Apollo Commercial Real Estate Finance (NYSE:ARI) Sets New 1-Year Low – What’s Next?

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $8.73 and last traded at $8.77, with a volume of 283759 shares changing hands. The stock had previously closed at $8.89.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. BTIG Research initiated coverage on shares of Apollo Commercial Real Estate Finance in a report on Friday, July 19th. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. raised their target price on Apollo Commercial Real Estate Finance from $9.50 to $10.00 and gave the company a “neutral” rating in a report on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $10.25.

Apollo Commercial Real Estate Finance Stock Down 1.0 %

The company has a current ratio of 54.21, a quick ratio of 54.21 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $1.23 billion, a P/E ratio of -11.22, a P/E/G ratio of 2.15 and a beta of 1.75. The stock’s 50-day simple moving average is $9.93 and its 200-day simple moving average is $10.22.

Apollo Commercial Real Estate Finance Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 11.56%. The ex-dividend date of this dividend is Monday, September 30th. Apollo Commercial Real Estate Finance’s dividend payout ratio is presently -128.21%.

Insider Buying and Selling

In other Apollo Commercial Real Estate Finance news, Director Scott Prince sold 4,935 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $10.12, for a total value of $49,942.20. Following the completion of the transaction, the director now owns 81,154 shares in the company, valued at $821,278.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.68% of the stock is currently owned by corporate insiders.

Institutional Trading of Apollo Commercial Real Estate Finance

Large investors have recently bought and sold shares of the company. AQR Capital Management LLC increased its holdings in Apollo Commercial Real Estate Finance by 1.8% in the 2nd quarter. AQR Capital Management LLC now owns 59,621 shares of the real estate investment trust’s stock worth $584,000 after acquiring an additional 1,039 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of Apollo Commercial Real Estate Finance by 1.7% in the second quarter. Louisiana State Employees Retirement System now owns 65,800 shares of the real estate investment trust’s stock worth $644,000 after acquiring an additional 1,100 shares during the period. PFG Investments LLC grew its position in shares of Apollo Commercial Real Estate Finance by 3.4% in the second quarter. PFG Investments LLC now owns 47,232 shares of the real estate investment trust’s stock valued at $462,000 after purchasing an additional 1,550 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Apollo Commercial Real Estate Finance by 10.3% during the 1st quarter. SG Americas Securities LLC now owns 17,711 shares of the real estate investment trust’s stock valued at $197,000 after purchasing an additional 1,653 shares during the period. Finally, ProShare Advisors LLC raised its stake in shares of Apollo Commercial Real Estate Finance by 7.5% during the 1st quarter. ProShare Advisors LLC now owns 28,386 shares of the real estate investment trust’s stock valued at $316,000 after purchasing an additional 1,985 shares during the period. 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.