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

Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) have been assigned a consensus rating of “Reduce” from the five ratings firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $9.88.

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. dropped their price objective on 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. BTIG Research began coverage on shares of Apollo Commercial Real Estate Finance in a report on Friday, July 19th. They issued a “neutral” rating on the stock.

Apollo Commercial Real Estate Finance Trading Down 1.2 %

NYSE ARI opened at $8.79 on Friday. The firm has a market cap of $1.22 billion, a PE ratio of -9.55, a price-to-earnings-growth ratio of 1.47 and a beta of 1.75. Apollo Commercial Real Estate Finance has a 1-year low of $8.52 and a 1-year high of $12.74. The stock has a 50-day moving average of $9.45 and a 200-day moving average of $9.97. The company has a current ratio of 54.21, a quick ratio of 54.21 and a debt-to-equity ratio of 0.63.

Apollo Commercial Real Estate Finance Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 11.38%. The ex-dividend date of this dividend was Monday, September 30th. Apollo Commercial Real Estate Finance’s payout ratio is -108.69%.

Insider Buying and Selling at Apollo Commercial Real Estate Finance

In related news, Director Scott Prince sold 4,935 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $10.12, for a total value of $49,942.20. Following the transaction, the director now directly owns 81,154 shares of the company’s stock, valued at approximately $821,278.48. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.68% of the company’s stock.

Hedge Funds Weigh In On Apollo Commercial Real Estate Finance

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Triad Wealth Partners LLC bought a new stake in Apollo Commercial Real Estate Finance in the 2nd quarter worth approximately $43,000. Future Financial Wealth Managment LLC purchased a new stake in Apollo Commercial Real Estate Finance during the third quarter valued at $44,000. EverSource Wealth Advisors LLC bought a new position in Apollo Commercial Real Estate Finance in the second quarter valued at about $59,000. Quest Partners LLC boosted its position 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 purchasing an additional 9,458 shares during the last quarter. Finally, Hollencrest Capital Management grew its stake in shares of Apollo Commercial Real Estate Finance by 100.0% during the 1st quarter. Hollencrest Capital Management now owns 10,000 shares of the real estate investment trust’s stock valued at $111,000 after purchasing an additional 5,000 shares during the period. Institutional investors 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.