Apollo Commercial Real Estate Finance (NYSE:ARI) announced its quarterly earnings data on Tuesday. The real estate investment trust reported $0.46 EPS for the quarter, missing the consensus estimate of $0.47 by $0.01, Briefing.com reports. The firm had revenue of $62.22 million for the quarter, compared to analysts’ expectations of $63.75 million. Apollo Commercial Real Estate Finance had a net margin of 88.07% and a return on equity of 9.79%. The business’s quarterly revenue was up 32.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.49 EPS.

Shares of Apollo Commercial Real Estate Finance (NYSE ARI) traded up 0.084% during trading on Wednesday, hitting $17.925. The stock had a trading volume of 513,064 shares. The stock has a 50-day moving average price of $18.51 and a 200 day moving average price of $18.33. Apollo Commercial Real Estate Finance has a 12 month low of $15.54 and a 12 month high of $19.92. The company has a market cap of $1.64 billion, a P/E ratio of 9.351 and a beta of 0.65.

The business also recently declared a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were issued a dividend of $0.46 per share. The ex-dividend date was Wednesday, June 28th. This represents a $1.84 annualized dividend and a dividend yield of 10.27%. Apollo Commercial Real Estate Finance’s payout ratio is presently 96.84%.

Several equities analysts have commented on ARI shares. Zacks Investment Research lowered Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a research report on Thursday, May 4th. BidaskClub raised Apollo Commercial Real Estate Finance from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Keefe, Bruyette & Woods reissued a “hold” rating and set a $18.00 price objective on shares of Apollo Commercial Real Estate Finance in a research report on Wednesday, May 3rd. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $19.00 price objective on shares of Apollo Commercial Real Estate Finance in a research report on Thursday, July 20th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. Apollo Commercial Real Estate Finance currently has a consensus rating of “Hold” and a consensus target price of $18.75.

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In related news, CEO Stuart Rothstein sold 25,000 shares of the company’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $18.69, for a total transaction of $467,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.62% of the company’s stock.

Several large investors have recently modified their holdings of the company. Thrivent Financial for Lutherans boosted its stake in shares of Apollo Commercial Real Estate Finance by 6.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 13,367 shares of the real estate investment trust’s stock worth $222,000 after buying an additional 867 shares during the period. Teachers Advisors LLC boosted its stake in shares of Apollo Commercial Real Estate Finance by 4.9% in the fourth quarter. Teachers Advisors LLC now owns 172,061 shares of the real estate investment trust’s stock worth $2,860,000 after buying an additional 8,095 shares during the period. Foundry Partners LLC boosted its stake in shares of Apollo Commercial Real Estate Finance by 16.9% in the first quarter. Foundry Partners LLC now owns 195,193 shares of the real estate investment trust’s stock worth $3,672,000 after buying an additional 28,223 shares during the period. Koshinski Asset Management Inc. boosted its stake in shares of Apollo Commercial Real Estate Finance by 5.4% in the first quarter. Koshinski Asset Management Inc. now owns 70,739 shares of the real estate investment trust’s stock worth $1,331,000 after buying an additional 3,606 shares during the period. Finally, SOL Capital Management CO bought a new stake in shares of Apollo Commercial Real Estate Finance during the first quarter worth $357,000. Hedge funds and other institutional investors own 49.54% of the company’s stock.

About Apollo Commercial Real Estate Finance

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.

Earnings History for Apollo Commercial Real Estate Finance (NYSE:ARI)

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