Wall Street analysts expect Apollo Commercial Real Est. Finance Inc (NYSE:ARI) to announce sales of $81.62 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Apollo Commercial Real Est. Finance’s earnings. The lowest sales estimate is $80.53 million and the highest is $82.70 million. Apollo Commercial Real Est. Finance posted sales of $70.78 million in the same quarter last year, which suggests a positive year-over-year growth rate of 15.3%. The business is scheduled to issue its next earnings results on Wednesday, July 24th.

On average, analysts expect that Apollo Commercial Real Est. Finance will report full-year sales of $333.69 million for the current year, with estimates ranging from $333.67 million to $333.70 million. For the next year, analysts anticipate that the company will post sales of $357.88 million, with estimates ranging from $354.50 million to $361.26 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that that provide coverage for Apollo Commercial Real Est. Finance.

Apollo Commercial Real Est. Finance (NYSE:ARI) last issued its earnings results on Wednesday, April 24th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.04. Apollo Commercial Real Est. Finance had a return on equity of 10.47% and a net margin of 77.15%. The business had revenue of $82.83 million during the quarter, compared to analysts’ expectations of $79.70 million. During the same quarter in the previous year, the business earned $0.43 EPS. The company’s revenue for the quarter was up 31.0% on a year-over-year basis.

Several brokerages have recently weighed in on ARI. Zacks Investment Research raised Apollo Commercial Real Est. Finance from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. Deutsche Bank cut Apollo Commercial Real Est. Finance from a “buy” rating to a “hold” rating in a report on Thursday, February 14th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $19.33.

In related news, CEO Stuart Rothstein sold 24,707 shares of Apollo Commercial Real Est. Finance stock in a transaction on Monday, April 15th. The shares were sold at an average price of $18.52, for a total transaction of $457,573.64. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.65% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Marshall Wace North America L.P. bought a new position in Apollo Commercial Real Est. Finance during the 1st quarter valued at $25,000. Marshall Wace LLP bought a new position in Apollo Commercial Real Est. Finance during the 1st quarter valued at $989,000. Zebra Capital Management LLC bought a new position in shares of Apollo Commercial Real Est. Finance during the first quarter worth about $224,000. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Apollo Commercial Real Est. Finance by 7.2% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 36,564 shares of the real estate investment trust’s stock worth $665,000 after purchasing an additional 2,444 shares during the last quarter. Finally, M&T Bank Corp lifted its position in shares of Apollo Commercial Real Est. Finance by 29.1% during the first quarter. M&T Bank Corp now owns 15,745 shares of the real estate investment trust’s stock worth $286,000 after purchasing an additional 3,549 shares during the last quarter. 59.39% of the stock is owned by hedge funds and other institutional investors.

ARI traded up $0.19 during trading on Wednesday, hitting $18.57. 1,055,449 shares of the company’s stock were exchanged, compared to its average volume of 1,208,309. The company has a quick ratio of 44.92, a current ratio of 44.92 and a debt-to-equity ratio of 0.22. Apollo Commercial Real Est. Finance has a 1 year low of $16.41 and a 1 year high of $19.57. The company has a market cap of $2.82 billion, a P/E ratio of 11.11 and a beta of 0.63.

Apollo Commercial Real Est. Finance Company Profile

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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