Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Given Average Rating of “Reduce” by Brokerages

Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) have earned an average rating of “Reduce” from the five analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $9.63.

Several equities research analysts have issued reports on the company. StockNews.com cut Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a research note on Monday, November 4th. UBS Group cut their price objective on Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a “neutral” rating for the company in a research report on Friday, November 15th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating on the stock in a research report on Thursday, October 17th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Barclays PLC boosted its holdings in Apollo Commercial Real Estate Finance by 65.9% in the third quarter. Barclays PLC now owns 329,462 shares of the real estate investment trust’s stock valued at $3,028,000 after purchasing an additional 130,892 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its position in shares of Apollo Commercial Real Estate Finance by 619.3% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 87,163 shares of the real estate investment trust’s stock worth $801,000 after buying an additional 75,046 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Apollo Commercial Real Estate Finance by 139.4% in the 3rd quarter. Jane Street Group LLC now owns 302,388 shares of the real estate investment trust’s stock valued at $2,779,000 after buying an additional 176,101 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in shares of Apollo Commercial Real Estate Finance by 1.1% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 578,210 shares of the real estate investment trust’s stock valued at $5,314,000 after buying an additional 6,200 shares during the last quarter. Finally, Paloma Partners Management Co acquired a new stake in Apollo Commercial Real Estate Finance during the 3rd quarter worth $143,000. Hedge funds and other institutional investors own 54.43% of the company’s stock.

Apollo Commercial Real Estate Finance Stock Performance

NYSE:ARI opened at $9.19 on Wednesday. The company’s 50-day moving average is $9.07 and its two-hundred day moving average is $9.82. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of -9.99 and a beta of 1.75. The company has a debt-to-equity ratio of 0.67, a current ratio of 46.13 and a quick ratio of 46.13. Apollo Commercial Real Estate Finance has a 1-year low of $8.52 and a 1-year high of $12.74.

Apollo Commercial Real Estate Finance Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.88%. The ex-dividend date was Monday, September 30th. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is currently -108.70%.

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.