Apollo Commercial Real Est. Finance Inc (ARI) reported quarterly earnings results on Tuesday, Apr-26-2016. The company said it had a profit of $0.51 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.49. The company posted revenue of $46.80 million in the period, compared to analysts expectations of $45.42 million. The company’s revenue was up 63.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS.
Many Wall Street Analysts have commented on Apollo Commercial Real Est. Finance Inc. Apollo Commercial Real Est. Finance Inc was Downgraded by Wells Fargo to ” Underperform” on Apr 11, 2016.
Apollo Commercial Real Est. Finance Inc opened for trading at $15.71 and hit $15.79 on the upside on Friday, eventually ending the session at $15.7, with a gain of 0.45% or 0.07 points. The heightened volatility saw the trading volume jump to 6,83,221 shares. Company has a market cap of $1,058 M.
In a different news, on Jan 5, 2016, Stuart Rothstein (President & CEO) sold 10,000 shares at $17.01 per share price. According to the SEC, on Aug 26, 2015, Eric Press (director) purchased 66,875 shares at $14.39 per share price. On Mar 11, 2015, Michael Salvati (director) purchased 5,000 shares at $16.76 per share price, according to the Form-4 filing with the securities and exchange commission.
Apollo Commercial Real Estate Finance Inc. is a real estate investment trust (REIT). The Company is focused primarily on originating investing in acquiring and managing performing commercial first mortgage loans subordinate financings commercial mortgage-backed securities (CMBS) and other commercial real estate-related debt investments. The Company’s principal business objective is to make investments in its target assets in order to provide attractive risk adjusted returns to its stockholders over the long term primarily through dividends and secondarily through capital appreciation. The Company is externally managed and advised by ACREFI Management LLC an indirect subsidiary of Apollo Global Management LLC.