Apollo Commercial Real Estate Finance (NYSE:ARI) Upgraded at StockNews.com

StockNews.com upgraded shares of Apollo Commercial Real Estate Finance (NYSE:ARI) from a sell rating to a hold rating in a research report released on Tuesday.

ARI has been the topic of a number of other reports. JPMorgan Chase & Co. dropped 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 price objective on Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a “neutral” rating on the stock in a research note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $9.63.

Apollo Commercial Real Estate Finance Stock Up 1.6 %

Shares of ARI opened at $8.80 on Tuesday. The firm has a fifty day moving average price of $9.06 and a 200-day moving average price of $9.62. The company has a current ratio of 46.13, a quick ratio of 46.13 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $1.22 billion, a P/E ratio of -9.57 and a beta of 1.75. Apollo Commercial Real Estate Finance has a 12-month low of $8.52 and a 12-month high of $12.00.

Apollo Commercial Real Estate Finance Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 11.36%. The ex-dividend date is Tuesday, December 31st. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is -108.70%.

Institutional Trading of Apollo Commercial Real Estate Finance

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp lifted its stake in shares of Apollo Commercial Real Estate Finance by 1.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,074,796 shares of the real estate investment trust’s stock worth $10,522,000 after purchasing an additional 19,611 shares during the last quarter. Luxor Capital Group LP bought a new position in Apollo Commercial Real Estate Finance in the second quarter worth about $7,342,000. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Apollo Commercial Real Estate Finance by 1.1% during 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 buying an additional 6,200 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Apollo Commercial Real Estate Finance by 72.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 468,335 shares of the real estate investment trust’s stock valued at $4,304,000 after buying an additional 196,122 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in shares of Apollo Commercial Real Estate Finance by 5.8% in the 2nd quarter. Cetera Investment Advisers now owns 330,228 shares of the real estate investment trust’s stock worth $3,233,000 after buying an additional 18,150 shares during the last quarter. Institutional investors own 54.43% of the company’s stock.

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.