Apollo Commercial Real Estate Finance (NYSE:ARI) Given Consensus Recommendation of “Hold” by Analysts

Apollo Commercial Real Estate Finance (NYSE:ARI) has received an average recommendation of “Hold” from the seven brokerages that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $10.75.

Several equities research analysts have commented on the company. Weiss Ratings downgraded Apollo Commercial Real Estate Finance from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday. UBS Group boosted their target price on Apollo Commercial Real Estate Finance from $10.00 to $10.50 and gave the stock a “neutral” rating in a report on Tuesday, July 15th. Keefe, Bruyette & Woods boosted their target price on Apollo Commercial Real Estate Finance from $10.75 to $11.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Zacks Research downgraded Apollo Commercial Real Estate Finance from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 16th. Finally, JPMorgan Chase & Co. raised Apollo Commercial Real Estate Finance from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $10.00 to $10.50 in a report on Monday, October 20th.

Insiders Place Their Bets

In other Apollo Commercial Real Estate Finance news, CEO Stuart Rothstein sold 52,073 shares of the business’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $10.78, for a total value of $561,346.94. Following the completion of the transaction, the chief executive officer owned 281,781 shares of the company’s stock, valued at approximately $3,037,599.18. The trade was a 15.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.68% of the company’s stock.

Institutional Trading of Apollo Commercial Real Estate Finance

Large investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. grew its stake in shares of Apollo Commercial Real Estate Finance by 2.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,326,569 shares of the real estate investment trust’s stock worth $22,265,000 after acquiring an additional 63,191 shares during the period. State of Wyoming bought a new stake in shares of Apollo Commercial Real Estate Finance in the first quarter worth approximately $251,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Apollo Commercial Real Estate Finance by 10.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 43,815 shares of the real estate investment trust’s stock worth $419,000 after acquiring an additional 4,023 shares during the period. Nuveen LLC bought a new stake in shares of Apollo Commercial Real Estate Finance in the first quarter worth approximately $7,813,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Apollo Commercial Real Estate Finance in the first quarter worth approximately $345,000. 54.43% of the stock is currently owned by institutional investors.

Apollo Commercial Real Estate Finance Trading Up 0.1%

NYSE ARI opened at $10.27 on Tuesday. The company has a quick ratio of 98.25, a current ratio of 98.25 and a debt-to-equity ratio of 0.66. Apollo Commercial Real Estate Finance has a twelve month low of $7.70 and a twelve month high of $11.11. The firm has a market capitalization of $1.43 billion, a PE ratio of -73.32, a P/E/G ratio of 0.59 and a beta of 1.60. The stock’s 50 day moving average is $10.36 and its 200 day moving average is $9.87.

Apollo Commercial Real Estate Finance (NYSE:ARI) last released its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.02). Apollo Commercial Real Estate Finance had a positive return on equity of 8.42% and a negative net margin of 1.49%.The company had revenue of $43.07 million during the quarter, compared to the consensus estimate of $48.40 million. Research analysts forecast that Apollo Commercial Real Estate Finance will post 0.63 earnings per share for the current fiscal year.

Apollo Commercial Real Estate Finance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $1.00 annualized dividend and a dividend yield of 9.7%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is -714.29%.

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.