Apollo Commercial Real Estate Finance (NYSE:ARI) Hits New 12-Month Low – Here’s What Happened

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)’s stock price reached a new 52-week low on Friday . The stock traded as low as $8.52 and last traded at $8.54, with a volume of 77830 shares trading hands. The stock had previously closed at $8.78.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ARI shares. StockNews.com raised shares of Apollo Commercial Real Estate Finance from a “sell” rating to a “hold” rating in a report on Tuesday, December 31st. UBS Group dropped their target price on Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a “neutral” rating on the stock in a research report on Friday, November 15th. Finally, JPMorgan Chase & Co. reduced their price target on Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating for the company in a report on Thursday, October 17th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $9.63.

Apollo Commercial Real Estate Finance Stock Performance

The company has a current ratio of 46.13, a quick ratio of 46.13 and a debt-to-equity ratio of 0.67. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of -9.30 and a beta of 1.74. The firm’s 50-day moving average is $9.05 and its two-hundred day moving average is $9.56.

Apollo Commercial Real Estate Finance Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.25 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 11.68%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is presently -108.70%.

Institutional Investors Weigh In On Apollo Commercial Real Estate Finance

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Luxor Capital Group LP acquired a new position in Apollo Commercial Real Estate Finance during the second quarter worth about $7,342,000. Advisors Asset Management Inc. grew its position in shares of Apollo Commercial Real Estate Finance by 72.0% in the third quarter. Advisors Asset Management Inc. now owns 468,335 shares of the real estate investment trust’s stock valued at $4,304,000 after purchasing an additional 196,122 shares in the last quarter. Jane Street Group LLC increased its holdings 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 valued at $2,779,000 after purchasing an additional 176,101 shares during the last quarter. Barclays PLC lifted its position in Apollo Commercial Real Estate Finance by 65.9% during the third quarter. Barclays PLC now owns 329,462 shares of the real estate investment trust’s stock worth $3,028,000 after buying an additional 130,892 shares in the last quarter. Finally, Quest Partners LLC grew its holdings in Apollo Commercial Real Estate Finance by 960.9% in the 3rd quarter. Quest Partners LLC now owns 101,641 shares of the real estate investment trust’s stock valued at $934,000 after buying an additional 92,060 shares in the last quarter. Institutional investors and hedge funds 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.