Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Receives $9.63 Consensus Target Price from Brokerages

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

Several research analysts recently issued reports on the company. StockNews.com raised Apollo Commercial Real Estate Finance from a “sell” rating to a “hold” rating in a research report on Tuesday, December 31st. JPMorgan Chase & Co. cut their price objective on shares of Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating on the stock in a report on Thursday, October 17th. Finally, UBS Group lowered their target price on shares of Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a “neutral” rating for the company in a research note on Friday, November 15th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Barclays PLC increased its position in shares of Apollo Commercial Real Estate Finance by 65.9% in the third quarter. Barclays PLC now owns 329,462 shares of the real estate investment trust’s stock valued at $3,028,000 after buying an additional 130,892 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its holdings in Apollo Commercial Real Estate Finance by 619.3% during the third quarter. Y Intercept Hong Kong Ltd now owns 87,163 shares of the real estate investment trust’s stock valued at $801,000 after purchasing an additional 75,046 shares in the last quarter. Jane Street Group LLC grew its position in shares of Apollo Commercial Real Estate Finance by 139.4% in the third quarter. Jane Street Group LLC now owns 302,388 shares of the real estate investment trust’s stock valued at $2,779,000 after purchasing an additional 176,101 shares during the period. Hotchkis & Wiley Capital Management LLC grew its position in shares of Apollo Commercial Real Estate Finance by 1.1% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 578,210 shares of the real estate investment trust’s stock valued at $5,314,000 after purchasing an additional 6,200 shares during the period. Finally, Paloma Partners Management Co purchased a new stake in shares of Apollo Commercial Real Estate Finance during the third quarter worth about $143,000. 54.43% of the stock is owned by institutional investors and hedge funds.

Apollo Commercial Real Estate Finance Price Performance

NYSE ARI opened at $8.56 on Thursday. The firm’s fifty day simple moving average is $9.05 and its two-hundred day simple moving average is $9.56. The firm has a market capitalization of $1.18 billion, a P/E ratio of -9.30 and a beta of 1.74. The company has a current ratio of 46.13, a quick ratio of 46.13 and a debt-to-equity ratio of 0.67. Apollo Commercial Real Estate Finance has a 12-month low of $8.48 and a 12-month high of $12.00.

Apollo Commercial Real Estate Finance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 11.68%. The ex-dividend date is Tuesday, December 31st. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is currently -108.70%.

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.