Apollo Commercial Real Estat (NYSE:ARI) Announces Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Apollo Commercial Real Estat (NYSE:ARI) announced its earnings results on Wednesday, May 2nd. The real estate investment trust reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.02), Briefing.com reports. The business had revenue of $63.20 million during the quarter, compared to the consensus estimate of $66.38 million. Apollo Commercial Real Estat had a return on equity of 9.80% and a net margin of 73.47%. Apollo Commercial Real Estat’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.41 earnings per share.

Apollo Commercial Real Estat opened at $18.35 on Friday, according to MarketBeat Ratings. Apollo Commercial Real Estat has a 12-month low of $18.30 and a 12-month high of $18.37. The company has a debt-to-equity ratio of 0.25, a current ratio of 42.65 and a quick ratio of 42.65. The stock has a market capitalization of $2.26 billion, a PE ratio of 10.81 and a beta of 0.49.

ARI has been the topic of a number of research analyst reports. ValuEngine lowered Apollo Commercial Real Estat from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 7th. UBS initiated coverage on Apollo Commercial Real Estat in a research note on Tuesday, March 27th. They issued a “market perform” rating on the stock. Raymond James initiated coverage on Apollo Commercial Real Estat in a research note on Tuesday, March 27th. They issued a “market perform” rating on the stock. Finally, Zacks Investment Research lowered Apollo Commercial Real Estat from a “hold” rating to a “sell” rating in a research note on Tuesday, April 10th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Apollo Commercial Real Estat has an average rating of “Hold” and an average price target of $19.00.

In other news, CEO Stuart Rothstein sold 13,654 shares of the company’s stock in a transaction dated Monday, April 16th. The stock was sold at an average price of $17.85, for a total value of $243,723.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Salvati sold 5,659 shares of the company’s stock in a transaction dated Monday, March 26th. The stock was sold at an average price of $18.25, for a total value of $103,276.75. The disclosure for this sale can be found here. Insiders sold a total of 29,313 shares of company stock valued at $532,501 over the last quarter. Company insiders own 0.62% of the company’s stock.

Apollo Commercial Real Estat 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.

Earnings History for Apollo Commercial Real Estat (NYSE:ARI)

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