Apollo Commercial Real Estate Finance (NYSE:ARI) Stock Rating Upgraded by StockNews.com

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

A number of other research firms also recently issued reports on ARI. UBS Group dropped their price target 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. JPMorgan Chase & Co. lowered 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. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. 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

Shares of ARI stock opened at $8.66 on Tuesday. The stock’s 50-day moving average is $9.06 and its two-hundred day moving average is $9.63. The company has a debt-to-equity ratio of 0.67, a quick ratio of 46.13 and a current ratio of 46.13. Apollo Commercial Real Estate Finance has a 1 year low of $8.52 and a 1 year high of $12.00. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of -9.41 and a beta of 1.75.

Apollo Commercial Real Estate Finance Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 11.55%. The ex-dividend date of this dividend is Tuesday, December 31st. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is presently -108.70%.

Institutional Trading of Apollo Commercial Real Estate Finance

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its holdings in shares of Apollo Commercial Real Estate Finance by 1.9% in the second quarter. Bank of New York Mellon Corp now owns 1,074,796 shares of the real estate investment trust’s stock valued at $10,522,000 after purchasing an additional 19,611 shares during the period. Commonwealth Equity Services LLC grew its position in Apollo Commercial Real Estate Finance by 8.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 60,500 shares of the real estate investment trust’s stock valued at $592,000 after buying an additional 4,714 shares during the last quarter. Victory Capital Management Inc. grew its position in Apollo Commercial Real Estate Finance by 36.1% in the 2nd quarter. Victory Capital Management Inc. now owns 225,123 shares of the real estate investment trust’s stock valued at $2,204,000 after buying an additional 59,764 shares during the last quarter. Quest Partners LLC increased its stake in 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 valued at $94,000 after buying an additional 9,458 shares during the period. Finally, PFG Investments LLC raised its position in Apollo Commercial Real Estate Finance by 3.4% during the 2nd quarter. PFG Investments LLC now owns 47,232 shares of the real estate investment trust’s stock worth $462,000 after buying an additional 1,550 shares during the last quarter. 54.43% of the stock is owned by hedge funds and other institutional investors.

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.