Apollo Commercial Real Estate Finance (NYSE:ARI) Receives $10.31 Average PT from Brokerages

Apollo Commercial Real Estate Finance (NYSE:ARI) has been assigned an average rating of “Hold” from the five brokerages that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $10.3125.

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. increased their price objective 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. BTIG Research upgraded Apollo Commercial Real Estate Finance from a “neutral” rating to a “buy” rating and set a $11.00 price objective on the stock in a research report on Wednesday, April 23rd. UBS Group increased their price objective on Apollo Commercial Real Estate Finance from $10.00 to $10.50 and gave the company a “neutral” rating in a research report on Tuesday, July 15th. Wall Street Zen lowered Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a research report on Wednesday, April 23rd. Finally, Keefe, Bruyette & Woods raised their price target on Apollo Commercial Real Estate Finance from $10.50 to $10.75 and gave the stock an “outperform” rating in a research report on Thursday, July 10th.

Insider Transactions at Apollo Commercial Real Estate Finance

In related news, CEO Stuart Rothstein sold 52,074 shares of the firm’s stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $9.83, for a total transaction of $511,887.42. Following the transaction, the chief executive officer directly owned 333,854 shares in the company, valued at $3,281,784.82. This trade represents a 13.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.68% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Apollo Commercial Real Estate Finance

Several institutional investors and hedge funds have recently bought and sold shares of the stock. LPL Financial LLC lifted its holdings in Apollo Commercial Real Estate Finance by 0.8% in the 4th quarter. LPL Financial LLC now owns 278,588 shares of the real estate investment trust’s stock worth $2,413,000 after buying an additional 2,164 shares during the period. JPMorgan Chase & Co. lifted its holdings in Apollo Commercial Real Estate Finance by 130.1% in the 4th quarter. JPMorgan Chase & Co. now owns 480,852 shares of the real estate investment trust’s stock worth $4,164,000 after buying an additional 271,908 shares during the period. Norges Bank purchased a new stake in Apollo Commercial Real Estate Finance in the 4th quarter worth approximately $3,360,000. Alliancebernstein L.P. lifted its holdings in Apollo Commercial Real Estate Finance by 7.6% in the 4th quarter. Alliancebernstein L.P. now owns 173,917 shares of the real estate investment trust’s stock worth $1,506,000 after buying an additional 12,300 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in Apollo Commercial Real Estate Finance by 6.2% in the 4th quarter. Wells Fargo & Company MN now owns 195,554 shares of the real estate investment trust’s stock worth $1,694,000 after buying an additional 11,427 shares during the period. 54.43% of the stock is currently owned by institutional investors.

Apollo Commercial Real Estate Finance Price Performance

Shares of Apollo Commercial Real Estate Finance stock opened at $9.92 on Thursday. The company has a current ratio of 98.25, a quick ratio of 98.25 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $1.38 billion, a PE ratio of -70.82, a price-to-earnings-growth ratio of 0.29 and a beta of 1.50. The business’s 50-day moving average price is $9.85 and its 200-day moving average price is $9.59. Apollo Commercial Real Estate Finance has a 12 month low of $7.70 and a 12 month high of $10.61.

Apollo Commercial Real Estate Finance Dividend Announcement

The business also recently declared 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. This represents a $1.00 annualized dividend and a yield of 10.1%. The ex-dividend date was Monday, June 30th. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is presently -714.29%.

About Apollo Commercial Real Estate Finance

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.