 1 year high of $11.64. The stock has a fifty day moving average price of $8.96 and a 200 day moving average price of $9.35.

Apollo Commercial Real Estate Finance Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.02%. The ex-dividend date of this dividend was Tuesday, December 31st. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently -108.69%.

Wall Street Analyst Weigh In

ARI has been the topic of a number of recent research reports. UBS Group dropped their target price on Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a “neutral” rating on the stock in a report on Friday, November 15th. JPMorgan Chase & Co. dropped their price target on shares of Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating on the stock in a research note on Thursday, October 17th. StockNews.com upgraded shares of Apollo Commercial Real Estate Finance from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods dropped their target price on Apollo Commercial Real Estate Finance from $9.00 to $8.75 and set a “market perform” rating on the stock in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $9.31.

Apollo Commercial Real Estate Finance Company Profile

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, the United Kingdom, and Europe.