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

Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) have earned a consensus recommendation of “Reduce” from the five ratings firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $9.63.

Several brokerages have recently commented on ARI. StockNews.com lowered shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a report on Monday, November 4th. JPMorgan Chase & Co. decreased their price target on Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating on the stock in a research note on Thursday, October 17th. Finally, UBS Group dropped their price objective on Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a “neutral” rating for the company in a research note on Friday, November 15th.

Apollo Commercial Real Estate Finance Trading Down 0.7 %

NYSE ARI opened at $9.06 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 46.13 and a quick ratio of 46.13. The stock has a market capitalization of $1.25 billion, a P/E ratio of -9.85 and a beta of 1.75. The firm’s 50-day moving average is $9.03 and its two-hundred day moving average is $9.71. Apollo Commercial Real Estate Finance has a 12 month low of $8.52 and a 12 month high of $12.74.

Apollo Commercial Real Estate Finance Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 11.04%. The ex-dividend date is Tuesday, December 31st. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is presently -108.70%.

Institutional Investors Weigh In On Apollo Commercial Real Estate Finance

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp increased its holdings in Apollo Commercial Real Estate Finance by 1.9% in the second quarter. Bank of New York Mellon Corp now owns 1,074,796 shares of the real estate investment trust’s stock valued at $10,522,000 after buying an additional 19,611 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Apollo Commercial Real Estate Finance by 32.1% during the 2nd quarter. Van ECK Associates Corp now owns 1,034,316 shares of the real estate investment trust’s stock worth $10,126,000 after acquiring an additional 251,280 shares in the last quarter. Luxor Capital Group LP acquired a new position in shares of Apollo Commercial Real Estate Finance during the 2nd quarter worth about $7,342,000. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Apollo Commercial Real Estate Finance by 1.1% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 578,210 shares of the real estate investment trust’s stock valued at $5,314,000 after acquiring an additional 6,200 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its position in shares of Apollo Commercial Real Estate Finance by 72.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 468,335 shares of the real estate investment trust’s stock worth $4,304,000 after acquiring an additional 196,122 shares in the last quarter. 54.43% of the stock is currently owned by institutional investors and hedge funds.

About Apollo Commercial Real Estate Finance

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.