Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Given Average Recommendation of “Reduce” by Analysts

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) has received a consensus rating of “Reduce” from the four analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $10.38.

Several analysts recently weighed in on ARI shares. Keefe, Bruyette & Woods reduced their price objective on shares of Apollo Commercial Real Estate Finance from $11.00 to $10.00 and set a “market perform” rating on the stock in a research note on Wednesday. Bank of America lowered shares of Apollo Commercial Real Estate Finance from a “neutral” rating to an “underperform” rating and set a $10.50 target price on the stock. in a report on Monday, March 4th. JPMorgan Chase & Co. dropped their target price on shares of Apollo Commercial Real Estate Finance from $11.00 to $10.50 and set a “neutral” rating on the stock in a report on Wednesday, April 10th. Finally, TheStreet upgraded shares of Apollo Commercial Real Estate Finance from a “d+” rating to a “c-” rating in a report on Wednesday, March 20th.

Insider Activity

In other news, CEO Stuart Rothstein sold 40,000 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $10.60, for a total transaction of $424,000.00. Following the transaction, the chief executive officer now owns 415,292 shares in the company, valued at $4,402,095.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Stuart Rothstein sold 40,000 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $10.60, for a total transaction of $424,000.00. Following the transaction, the chief executive officer now owns 415,292 shares in the company, valued at $4,402,095.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark C. Biderman sold 15,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $10.00, for a total transaction of $150,000.00. Following the transaction, the director now owns 60,625 shares in the company, valued at approximately $606,250. The disclosure for this sale can be found here. Company insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. H&H Retirement Design & Management INC lifted its stake in Apollo Commercial Real Estate Finance by 3.3% in the fourth quarter. H&H Retirement Design & Management INC now owns 33,644 shares of the real estate investment trust’s stock valued at $395,000 after purchasing an additional 1,081 shares during the last quarter. Atria Wealth Solutions Inc. lifted its position in shares of Apollo Commercial Real Estate Finance by 4.2% during the 3rd quarter. Atria Wealth Solutions Inc. now owns 27,933 shares of the real estate investment trust’s stock valued at $283,000 after buying an additional 1,128 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of Apollo Commercial Real Estate Finance by 7.6% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 15,966 shares of the real estate investment trust’s stock worth $162,000 after acquiring an additional 1,129 shares during the period. MAS Advisors LLC increased its holdings in Apollo Commercial Real Estate Finance by 5.4% in the 4th quarter. MAS Advisors LLC now owns 30,092 shares of the real estate investment trust’s stock worth $353,000 after acquiring an additional 1,537 shares during the last quarter. Finally, Private Advisor Group LLC raised its stake in Apollo Commercial Real Estate Finance by 7.6% in the 3rd quarter. Private Advisor Group LLC now owns 23,032 shares of the real estate investment trust’s stock valued at $233,000 after acquiring an additional 1,620 shares during the period. 54.43% of the stock is currently owned by hedge funds and other institutional investors.

Apollo Commercial Real Estate Finance Stock Performance

Shares of Apollo Commercial Real Estate Finance stock opened at $10.05 on Friday. The company has a quick ratio of 67.73, a current ratio of 52.35 and a debt-to-equity ratio of 0.61. Apollo Commercial Real Estate Finance has a twelve month low of $9.22 and a twelve month high of $12.74. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of -12.88 and a beta of 1.69. The company’s fifty day moving average is $10.87 and its 200 day moving average is $11.00.

Apollo Commercial Real Estate Finance Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.35 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.40 annualized dividend and a dividend yield of 13.93%. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently -179.49%.

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.