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

Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) have earned a consensus rating of “Reduce” from the five analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $9.63.

ARI has been the subject of a number of research reports. StockNews.com downgraded Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a report on Monday, November 4th. UBS Group decreased their price objective on shares of Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a “neutral” rating for the company in a research note on Friday, November 15th. Finally, JPMorgan Chase & Co. cut 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.

Hedge Funds Weigh In On Apollo Commercial Real Estate Finance

Institutional investors and hedge funds have recently modified their holdings of the business. Triad Wealth Partners LLC purchased a new stake in Apollo Commercial Real Estate Finance in the 2nd quarter worth $43,000. Future Financial Wealth Managment LLC purchased a new stake in Apollo Commercial Real Estate Finance during the 3rd quarter valued at about $44,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Apollo Commercial Real Estate Finance in the second quarter valued at approximately $59,000. KBC Group NV boosted its stake in Apollo Commercial Real Estate Finance by 57.7% during 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 last quarter. Finally, Quest Partners LLC grew its holdings in shares of Apollo Commercial Real Estate Finance by 7,689.4% in the second quarter. Quest Partners LLC now owns 9,581 shares of the real estate investment trust’s stock valued at $94,000 after purchasing an additional 9,458 shares during the period. Hedge funds and other institutional investors own 54.43% of the company’s stock.

Apollo Commercial Real Estate Finance Trading Up 0.3 %

Apollo Commercial Real Estate Finance stock opened at $9.27 on Wednesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 46.13 and a current ratio of 46.13. The stock has a market cap of $1.28 billion, a PE ratio of -10.04 and a beta of 1.75. The stock has a 50-day moving average of $9.07 and a two-hundred day moving average of $9.82. Apollo Commercial Real Estate Finance has a one year low of $8.52 and a one year high of $12.74.

Apollo Commercial Real Estate Finance Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 10.79%. The ex-dividend date of this dividend was Monday, September 30th. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is presently -108.69%.

About Apollo Commercial Real Estate Finance

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.