Equities analysts expect that Apollo Commercial Real Est. Finance Inc (NYSE:ARI) will report earnings per share of $0.34 for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Apollo Commercial Real Est. Finance’s earnings, with the lowest EPS estimate coming in at $0.29 and the highest estimate coming in at $0.37. Apollo Commercial Real Est. Finance posted earnings of $0.47 per share during the same quarter last year, which would indicate a negative year over year growth rate of 27.7%. The business is expected to announce its next quarterly earnings results on Wednesday, October 28th.
According to Zacks, analysts expect that Apollo Commercial Real Est. Finance will report full year earnings of $1.15 per share for the current fiscal year, with EPS estimates ranging from $0.90 to $1.50. For the next year, analysts forecast that the business will post earnings of $1.36 per share, with EPS estimates ranging from $1.15 to $1.55. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow Apollo Commercial Real Est. Finance.
ARI has been the topic of a number of analyst reports. Credit Suisse Group boosted their price target on shares of Apollo Commercial Real Est. Finance from $9.00 to $11.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 1st. Zacks Investment Research downgraded Apollo Commercial Real Est. Finance from a “buy” rating to a “hold” rating in a report on Wednesday, August 5th. Finally, ValuEngine lowered Apollo Commercial Real Est. Finance from a “hold” rating to a “sell” rating in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The company has an average rating of “Hold” and a consensus target price of $14.83.
Institutional investors and hedge funds have recently made changes to their positions in the business. Marshall Wace North America L.P. bought a new stake in Apollo Commercial Real Est. Finance in the 1st quarter worth $25,000. Signaturefd LLC boosted its holdings in shares of Apollo Commercial Real Est. Finance by 109.5% during the second quarter. Signaturefd LLC now owns 2,759 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 1,442 shares during the period. Versant Capital Management Inc grew its stake in shares of Apollo Commercial Real Est. Finance by 535.6% in the second quarter. Versant Capital Management Inc now owns 3,229 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 2,721 shares during the last quarter. Wesbanco Bank Inc. bought a new stake in shares of Apollo Commercial Real Est. Finance in the first quarter worth about $76,000. Finally, Parametrica Management Ltd purchased a new position in Apollo Commercial Real Est. Finance during the 1st quarter valued at about $79,000. 65.56% of the stock is owned by institutional investors and hedge funds.
Shares of Apollo Commercial Real Est. Finance stock traded down $0.15 during trading on Wednesday, reaching $9.13. The company’s stock had a trading volume of 10,403 shares, compared to its average volume of 1,888,011. The company has a quick ratio of 48.51, a current ratio of 48.51 and a debt-to-equity ratio of 0.44. Apollo Commercial Real Est. Finance has a 52-week low of $4.12 and a 52-week high of $19.76. The firm’s 50-day moving average is $9.29 and its two-hundred day moving average is $10.15. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 116.01 and a beta of 1.21.
About Apollo Commercial Real Est. Finance
Apollo Commercial Real Estate Finance, Inc operates as a real estate investment trust (REIT) that primarily 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 company is qualified as a REIT under the Internal Revenue Code.
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