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

Apollo Commercial Real Estate Finance (NYSE:ARI) announced its quarterly earnings data on Monday. The real estate investment trust reported $0.30 earnings per share (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 Down 0.2 %

Shares of ARI opened at $9.10 on Tuesday. The company’s 50-day simple moving average is $8.97 and its 200-day simple moving average is $9.36. The stock has a market capitalization of $1.26 billion, a PE ratio of -9.89 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 company has a debt-to-equity ratio of 0.67, a quick ratio of 46.13 and a current ratio of 46.13.

Apollo Commercial Real Estate Finance Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 11.00%. Apollo Commercial Real Estate Finance’s dividend payout ratio is presently -108.69%.

Analyst Ratings Changes

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

About Apollo Commercial Real Estate Finance

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.