Apollo Commercial Real Estate Finance (NYSE:ARI) Price Target Cut to $9.50 by Analysts at UBS Group

Apollo Commercial Real Estate Finance (NYSE:ARI) had its price objective lowered by UBS Group from $10.00 to $9.50 in a report released on Friday morning,Benzinga reports. UBS Group currently has a neutral rating on the real estate investment trust’s stock.

Several other equities analysts also recently weighed in on the company. StockNews.com downgraded Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. reduced their target price on Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating on the stock in a research report on Thursday, October 17th. Finally, BTIG Research began coverage on Apollo Commercial Real Estate Finance in a research report on Friday, July 19th. They set a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, Apollo Commercial Real Estate Finance currently has a consensus rating of “Hold” and a consensus price target of $9.63.

Apollo Commercial Real Estate Finance Stock Performance

NYSE ARI opened at $9.11 on Friday. The business’s 50-day moving average price is $9.15 and its 200 day moving average price is $9.85. Apollo Commercial Real Estate Finance has a twelve month low of $8.52 and a twelve month high of $12.74. The company has a market capitalization of $1.26 billion, a PE ratio of -9.80 and a beta of 1.75. 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 Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $0.25 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.98%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is -108.69%.

Hedge Funds Weigh In On Apollo Commercial Real Estate Finance

Large investors have recently modified their holdings of the company. Triad Wealth Partners LLC purchased a new position in shares of Apollo Commercial Real Estate Finance in the 2nd quarter worth about $43,000. Future Financial Wealth Managment LLC purchased a new position in shares of Apollo Commercial Real Estate Finance in the 3rd quarter worth about $44,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Apollo Commercial Real Estate Finance during the 2nd quarter valued at about $59,000. KBC Group NV raised its holdings in shares of Apollo Commercial Real Estate Finance by 57.7% during the 3rd quarter. KBC Group NV now owns 7,002 shares of the real estate investment trust’s stock valued at $64,000 after buying an additional 2,562 shares during the period. Finally, Quest Partners LLC raised its holdings in shares of Apollo Commercial Real Estate Finance by 7,689.4% during the 2nd quarter. Quest Partners LLC now owns 9,581 shares of the real estate investment trust’s stock valued at $94,000 after buying an additional 9,458 shares during the period. 54.43% of the stock is currently owned by hedge funds and other institutional investors.

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.