Apollo Commercial Real Est. Finance (ARI) Issues Quarterly Earnings Results, Beats Expectations By $0.02 EPS
Apollo Commercial Real Est. Finance (NYSE:ARI) announced its earnings results on Wednesday. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.02, Bloomberg Earnings reports. The company had revenue of $69.19 million during the quarter, compared to analyst estimates of $67.80 million. Apollo Commercial Real Est. Finance had a net margin of 86.07% and a return on equity of 10.32%. The firm’s quarterly revenue was up 29.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.49 earnings per share.
Shares of Apollo Commercial Real Est. Finance (ARI) traded up $0.09 during midday trading on Wednesday, reaching $18.01. 1,172,371 shares of the company traded hands, compared to its average volume of 1,480,000. The company has a debt-to-equity ratio of 0.83, a current ratio of 291.34 and a quick ratio of 291.34. The company has a market capitalization of $1,930.00, a price-to-earnings ratio of 10.06 and a beta of 0.54. Apollo Commercial Real Est. Finance has a 12 month low of $17.44 and a 12 month high of $19.92.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.84 annualized dividend and a yield of 10.22%. Apollo Commercial Real Est. Finance’s dividend payout ratio (DPR) is 102.79%.
Separately, Zacks Investment Research lowered shares of Apollo Commercial Real Est. Finance from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $19.33.
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Apollo Commercial Real Est. 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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