Analysts Set Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Target Price at $9.63

Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) have been given a consensus rating of “Reduce” by the five brokerages that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $9.63.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC raised its position in shares of Apollo Commercial Real Estate Finance by 31.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 28,876 shares of the real estate investment trust’s stock valued at $283,000 after buying an additional 6,866 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Apollo Commercial Real Estate Finance by 1.7% during the second quarter. Louisiana State Employees Retirement System now owns 65,800 shares of the real estate investment trust’s stock worth $644,000 after acquiring an additional 1,100 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Apollo Commercial Real Estate Finance by 1.9% during the second quarter. Bank of New York Mellon Corp now owns 1,074,796 shares of the real estate investment trust’s stock valued at $10,522,000 after acquiring an additional 19,611 shares in the last quarter. AM Investment Strategies LLC increased its holdings in Apollo Commercial Real Estate Finance by 42.9% in the 2nd quarter. AM Investment Strategies LLC now owns 89,994 shares of the real estate investment trust’s stock valued at $881,000 after acquiring an additional 27,038 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in Apollo Commercial Real Estate Finance by 8.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 60,500 shares of the real estate investment trust’s stock worth $592,000 after purchasing an additional 4,714 shares in the last quarter. 54.43% of the stock is currently owned by institutional investors.

Apollo Commercial Real Estate Finance Trading Up 0.9 %

Shares of ARI stock opened at $8.78 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 46.13 and a quick ratio of 46.13. The company has a market cap of $1.21 billion, a price-to-earnings ratio of -9.54 and a beta of 1.75. Apollo Commercial Real Estate Finance has a 1 year low of $8.52 and a 1 year high of $12.74. The firm has a fifty day moving average price of $9.04 and a 200-day moving average price of $9.69.

Apollo Commercial Real Estate Finance Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 11.39%. The ex-dividend date of this dividend is Tuesday, December 31st. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is presently -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.