Apollo Commercial Real Estate Finance (NYSE:ARI) Reaches New 52-Week Low at $9.12

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) reached a new 52-week low on Monday . The company traded as low as $9.12 and last traded at $9.17, with a volume of 102680 shares traded. The stock had previously closed at $9.18.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on ARI shares. JPMorgan Chase & Co. upped their price target on shares of Apollo Commercial Real Estate Finance from $9.50 to $10.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 16th. BTIG Research started coverage on shares of Apollo Commercial Real Estate Finance in a research note on Friday, July 19th. They issued a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat, Apollo Commercial Real Estate Finance currently has an average rating of “Hold” and an average target price of $10.25.

Apollo Commercial Real Estate Finance Price Performance

The company has a quick ratio of 54.21, a current ratio of 54.21 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of -12.09, a P/E/G ratio of 2.15 and a beta of 1.76. The company’s 50-day simple moving average is $10.20 and its 200 day simple moving average is $10.34.

Apollo Commercial Real Estate Finance Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 10.89%. The ex-dividend date is Monday, September 30th. Apollo Commercial Real Estate Finance’s payout ratio is -128.21%.

Insiders Place Their Bets

In other Apollo Commercial Real Estate Finance news, Director Scott Prince sold 4,935 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $10.12, for a total transaction of $49,942.20. Following the completion of the sale, the director now directly owns 81,154 shares in the company, valued at $821,278.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.68% of the company’s stock.

Institutional Investors Weigh In On Apollo Commercial Real Estate Finance

Several hedge funds have recently made changes to their positions in ARI. Triad Wealth Partners LLC bought a new stake in shares of Apollo Commercial Real Estate Finance in the second quarter valued at about $43,000. Future Financial Wealth Managment LLC acquired a new position in Apollo Commercial Real Estate Finance in the first quarter worth about $56,000. EverSource Wealth Advisors LLC acquired a new position in Apollo Commercial Real Estate Finance in the second quarter worth about $59,000. Quest Partners LLC raised its position in Apollo Commercial Real Estate Finance by 7,689.4% in the second quarter. Quest Partners LLC now owns 9,581 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 9,458 shares in the last quarter. Finally, Hollencrest Capital Management raised its position in Apollo Commercial Real Estate Finance by 100.0% in the first quarter. Hollencrest Capital Management now owns 10,000 shares of the real estate investment trust’s stock worth $111,000 after purchasing an additional 5,000 shares in the last quarter. Institutional investors 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.