Apollo Commercial Real Est. Finance (ARI) Set to Announce Earnings on Tuesday
Apollo Commercial Real Est. Finance (NYSE:ARI) is set to post its Q214 quarterly earnings results on Tuesday, July 29th. Individual interested in participating in the company’s earnings conference call can do so using this link.
Apollo Commercial Real Est. Finance (NYSE:ARI) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.37 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.41 by $0.04. During the same quarter in the prior year, the company posted $0.33 earnings per share.
Shares of Apollo Commercial Real Est. Finance (NYSE:ARI) traded up 0.06% during mid-day trading on Monday, hitting $16.4104. The stock had a trading volume of 35,575 shares. Apollo Commercial Real Est. Finance has a 1-year low of $14.56 and a 1-year high of $17.18. The stock’s 50-day moving average is $16.5 and its 200-day moving average is $16.65. The company has a market cap of $609.4 million and a price-to-earnings ratio of 12.12.
Several analysts have recently commented on the stock. Analysts at Barclays cut their price target on shares of Apollo Commercial Real Est. Finance from $18.00 to $17.00 in a research note on Monday, July 21st. They now have an “equal weight” rating on the stock. On a related note, analysts at Zacks upgraded shares of Apollo Commercial Real Est. Finance from an “underperform” rating to a “neutral” rating in a research note on Thursday, June 5th. They now have a $17.20 price target on the stock. Finally, analysts at JMP Securities cut their price target on shares of Apollo Commercial Real Est. Finance to $18.00 in a research note on Monday, June 2nd. Three analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus price target of $17.30.
Apollo Commercial Real Estate Finance, Inc is a real estate investment trust (NYSE:ARI) that primarily originates, acquires, invests in and manages performing commercial first mortgage loans, commercial mortgage-backed securities (CMBS), subordinate financings and other commercial real estate-related debt investments in the United States.
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