Apollo Commercial Real Estate Finance (NYSE:ARI) Coverage Initiated by Analysts at BTIG Research

BTIG Research assumed coverage on shares of Apollo Commercial Real Estate Finance (NYSE:ARI) in a report issued on Friday, MarketBeat reports. The brokerage issued a neutral rating on the real estate investment trust’s stock.

A number of other research firms have also recently issued reports on ARI. Keefe, Bruyette & Woods cut their price target on Apollo Commercial Real Estate Finance from $11.00 to $10.00 and set a market perform rating for the company in a report on Wednesday, May 1st. JPMorgan Chase & Co. lifted their price target on Apollo Commercial Real Estate Finance from $9.50 to $10.00 and gave the company a neutral rating in a report on Tuesday, July 16th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Hold and an average price target of $10.25.

Apollo Commercial Real Estate Finance Stock Performance

Apollo Commercial Real Estate Finance stock opened at $10.88 on Friday. The stock has a 50-day simple moving average of $10.14 and a 200 day simple moving average of $10.69. The company has a quick ratio of 52.35, a current ratio of 52.35 and a debt-to-equity ratio of 0.61. Apollo Commercial Real Estate Finance has a 12-month low of $9.14 and a 12-month high of $12.74. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of -13.95, a P/E/G ratio of 1.65 and a beta of 1.76.

Apollo Commercial Real Estate Finance Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a dividend of $0.35 per share. The ex-dividend date was Friday, June 28th. This represents a $1.40 annualized dividend and a yield of 12.87%. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently -179.49%.

Insiders Place Their Bets

In other news, Director Mark C. Biderman sold 15,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $10.00, for a total value of $150,000.00. Following the completion of the sale, the director now directly owns 60,625 shares of the company’s stock, valued at approximately $606,250. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.68% of the company’s stock.

Institutional Trading of Apollo Commercial Real Estate Finance

Institutional investors and hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC bought a new stake in shares of Apollo Commercial Real Estate Finance in the 4th quarter valued at about $1,840,000. Kingswood Wealth Advisors LLC acquired a new position in shares of Apollo Commercial Real Estate Finance in the 4th quarter valued at approximately $221,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Apollo Commercial Real Estate Finance by 11.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 789,761 shares of the real estate investment trust’s stock valued at $8,798,000 after purchasing an additional 78,833 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Apollo Commercial Real Estate Finance by 6.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,961,777 shares of the real estate investment trust’s stock valued at $23,031,000 after purchasing an additional 120,055 shares during the period. Finally, Global Retirement Partners LLC grew its position in shares of Apollo Commercial Real Estate Finance by 707.7% in the 4th quarter. Global Retirement Partners LLC now owns 20,540 shares of the real estate investment trust’s stock valued at $235,000 after purchasing an additional 17,997 shares during the period. 54.43% of the stock is owned by institutional investors.

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.