Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI – Get Free Report) has been assigned an average rating of “Reduce” from the five ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $9.63.
Several analysts have commented on ARI shares. UBS Group dropped their target price 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 report on Friday, November 15th. JPMorgan Chase & Co. dropped their price objective on Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating for the company in a report on Thursday, October 17th. Finally, StockNews.com cut Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a report on Monday, November 4th.
Get Our Latest Research Report on Apollo Commercial Real Estate Finance
Institutional Trading of Apollo Commercial Real Estate Finance
Apollo Commercial Real Estate Finance Stock Down 0.2 %
Shares of NYSE:ARI opened at $9.19 on Wednesday. The company has a 50 day moving average of $9.08 and a 200-day moving average of $9.83. Apollo Commercial Real Estate Finance has a one year low of $8.52 and a one year high of $12.74. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of -9.99 and a beta of 1.75. The company has a debt-to-equity ratio of 0.67, a current ratio of 46.13 and a quick ratio of 46.13.
Apollo Commercial Real Estate Finance Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.25 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.00 annualized dividend and a dividend yield of 10.89%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is currently -108.69%.
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.
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