Apollo Commercial Real Est. Finance (ARI) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS
Apollo Commercial Real Est. Finance (NYSE:ARI) released its earnings data on Tuesday. The company reported $0.42 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.37 by $0.05, Analyst Ratings Network.com reports. During the same quarter in the prior year, the company posted $0.31 earnings per share.
A number of analysts have recently weighed in on ARI shares. 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 research analysts have rated the stock with a hold rating, Apollo Commercial Real Est. Finance presently has a consensus rating of “Hold” and a consensus target price of $17.30.
Shares of Apollo Commercial Real Est. Finance (NYSE:ARI) traded down 0.30% during mid-day trading on Tuesday, hitting $16.36. The stock had a trading volume of 270,922 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. and its 200-day moving average is $16.65. The company has a market cap of $607.6 million and a P/E ratio of 12.13.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 9.78%.
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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