Apollo Commercial Real Estate Finance (NYSE:ARI) Receives $10.19 Consensus PT from Analysts

Apollo Commercial Real Estate Finance (NYSE:ARI) has received an average recommendation of “Hold” from the five ratings firms that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $10.31.

A number of analysts recently issued reports on ARI shares. Wall Street Zen cut Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. increased their price target on Apollo Commercial Real Estate Finance from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Monday, April 28th. Keefe, Bruyette & Woods boosted their price objective on shares of Apollo Commercial Real Estate Finance from $10.50 to $10.75 and gave the stock an “outperform” rating in a research note on Thursday, July 10th. UBS Group increased their price target on Apollo Commercial Real Estate Finance from $10.00 to $10.50 and gave the company a “neutral” rating in a research note on Tuesday. Finally, BTIG Research upgraded shares of Apollo Commercial Real Estate Finance from a “neutral” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Wednesday, April 23rd.

Apollo Commercial Real Estate Finance Trading Down 1.4%

Shares of NYSE ARI opened at $9.85 on Friday. Apollo Commercial Real Estate Finance has a fifty-two week low of $7.70 and a fifty-two week high of $11.20. The company has a debt-to-equity ratio of 0.67, a current ratio of 74.89 and a quick ratio of 74.89. The firm has a market capitalization of $1.37 billion, a P/E ratio of -328.33, a P/E/G ratio of 0.28 and a beta of 1.46. The company’s 50 day simple moving average is $9.82 and its 200 day simple moving average is $9.45.

Apollo Commercial Real Estate Finance Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.00 annualized dividend and a yield of 10.15%. Apollo Commercial Real Estate Finance’s dividend payout ratio is -3,333.33%.

Insider Buying and Selling

In related news, CEO Stuart Rothstein sold 52,074 shares of the stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $9.83, for a total value of $511,887.42. Following the completion of the transaction, the chief executive officer owned 333,854 shares of the company’s stock, valued at $3,281,784.82. This represents a 13.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mark C. Biderman sold 10,000 shares of the business’s stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $9.48, for a total transaction of $94,800.00. Following the sale, the director directly owned 60,787 shares in the company, valued at approximately $576,260.76. The trade was a 14.13% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.68% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Kingstone Capital Partners Texas LLC bought a new position in shares of Apollo Commercial Real Estate Finance during the second quarter worth about $271,921,000. Vanguard Group Inc. lifted its position in Apollo Commercial Real Estate Finance by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 15,236,601 shares of the real estate investment trust’s stock valued at $131,949,000 after acquiring an additional 135,785 shares in the last quarter. Nomura Holdings Inc. bought a new position in shares of Apollo Commercial Real Estate Finance in the fourth quarter valued at approximately $31,684,000. Charles Schwab Investment Management Inc. boosted its holdings in Apollo Commercial Real Estate Finance by 2.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,326,569 shares of the real estate investment trust’s stock worth $22,265,000 after acquiring an additional 63,191 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Apollo Commercial Real Estate Finance by 89.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,855,116 shares of the real estate investment trust’s stock worth $17,753,000 after purchasing an additional 877,675 shares during the last quarter. 54.43% of the stock is currently owned by 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.