Apollo Commercial Real Estate Finance (NYSE:ARI) Receives $11.00 Average PT from Analysts

Shares of Apollo Commercial Real Estate Finance (NYSE:ARI) have been given an average recommendation of “Hold” by the seven ratings firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $11.00.

Several analysts have commented on the stock. Wall Street Zen lowered shares of 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 report on Monday, December 29th. Zacks Research lowered shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 19th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Apollo Commercial Real Estate Finance from $10.75 to $11.50 and gave the company an “outperform” rating in a research report on Thursday, February 12th.

Institutional Trading of Apollo Commercial Real Estate Finance

Hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC raised its position in shares of Apollo Commercial Real Estate Finance by 60.4% in the fourth quarter. GAMMA Investing LLC now owns 2,832 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 1,066 shares during the period. Farther Finance Advisors LLC raised its position in shares of Apollo Commercial Real Estate Finance by 1,047.8% in the third quarter. Farther Finance Advisors LLC now owns 3,145 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 2,871 shares during the period. Danske Bank A S bought a new stake in shares of Apollo Commercial Real Estate Finance in the third quarter valued at approximately $50,000. Resources Management Corp CT ADV raised its position in shares of Apollo Commercial Real Estate Finance by 47,757.1% in the fourth quarter. Resources Management Corp CT ADV now owns 6,700 shares of the real estate investment trust’s stock valued at $65,000 after purchasing an additional 6,686 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in shares of Apollo Commercial Real Estate Finance by 18.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 7,462 shares of the real estate investment trust’s stock valued at $74,000 after purchasing an additional 1,183 shares during the period. Institutional investors own 54.43% of the company’s stock.

Apollo Commercial Real Estate Finance Stock Performance

Shares of ARI stock opened at $11.01 on Tuesday. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 13.76 and a beta of 1.46. The company has a debt-to-equity ratio of 0.66, a quick ratio of 96.78 and a current ratio of 96.78. Apollo Commercial Real Estate Finance has a 52 week low of $8.09 and a 52 week high of $11.24. The firm’s 50-day simple moving average is $10.62 and its two-hundred day simple moving average is $10.27.

Apollo Commercial Real Estate Finance (NYSE:ARI) last announced its quarterly earnings data on Tuesday, February 10th. The real estate investment trust reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. The business had revenue of $73.25 million for the quarter, compared to analyst estimates of $46.97 million. Apollo Commercial Real Estate Finance had a net margin of 46.66% and a return on equity of 7.94%. As a group, equities analysts forecast that Apollo Commercial Real Estate Finance will post 0.88 earnings per share for the current year.

Apollo Commercial Real Estate Finance Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 9.1%. Apollo Commercial Real Estate Finance’s payout ratio is 125.00%.

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.