StockNews.com Upgrades Apollo Commercial Real Estate Finance (NYSE:ARI) to Hold

StockNews.com upgraded shares of Apollo Commercial Real Estate Finance (NYSE:ARI) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

ARI has been the subject of a number of other research reports. Keefe, Bruyette & Woods reduced their price objective on Apollo Commercial Real Estate Finance from $9.00 to $8.75 and set a “market perform” rating for the company in a research report on Tuesday, January 14th. UBS Group reduced their price objective on Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a “neutral” rating for the company in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Apollo Commercial Real Estate Finance has an average rating of “Hold” and an average price target of $9.31.

Apollo Commercial Real Estate Finance Stock Performance

ARI opened at $10.10 on Friday. The firm has a market capitalization of $1.40 billion, a P/E ratio of -10.97 and a beta of 1.74. The stock’s 50 day moving average price is $9.06 and its two-hundred day moving average price is $9.33. The company has a quick ratio of 46.13, a current ratio of 46.13 and a debt-to-equity ratio of 0.67. Apollo Commercial Real Estate Finance has a 12-month low of $8.44 and a 12-month high of $11.64.

Apollo Commercial Real Estate Finance (NYSE:ARI) last released its earnings results on Monday, February 10th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.07. Apollo Commercial Real Estate Finance had a positive return on equity of 9.11% and a negative net margin of 35.84%. On average, equities analysts forecast that Apollo Commercial Real Estate Finance will post 0.2 earnings per share for the current year.

Apollo Commercial Real Estate Finance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.25 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 9.91%. Apollo Commercial Real Estate Finance’s payout ratio is -105.26%.

Hedge Funds Weigh In On Apollo Commercial Real Estate Finance

Several institutional investors have recently bought and sold shares of the business. Everence Capital Management Inc. increased its stake in shares of Apollo Commercial Real Estate Finance by 17.2% in the 3rd quarter. Everence Capital Management Inc. now owns 24,020 shares of the real estate investment trust’s stock valued at $221,000 after buying an additional 3,530 shares during the period. Private Advisor Group LLC increased its stake in shares of Apollo Commercial Real Estate Finance by 9.0% in the 3rd quarter. Private Advisor Group LLC now owns 28,872 shares of the real estate investment trust’s stock valued at $265,000 after buying an additional 2,382 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Apollo Commercial Real Estate Finance in the 3rd quarter valued at $1,130,000. PFG Investments LLC increased its stake in shares of Apollo Commercial Real Estate Finance by 2.9% in the 3rd quarter. PFG Investments LLC now owns 48,584 shares of the real estate investment trust’s stock valued at $446,000 after buying an additional 1,352 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Apollo Commercial Real Estate Finance by 46.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 42,224 shares of the real estate investment trust’s stock valued at $388,000 after buying an additional 13,348 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.