Brokerages Set Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Target Price at $9.63

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) 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.

Institutional Trading of Apollo Commercial Real Estate Finance

Hedge funds have recently bought and sold shares of the stock. Triad Wealth Partners LLC acquired a new stake in shares of Apollo Commercial Real Estate Finance in the 2nd quarter valued at about $43,000. Future Financial Wealth Managment LLC bought a new stake in Apollo Commercial Real Estate Finance during the third quarter worth about $44,000. EverSource Wealth Advisors LLC acquired a new position in Apollo Commercial Real Estate Finance during the second quarter valued at approximately $59,000. KBC Group NV grew its stake in Apollo Commercial Real Estate Finance by 57.7% in the third quarter. KBC Group NV now owns 7,002 shares of the real estate investment trust’s stock valued at $64,000 after purchasing an additional 2,562 shares in the last quarter. Finally, Quest Partners LLC increased its position in shares of Apollo Commercial Real Estate Finance by 7,689.4% during the 2nd quarter. Quest Partners LLC now owns 9,581 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 9,458 shares during the last quarter. 54.43% of the stock is currently owned by institutional investors and hedge funds.

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.