Apollo Commercial Real Estate Finance (NYSE:ARI) Price Target Cut to $10.00 by Analysts at Keefe, Bruyette & Woods

Apollo Commercial Real Estate Finance (NYSE:ARI) had its target price decreased by Keefe, Bruyette & Woods from $11.00 to $10.00 in a research note published on Wednesday, Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the real estate investment trust’s stock.

A number of other research analysts have also weighed in on the company. TheStreet raised Apollo Commercial Real Estate Finance from a d+ rating to a c- rating in a report on Wednesday, March 20th. Bank of America cut shares of Apollo Commercial Real Estate Finance from a neutral rating to an underperform rating and set a $10.50 price objective for the company. in a research note on Monday, March 4th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Apollo Commercial Real Estate Finance from $11.00 to $10.50 and set a neutral rating on the stock in a research report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of Hold and a consensus target price of $10.38.

Apollo Commercial Real Estate Finance Stock Performance

NYSE ARI opened at $10.05 on Wednesday. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of -12.88 and a beta of 1.69. The business’s 50 day moving average is $10.87 and its two-hundred day moving average is $11.00. Apollo Commercial Real Estate Finance has a 12-month low of $9.22 and a 12-month high of $12.74. The company has a current ratio of 52.35, a quick ratio of 67.73 and a debt-to-equity ratio of 0.61.

Apollo Commercial Real Estate Finance Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 13.93%. The ex-dividend date of this dividend was Wednesday, March 27th. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently -179.49%.

Insider Buying and Selling

In other Apollo Commercial Real Estate Finance news, CEO Stuart Rothstein sold 40,000 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $10.60, for a total value of $424,000.00. Following the sale, the chief executive officer now owns 415,292 shares of the company’s stock, valued at $4,402,095.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Mark C. Biderman sold 15,000 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $10.00, for a total transaction of $150,000.00. Following the sale, the director now owns 60,625 shares of the company’s stock, valued at $606,250. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Stuart Rothstein sold 40,000 shares of Apollo Commercial Real Estate Finance stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $10.60, for a total value of $424,000.00. Following the sale, the chief executive officer now owns 415,292 shares of the company’s stock, valued at approximately $4,402,095.20. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On Apollo Commercial Real Estate Finance

Several hedge funds have recently modified their holdings of ARI. Future Financial Wealth Managment LLC acquired a new position in shares of Apollo Commercial Real Estate Finance in the first quarter valued at approximately $56,000. Naples Money Management LLC purchased a new stake in Apollo Commercial Real Estate Finance in the 4th quarter worth approximately $64,000. EMC Capital Management grew its stake in Apollo Commercial Real Estate Finance by 134.6% in the 3rd quarter. EMC Capital Management now owns 6,922 shares of the real estate investment trust’s stock worth $70,000 after acquiring an additional 3,971 shares during the period. Hollencrest Capital Management raised its holdings in Apollo Commercial Real Estate Finance by 100.0% in the 1st quarter. Hollencrest Capital Management now owns 10,000 shares of the real estate investment trust’s stock valued at $111,000 after acquiring an additional 5,000 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new position in shares of Apollo Commercial Real Estate Finance during the 3rd quarter worth $105,000. 54.43% of the stock is owned by institutional investors and hedge funds.

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.