Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Receives $9.63 Consensus PT from Analysts

Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) have received a consensus rating of “Reduce” from the five brokerages that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $9.63.

ARI has been the topic of several research reports. 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. StockNews.com downgraded Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. cut their price target on 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.

Apollo Commercial Real Estate Finance Price Performance

Shares of NYSE:ARI opened at $9.06 on Friday. Apollo Commercial Real Estate Finance has a 12 month low of $8.52 and a 12 month high of $12.74. The firm has a market capitalization of $1.25 billion, a P/E ratio of -9.85 and a beta of 1.75. 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 company’s fifty day moving average price is $9.03 and its 200 day moving average price is $9.71.

Apollo Commercial Real Estate Finance Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.04%. The ex-dividend date of this dividend is Tuesday, December 31st. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently -108.70%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Future Financial Wealth Managment LLC purchased a new stake in shares of Apollo Commercial Real Estate Finance during the third quarter worth approximately $44,000. EverSource Wealth Advisors LLC acquired a new position in Apollo Commercial Real Estate Finance in the 2nd quarter valued at $59,000. KBC Group NV raised its position in Apollo Commercial Real Estate Finance by 57.7% during the 3rd quarter. KBC Group NV now owns 7,002 shares of the real estate investment trust’s stock worth $64,000 after buying an additional 2,562 shares during the last quarter. Quest Partners LLC lifted its stake in shares of Apollo Commercial Real Estate Finance by 7,689.4% in the 2nd quarter. Quest Partners LLC now owns 9,581 shares of the real estate investment trust’s stock worth $94,000 after acquiring an additional 9,458 shares during the period. Finally, Algert Global LLC acquired a new stake in shares of Apollo Commercial Real Estate Finance in the 2nd quarter worth $133,000. 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.