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

Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) have been given an average recommendation of “Reduce” by the five research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $9.63.

A number of research analysts have recently commented on the stock. StockNews.com cut shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a report on Monday, November 4th. JPMorgan Chase & Co. reduced 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 report on Thursday, October 17th. Finally, UBS Group lowered their price target on Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a “neutral” rating for the company in a report on Friday, November 15th.

Apollo Commercial Real Estate Finance Stock Performance

Shares of Apollo Commercial Real Estate Finance stock opened at $9.27 on Wednesday. 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’s fifty day moving average is $9.07 and its two-hundred day moving average is $9.82. Apollo Commercial Real Estate Finance has a 52 week low of $8.52 and a 52 week high of $12.74. The company has a market capitalization of $1.28 billion, a PE ratio of -10.04 and a beta of 1.75.

Apollo Commercial Real Estate Finance Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 10.79%. The ex-dividend date was Monday, September 30th. Apollo Commercial Real Estate Finance’s payout ratio is -108.69%.

Institutional Trading of Apollo Commercial Real Estate Finance

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Triad Wealth Partners LLC purchased a new stake in shares of Apollo Commercial Real Estate Finance during the 2nd quarter worth $43,000. Future Financial Wealth Managment LLC bought a new position in Apollo Commercial Real Estate Finance in the third quarter worth about $44,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Apollo Commercial Real Estate Finance during the second quarter valued at about $59,000. KBC Group NV boosted its holdings in shares of Apollo Commercial Real Estate Finance by 57.7% in 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 in the last quarter. Finally, Quest Partners LLC grew its position in shares of Apollo Commercial Real Estate Finance by 7,689.4% in the 2nd 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 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.