Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Given Average Rating of “Reduce” by Analysts

Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) have been given an average recommendation of “Reduce” by the five ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $9.31.

ARI has been the subject of a number of recent research reports. UBS Group reduced their price objective 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. Keefe, Bruyette & Woods reduced their price target on shares of Apollo Commercial Real Estate Finance from $9.00 to $8.75 and set a “market perform” rating for the company in a research report on Tuesday. StockNews.com downgraded shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a report on Monday. Finally, JPMorgan Chase & Co. lowered their price target on shares of Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating for the company in a research note on Thursday, October 17th.

Institutional Investors Weigh In On Apollo Commercial Real Estate Finance

A number of institutional investors and hedge funds have recently bought and sold shares of ARI. Future Financial Wealth Managment LLC purchased a new position in Apollo Commercial Real Estate Finance in the third quarter worth about $44,000. EverSource Wealth Advisors LLC bought a new stake in shares of Apollo Commercial Real Estate Finance during the second quarter valued at approximately $59,000. KBC Group NV raised its stake in Apollo Commercial Real Estate Finance by 57.7% in the third 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 in the last quarter. Quest Partners LLC raised its stake in Apollo Commercial Real Estate Finance by 7,689.4% in the second quarter. Quest Partners LLC now owns 9,581 shares of the real estate investment trust’s stock worth $94,000 after buying an additional 9,458 shares in the last quarter. Finally, Algert Global LLC bought a new position in Apollo Commercial Real Estate Finance in the second quarter worth approximately $133,000. 54.43% of the stock is owned by institutional investors.

Apollo Commercial Real Estate Finance Price Performance

Apollo Commercial Real Estate Finance stock opened at $8.92 on Thursday. Apollo Commercial Real Estate Finance has a 52 week low of $8.44 and a 52 week high of $11.97. The company’s 50 day moving average price is $9.04 and its two-hundred day moving average price is $9.53. The company has a quick ratio of 46.13, a current ratio of 46.13 and a debt-to-equity ratio of 0.67. The stock has a market cap of $1.23 billion, a P/E ratio of -9.70 and a beta of 1.74.

Apollo Commercial Real Estate Finance Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.25 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a yield of 11.21%. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently -108.70%.

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.