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

Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) have been given an average rating of “Reduce” by the five ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $9.63.

A number of research firms have recently weighed in on ARI. UBS Group lowered their price objective on Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a “neutral” rating on the stock in a research report on Friday, November 15th. JPMorgan Chase & Co. dropped their price target on shares of Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating for the company in a research report on Thursday, October 17th. Finally, StockNews.com upgraded shares of Apollo Commercial Real Estate Finance from a “sell” rating to a “hold” rating in a research report on Tuesday, December 31st.

Apollo Commercial Real Estate Finance Price Performance

Shares of ARI opened at $8.56 on Thursday. The firm has a market cap of $1.18 billion, a PE ratio of -9.30 and a beta of 1.74. Apollo Commercial Real Estate Finance has a 1-year low of $8.48 and a 1-year high of $12.00. The company has a current ratio of 46.13, a quick ratio of 46.13 and a debt-to-equity ratio of 0.67. The firm has a fifty day simple moving average of $9.05 and a two-hundred day simple moving average of $9.56.

Apollo Commercial Real Estate Finance Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.68%. The ex-dividend date of this dividend is Tuesday, December 31st. Apollo Commercial Real Estate Finance’s payout ratio is presently -108.70%.

Institutional Trading of Apollo Commercial Real Estate Finance

A number of large investors have recently modified their holdings of the company. Future Financial Wealth Managment LLC bought a new position in shares of Apollo Commercial Real Estate Finance during the third quarter valued at approximately $44,000. EverSource Wealth Advisors LLC bought a new stake in Apollo Commercial Real Estate Finance during the 2nd quarter valued at $59,000. KBC Group NV increased its holdings in shares of Apollo Commercial Real Estate Finance by 57.7% in the 3rd quarter. KBC Group NV now owns 7,002 shares of the real estate investment trust’s stock valued at $64,000 after acquiring an additional 2,562 shares during the period. Quest Partners LLC raised its position in shares of Apollo Commercial Real Estate Finance by 7,689.4% in the 2nd quarter. Quest Partners LLC now owns 9,581 shares of the real estate investment trust’s stock worth $94,000 after acquiring an additional 9,458 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of Apollo Commercial Real Estate Finance in the 3rd quarter worth $1,130,000. Hedge funds and other institutional investors own 54.43% of the company’s stock.

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.