Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Receives Consensus Rating of “Reduce” from Brokerages

Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) have earned an average rating of “Reduce” from the five brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $9.63.

A number of research analysts have weighed in on the company. StockNews.com lowered Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a report on Monday, November 4th. JPMorgan Chase & Co. reduced their price objective on shares of Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating for the company in a research note on Thursday, October 17th. Finally, UBS Group lowered their target price on shares of Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a “neutral” rating on the stock in a research note on Friday, November 15th.

Apollo Commercial Real Estate Finance Price Performance

ARI opened at $9.16 on Friday. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of -9.96 and a beta of 1.75. The company has a quick ratio of 46.13, a current ratio of 46.13 and a debt-to-equity ratio of 0.67. The firm has a 50-day moving average price of $9.02 and a 200-day moving average price of $9.72. Apollo Commercial Real Estate Finance has a twelve month low of $8.52 and a twelve month high of $12.74.

Apollo Commercial Real Estate Finance Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.92%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is currently -108.70%.

Institutional Trading of Apollo Commercial Real Estate Finance

Several hedge funds and other institutional investors have recently bought and sold shares of ARI. AQR Capital Management LLC raised its stake in shares of Apollo Commercial Real Estate Finance by 1.8% during the second quarter. AQR Capital Management LLC now owns 59,621 shares of the real estate investment trust’s stock valued at $584,000 after acquiring an additional 1,039 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in Apollo Commercial Real Estate Finance by 1.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 65,800 shares of the real estate investment trust’s stock valued at $644,000 after purchasing an additional 1,100 shares during the period. PFG Investments LLC raised its position in Apollo Commercial Real Estate Finance by 2.9% during the 3rd quarter. PFG Investments LLC now owns 48,584 shares of the real estate investment trust’s stock valued at $446,000 after purchasing an additional 1,352 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in Apollo Commercial Real Estate Finance by 2.2% in the 3rd quarter. QRG Capital Management Inc. now owns 67,502 shares of the real estate investment trust’s stock worth $620,000 after buying an additional 1,456 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in Apollo Commercial Real Estate Finance by 3.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 70,256 shares of the real estate investment trust’s stock worth $688,000 after buying an additional 2,037 shares during the period. Institutional investors own 54.43% of the company’s stock.

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.