Apollo Commercial Real Estate Finance (NYSE:ARI) Receives $10.88 Consensus PT from Analysts

Apollo Commercial Real Estate Finance (NYSE:ARI) has received a consensus rating of “Hold” from the seven research firms that are presently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $10.8750.

Several analysts recently commented on the company. Wall Street Zen cut Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a research report on Saturday, January 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Apollo Commercial Real Estate Finance in a research note on Monday, December 29th. Keefe, Bruyette & Woods increased their target price on shares of Apollo Commercial Real Estate Finance from $10.75 to $11.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Finally, JPMorgan Chase & Co. raised their price target on shares of Apollo Commercial Real Estate Finance from $10.50 to $11.00 and gave the stock an “overweight” rating in a research note on Monday, November 3rd.

Insider Buying and Selling at Apollo Commercial Real Estate Finance

In other news, CEO Stuart Rothstein sold 52,072 shares of the stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $10.16, for a total value of $529,051.52. Following the completion of the sale, the chief executive officer owned 229,709 shares of the company’s stock, valued at $2,333,843.44. This represents a 18.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.68% of the company’s stock.

Institutional Investors Weigh In On Apollo Commercial Real Estate Finance

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC raised its holdings in Apollo Commercial Real Estate Finance by 251.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 171,808 shares of the real estate investment trust’s stock valued at $1,718,000 after acquiring an additional 122,970 shares in the last quarter. Carmel Capital Partners LLC acquired a new stake in shares of Apollo Commercial Real Estate Finance in the 3rd quarter valued at $2,275,000. Allianz Asset Management GmbH purchased a new stake in shares of Apollo Commercial Real Estate Finance during the 2nd quarter worth $1,358,000. McElhenny Sheffield Capital Management LLC acquired a new position in shares of Apollo Commercial Real Estate Finance during the second quarter worth $41,000. Finally, AlphaCore Capital LLC grew its stake in shares of Apollo Commercial Real Estate Finance by 14.3% during the second quarter. AlphaCore Capital LLC now owns 128,147 shares of the real estate investment trust’s stock worth $1,240,000 after purchasing an additional 16,068 shares in the last quarter. 54.43% of the stock is owned by hedge funds and other institutional investors.

Apollo Commercial Real Estate Finance Stock Down 0.3%

Shares of ARI opened at $10.78 on Thursday. Apollo Commercial Real Estate Finance has a 52 week low of $7.70 and a 52 week high of $11.20. The company has a quick ratio of 90.32, a current ratio of 90.32 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 12.11 and a beta of 1.54. The stock’s 50-day moving average price is $10.08 and its 200-day moving average price is $10.12.

Apollo Commercial Real Estate Finance Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $1.00 dividend on an annualized basis and a yield of 9.3%. Apollo Commercial Real Estate Finance’s payout ratio is 112.36%.

About Apollo Commercial Real Estate Finance

Apollo Commercial Real Estate Finance, Inc (NYSE: ARI) is a real estate finance company structured as a real estate investment trust (REIT). The company focuses on originating, acquiring and managing a diversified portfolio of commercial real estate debt and preferred equity investments. As an externally managed vehicle, ARI leverages the expertise and resources of an affiliate of Apollo Global Management, a leading global alternative investment manager.

ARI’s investment strategy is centered on providing first mortgage loans, mezzanine debt financing, bridge loans and preferred equity across a broad range of property types, including office, retail, industrial and multifamily assets.