Apollo Commercial Real Estate Finance (NYSE:ARI) Reaches New 52-Week Low at $9.12

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)’s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $9.12 and last traded at $9.17, with a volume of 102680 shares. The stock had previously closed at $9.18.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Apollo Commercial Real Estate Finance from $9.50 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 16th. BTIG Research began coverage on shares of Apollo Commercial Real Estate Finance in a report on Friday, July 19th. They set a “neutral” rating for the company. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $10.25.

Apollo Commercial Real Estate Finance Trading Down 2.7 %

The company has a market cap of $1.31 billion, a price-to-earnings ratio of -12.09, a price-to-earnings-growth ratio of 2.15 and a beta of 1.76. The company’s fifty day moving average price is $10.20 and its two-hundred day moving average price is $10.34. The company has a quick ratio of 54.21, a current ratio of 54.21 and a debt-to-equity ratio of 0.63.

Apollo Commercial Real Estate Finance Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 10.89%. The ex-dividend date of this dividend is Monday, September 30th. Apollo Commercial Real Estate Finance’s payout ratio is -128.21%.

Insider Activity at Apollo Commercial Real Estate Finance

In related news, Director Scott Prince sold 4,935 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $10.12, for a total value of $49,942.20. Following the completion of the sale, the director now owns 81,154 shares of the company’s stock, valued at $821,278.48. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.68% of the stock is currently owned by company insiders.

Institutional Trading of Apollo Commercial Real Estate Finance

A number of hedge funds and other institutional investors have recently modified their holdings of ARI. AQR Capital Management LLC boosted its stake in Apollo Commercial Real Estate Finance by 1.8% in the second quarter. AQR Capital Management LLC now owns 59,621 shares of the real estate investment trust’s stock valued at $584,000 after acquiring an additional 1,039 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in 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 valued at $644,000 after acquiring an additional 1,100 shares during the last quarter. PFG Investments LLC boosted its stake in 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 acquiring an additional 1,550 shares during the last quarter. SG Americas Securities LLC boosted its stake in Apollo Commercial Real Estate Finance by 10.3% in the first quarter. SG Americas Securities LLC now owns 17,711 shares of the real estate investment trust’s stock valued at $197,000 after acquiring an additional 1,653 shares during the last quarter. Finally, ProShare Advisors LLC boosted its stake in Apollo Commercial Real Estate Finance by 7.5% in the first quarter. ProShare Advisors LLC now owns 28,386 shares of the real estate investment trust’s stock valued at $316,000 after acquiring an additional 1,985 shares during the last quarter. Institutional investors and hedge funds own 54.43% of the company’s stock.

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.