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

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARIGet 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.

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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

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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.

Further Reading

Analyst Recommendations for Apollo Commercial Real Estate Finance (NYSE:ARI)

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