Apollo Commercial Real Estate Finance (NYSE:ARI) Price Target Cut to $8.75 by Analysts at Keefe, Bruyette & Woods

Apollo Commercial Real Estate Finance (NYSE:ARI) had its price objective reduced by Keefe, Bruyette & Woods from $9.00 to $8.75 in a research note published on Tuesday morning,Benzinga reports. They currently have a market perform rating on the real estate investment trust’s stock.

A number of other research analysts also recently commented on the company. UBS Group dropped their price objective on Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a “neutral” rating on the stock in a report on Friday, November 15th. JPMorgan Chase & Co. dropped their price target 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, StockNews.com downgraded shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a research report on Monday. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $9.31.

Apollo Commercial Real Estate Finance Stock Performance

NYSE:ARI opened at $8.85 on Tuesday. Apollo Commercial Real Estate Finance has a 12 month low of $8.44 and a 12 month high of $11.97. The company has a debt-to-equity ratio of 0.67, a current ratio of 46.13 and a quick ratio of 46.13. The firm has a market capitalization of $1.22 billion, a PE ratio of -9.62 and a beta of 1.74. The business’s fifty day moving average price is $9.04 and its 200 day moving average price is $9.54.

Apollo Commercial Real Estate Finance Announces Dividend

The company 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 yield of 11.30%. The ex-dividend date of this dividend is Tuesday, December 31st. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently -108.70%.

Hedge Funds Weigh In On Apollo Commercial Real Estate Finance

A number of hedge funds have recently modified their holdings of ARI. Barclays PLC raised its position in Apollo Commercial Real Estate Finance by 65.9% in the 3rd quarter. Barclays PLC now owns 329,462 shares of the real estate investment trust’s stock valued at $3,028,000 after purchasing an additional 130,892 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its stake in shares of Apollo Commercial Real Estate Finance by 619.3% during the third quarter. Y Intercept Hong Kong Ltd now owns 87,163 shares of the real estate investment trust’s stock worth $801,000 after buying an additional 75,046 shares during the period. Jane Street Group LLC grew its holdings in shares of Apollo Commercial Real Estate Finance by 139.4% during the third quarter. Jane Street Group LLC now owns 302,388 shares of the real estate investment trust’s stock worth $2,779,000 after buying an additional 176,101 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in Apollo Commercial Real Estate Finance by 1.1% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 578,210 shares of the real estate investment trust’s stock valued at $5,314,000 after acquiring an additional 6,200 shares during the period. Finally, Paloma Partners Management Co acquired a new stake in Apollo Commercial Real Estate Finance during the 3rd quarter worth approximately $143,000. 54.43% of the stock is currently 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.