Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Given Average Recommendation of “Reduce” by Brokerages

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) has been given a consensus recommendation of “Reduce” by the five research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $9.63.

Several equities analysts have issued reports on the company. StockNews.com raised Apollo Commercial Real Estate Finance from a “sell” rating to a “hold” rating in a research note on Tuesday, December 31st. JPMorgan Chase & Co. cut 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 note on Thursday, October 17th. Finally, UBS Group decreased their price target on shares of 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.

Apollo Commercial Real Estate Finance Stock Performance

ARI stock opened at $8.80 on Thursday. The firm has a market cap of $1.22 billion, a PE ratio of -9.57 and a beta of 1.74. The company has a current ratio of 46.13, a quick ratio of 46.13 and a debt-to-equity ratio of 0.67. The stock has a 50-day moving average price of $9.06 and a 200-day moving average price of $9.58. Apollo Commercial Real Estate Finance has a 1-year low of $8.52 and a 1-year high of $12.00.

Apollo Commercial Real Estate Finance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.36%. The ex-dividend date is Tuesday, December 31st. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is -108.70%.

Institutional Trading of Apollo Commercial Real Estate Finance

Several institutional investors and hedge funds have recently modified their holdings of the stock. Commonwealth Equity Services LLC raised its position in Apollo Commercial Real Estate Finance by 8.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 60,500 shares of the real estate investment trust’s stock valued at $592,000 after buying an additional 4,714 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Apollo Commercial Real Estate Finance by 36.1% in the second quarter. Victory Capital Management Inc. now owns 225,123 shares of the real estate investment trust’s stock valued at $2,204,000 after purchasing an additional 59,764 shares during the last quarter. Quest Partners LLC lifted its position in shares of Apollo Commercial Real Estate Finance by 7,689.4% during the second quarter. Quest Partners LLC now owns 9,581 shares of the real estate investment trust’s stock valued at $94,000 after purchasing an additional 9,458 shares in the last quarter. PFG Investments LLC grew its position in Apollo Commercial Real Estate Finance by 3.4% in the 2nd quarter. PFG Investments LLC now owns 47,232 shares of the real estate investment trust’s stock worth $462,000 after purchasing an additional 1,550 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Apollo Commercial Real Estate Finance by 8.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 281,902 shares of the real estate investment trust’s stock valued at $2,760,000 after buying an additional 20,801 shares during the last quarter. 54.43% of the stock is owned by hedge funds and other institutional investors.

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.