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

Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) have been assigned an average rating of “Reduce” from the five brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $9.31.

ARI has been the topic of a number of recent analyst reports. UBS Group cut their price objective on shares of Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a “neutral” rating on the stock in a research note on Friday, November 15th. Keefe, Bruyette & Woods decreased their price objective on shares of Apollo Commercial Real Estate Finance from $9.00 to $8.75 and set a “market perform” rating for the company in a report on Tuesday, January 14th. JPMorgan Chase & Co. lowered their price objective 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 note on Thursday, October 17th. Finally, StockNews.com upgraded Apollo Commercial Real Estate Finance from a “sell” rating to a “hold” rating in a research report on Thursday.

Institutional Investors Weigh In On Apollo Commercial Real Estate Finance

Several large investors have recently modified their holdings of ARI. Smartleaf Asset Management LLC lifted its holdings in shares of Apollo Commercial Real Estate Finance by 327.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,045 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 2,332 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new stake in Apollo Commercial Real Estate Finance during the 3rd quarter worth about $44,000. KBC Group NV boosted its holdings in shares of Apollo Commercial Real Estate Finance by 57.7% in the third quarter. KBC Group NV now owns 7,002 shares of the real estate investment trust’s stock worth $64,000 after buying an additional 2,562 shares during the period. SG Americas Securities LLC purchased a new position in shares of Apollo Commercial Real Estate Finance in the fourth quarter worth approximately $93,000. Finally, CIBC Asset Management Inc purchased a new stake in shares of Apollo Commercial Real Estate Finance in the 4th quarter valued at approximately $112,000. 54.43% of the stock is owned by institutional investors.

Apollo Commercial Real Estate Finance Stock Down 0.4 %

ARI opened at $9.11 on Monday. 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 12 month low of $8.44 and a 12 month high of $11.64. The stock’s 50 day moving average price is $8.97 and its 200 day moving average price is $9.40. The stock has a market cap of $1.26 billion, a P/E ratio of -9.90 and a beta of 1.74.

Apollo Commercial Real Estate Finance Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 10.98%. The ex-dividend date was Tuesday, December 31st. Apollo Commercial Real Estate Finance’s payout ratio is -108.69%.

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.