Brokerages Set Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) PT at $9.63

Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) have been assigned a consensus recommendation of “Reduce” from the five ratings firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $9.63.

A number of research firms have issued reports on ARI. StockNews.com cut shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a report on Monday. 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. Finally, JPMorgan Chase & Co. reduced 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.

Institutional Investors Weigh In On Apollo Commercial Real Estate Finance

Several hedge funds have recently bought and sold shares of ARI. Barclays PLC lifted its stake in shares of Apollo Commercial Real Estate Finance by 65.9% in the 3rd quarter. Barclays PLC now owns 329,462 shares of the real estate investment trust’s stock valued at $3,028,000 after purchasing an additional 130,892 shares during the period. Y Intercept Hong Kong Ltd increased its holdings in Apollo Commercial Real Estate Finance by 619.3% in the third quarter. Y Intercept Hong Kong Ltd now owns 87,163 shares of the real estate investment trust’s stock valued at $801,000 after buying an additional 75,046 shares in the last quarter. Jane Street Group LLC raised its position in shares of Apollo Commercial Real Estate Finance by 139.4% in the third quarter. Jane Street Group LLC now owns 302,388 shares of the real estate investment trust’s stock worth $2,779,000 after acquiring an additional 176,101 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Apollo Commercial Real Estate Finance by 1.1% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 578,210 shares of the real estate investment trust’s stock worth $5,314,000 after acquiring an additional 6,200 shares in the last quarter. Finally, Paloma Partners Management Co purchased a new stake in shares of Apollo Commercial Real Estate Finance during the 3rd quarter worth about $143,000. Hedge funds and other institutional investors own 54.43% of the company’s stock.

Apollo Commercial Real Estate Finance Stock Performance

ARI opened at $8.64 on Thursday. The company has a market cap of $1.19 billion, a P/E ratio of -9.39 and a beta of 1.74. 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 firm’s 50-day moving average price is $9.05 and its 200-day moving average price is $9.55. Apollo Commercial Real Estate Finance has a 52-week low of $8.44 and a 52-week high of $11.97.

Apollo Commercial Real Estate Finance Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.57%. Apollo Commercial Real Estate Finance’s 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.