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

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) has been given an average rating of “Reduce” by the five analysts that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $9.63.

Several brokerages have recently issued reports on ARI. JPMorgan Chase & Co. decreased their price target on shares of Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating for the company in a research note on Thursday, October 17th. UBS Group decreased their target price 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, StockNews.com raised Apollo Commercial Real Estate Finance from a “sell” rating to a “hold” rating in a research report on Tuesday, December 31st.

Apollo Commercial Real Estate Finance Stock Performance

NYSE ARI opened at $8.80 on Thursday. The company has a market capitalization of $1.22 billion, a PE ratio of -9.57 and a beta of 1.74. The company has a debt-to-equity ratio of 0.67, a quick ratio of 46.13 and a current ratio of 46.13. Apollo Commercial Real Estate Finance has a 52-week low of $8.52 and a 52-week high of $12.00. The company has a 50-day simple moving average of $9.06 and a 200 day simple moving average of $9.58.

Apollo Commercial Real Estate Finance Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 11.36%. 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%.

Institutional Trading of Apollo Commercial Real Estate Finance

A number of institutional investors have recently added to or reduced their stakes in ARI. Barclays PLC grew its position in shares of Apollo Commercial Real Estate Finance by 65.9% during the 3rd 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 increased its stake in Apollo Commercial Real Estate Finance by 619.3% in 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 acquiring an additional 75,046 shares during the last quarter. Jane Street Group LLC boosted its position in shares of Apollo Commercial Real Estate Finance by 139.4% during 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 acquiring an additional 176,101 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Apollo Commercial Real Estate Finance by 1.1% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 578,210 shares of the real estate investment trust’s stock worth $5,314,000 after purchasing an additional 6,200 shares in the last quarter. Finally, Paloma Partners Management Co bought a new position in shares of Apollo Commercial Real Estate Finance in the third quarter worth approximately $143,000. Hedge funds and other 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.