Apollo Commercial Real Estate Finance (NYSE:ARI) released its quarterly earnings data on Wednesday. The real estate investment trust reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.05, Bloomberg Earnings reports. Apollo Commercial Real Estate Finance had a net margin of 86.07% and a return on equity of 10.32%. The business had revenue of $71.24 million during the quarter, compared to analyst estimates of $66.40 million. During the same quarter last year, the business earned $0.45 earnings per share. Apollo Commercial Real Estate Finance’s quarterly revenue was up 33.6% compared to the same quarter last year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were issued a $0.46 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.84 annualized dividend and a dividend yield of 10.05%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is presently 100.55%.

Several research firms have commented on ARI. Royal Bank Of Canada reiterated 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. Zacks Investment Research upgraded shares of Apollo Commercial Real Estate Finance from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, BidaskClub lowered shares of Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Apollo Commercial Real Estate Finance presently has a consensus rating of “Hold” and an average target price of $19.33.

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Apollo Commercial Real Estate Finance Company Profile

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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