Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI – Free Report) has been assigned a consensus rating of “Reduce” from the five brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average twelve-month target price among analysts who have updated their coverage on the stock in the last year is $10.80.
Several equity analysts have issued reports on the company. BTIG Research reissued a “neutral” rating on shares of Apollo Commercial Real Estate Finance in a research note on Tuesday, April 25th. Keefe, Bruyette & Woods dropped their price target on Apollo Commercial Real Estate Finance from $11.50 to $10.00 and set a “market perform” rating on the stock in a research note on Thursday, April 13th. JPMorgan Chase & Co. dropped their price target on Apollo Commercial Real Estate Finance from $11.00 to $9.00 in a research note on Monday, April 24th. Finally, StockNews.com assumed coverage on Apollo Commercial Real Estate Finance in a research note on Thursday, May 18th. They issued a “hold” rating on the stock.
Apollo Commercial Real Estate Finance Stock Performance
Shares of ARI stock opened at $11.02 on Friday. The business’s 50 day simple moving average is $10.51 and its 200 day simple moving average is $10.64. Apollo Commercial Real Estate Finance has a one year low of $7.91 and a one year high of $13.10. The stock has a market capitalization of $1.56 billion, a PE ratio of 6.02 and a beta of 1.61. The company has a debt-to-equity ratio of 0.63, a current ratio of 42.44 and a quick ratio of 42.44.
Apollo Commercial Real Estate Finance Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, June 30th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 12.70%. The ex-dividend date is Thursday, June 29th. Apollo Commercial Real Estate Finance’s payout ratio is 76.50%.
Insider Transactions at Apollo Commercial Real Estate Finance
In other news, Director Robert A. Kasdin bought 25,000 shares of the stock in a transaction dated Monday, May 8th. The shares were purchased at an average cost of $9.54 per share, with a total value of $238,500.00. Following the completion of the transaction, the director now directly owns 85,739 shares of the company’s stock, valued at $817,950.06. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible via the SEC website. 0.61% of the stock is owned by insiders.
Institutional Investors Weigh In On Apollo Commercial Real Estate Finance
A number of institutional investors and hedge funds have recently bought and sold shares of ARI. Norges Bank purchased a new stake in Apollo Commercial Real Estate Finance in the 4th quarter valued at $14,510,000. Millennium Management LLC raised its position in Apollo Commercial Real Estate Finance by 2,442.4% in the 4th quarter. Millennium Management LLC now owns 909,229 shares of the real estate investment trust’s stock valued at $9,783,000 after buying an additional 873,466 shares during the last quarter. Apollo Management Holdings LP purchased a new stake in Apollo Commercial Real Estate Finance in the 1st quarter valued at $6,196,000. Arete Wealth Advisors LLC purchased a new stake in Apollo Commercial Real Estate Finance in the 1st quarter valued at $5,537,625,000,000. Finally, Renaissance Technologies LLC raised its position in Apollo Commercial Real Estate Finance by 983.3% in the 1st quarter. Renaissance Technologies LLC now owns 604,940 shares of the real estate investment trust’s stock valued at $8,427,000 after buying an additional 549,100 shares during the last quarter. 55.66% of the stock is owned by hedge funds and other institutional investors.
About Apollo Commercial Real Estate Finance
(FreeReport
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. It is qualified as a REIT under the Internal Revenue Code.
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