Apollo Commercial Real Estate Finance (NYSE:ARI) Lowered to Sell Rating by StockNews.com

StockNews.com cut shares of Apollo Commercial Real Estate Finance (NYSE:ARI) from a hold rating to a sell rating in a research note published on Monday morning.

Several other brokerages also recently weighed in on ARI. JPMorgan Chase & Co. reduced their target price 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. UBS Group dropped their target price 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. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $9.63.

Apollo Commercial Real Estate Finance Stock Performance

NYSE ARI opened at $8.64 on Monday. The business’s 50 day moving average price is $9.05 and its 200-day moving average price is $9.55. Apollo Commercial Real Estate Finance has a fifty-two week low of $8.44 and a fifty-two week high of $11.97. The company has a market cap of $1.19 billion, a P/E ratio of -9.39 and a beta of 1.74. The company has a debt-to-equity ratio of 0.67, a quick ratio of 46.13 and a current ratio of 46.13.

Apollo Commercial Real Estate Finance Announces Dividend

The company 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 $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 11.57%. Apollo Commercial Real Estate Finance’s payout ratio is -108.70%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ARI. Future Financial Wealth Managment LLC purchased a new position in shares of Apollo Commercial Real Estate Finance during the third quarter valued at $44,000. EverSource Wealth Advisors LLC purchased a new position in Apollo Commercial Real Estate Finance during the 2nd quarter valued at about $59,000. KBC Group NV increased 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 valued at $64,000 after purchasing an additional 2,562 shares during the period. Quest Partners LLC lifted its position 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 purchasing an additional 9,458 shares during the period. Finally, Algert Global LLC purchased a new position in Apollo Commercial Real Estate Finance during the second quarter valued at approximately $133,000. 54.43% of the stock is currently owned by hedge funds and other institutional investors.

About Apollo Commercial Real Estate Finance

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.