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

Apollo Commercial Real Estate Finance (NYSE:ARI) announced its earnings results on Monday. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, topping 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 NYSE:ARI opened at $9.10 on Tuesday. The stock has a market capitalization of $1.26 billion, a P/E 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 stock has a 50-day simple moving average of $8.97 and a 200-day simple moving average of $9.36. 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. Shareholders of record on Tuesday, December 31st were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 11.00%. The ex-dividend date was Tuesday, December 31st. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is -108.69%.

Analyst Ratings Changes

A number of research firms recently weighed in on ARI. Keefe, Bruyette & Woods lowered their price objective on shares of Apollo Commercial Real Estate Finance from $9.00 to $8.75 and set a “market perform” rating on the stock in a research report on Tuesday, January 14th. JPMorgan Chase & Co. decreased their target price on shares of Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating on the stock in a research report on Thursday, October 17th. UBS Group cut their price target on 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. 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 given a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $9.31.

Apollo Commercial Real Estate Finance Company Profile

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.