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

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

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

Institutional Investors Weigh In On Apollo Commercial Real Estate Finance

A number of institutional investors have recently bought and sold shares of the business. Future Financial Wealth Managment LLC purchased a new position in shares of Apollo Commercial Real Estate Finance in the third quarter valued at about $44,000. EverSource Wealth Advisors LLC bought a new position in Apollo Commercial Real Estate Finance in the 2nd quarter worth approximately $59,000. KBC Group NV boosted its stake in Apollo Commercial Real Estate Finance by 57.7% in the 3rd quarter. KBC Group NV now owns 7,002 shares of the real estate investment trust’s stock worth $64,000 after purchasing an additional 2,562 shares during the period. Quest Partners LLC grew its holdings in Apollo Commercial Real Estate Finance by 7,689.4% during the 2nd quarter. Quest Partners LLC now owns 9,581 shares of the real estate investment trust’s stock valued at $94,000 after buying an additional 9,458 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of Apollo Commercial Real Estate Finance during the third quarter valued at approximately $1,130,000. Hedge funds and other institutional investors own 54.43% of the company’s stock.

Apollo Commercial Real Estate Finance Stock Performance

ARI stock opened at $9.04 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 46.13 and a quick ratio of 46.13. Apollo Commercial Real Estate Finance has a 1 year low of $8.52 and a 1 year high of $12.74. The company has a market cap of $1.25 billion, a P/E ratio of -9.83 and a beta of 1.75. The stock’s fifty day moving average price is $9.05 and its 200-day moving average price is $9.68.

Apollo Commercial Real Estate Finance Dividend Announcement

The company 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 $0.25 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.06%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is presently -108.70%.

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.