Apollo Commercial Real Estate Finance (NYSE:ARI) Cut to Sell at StockNews.com

StockNews.com downgraded shares of Apollo Commercial Real Estate Finance (NYSE:ARI) from a hold rating to a sell rating in a research note issued to investors on Monday.

Other equities research analysts have also issued reports about the company. JPMorgan Chase & Co. lowered their price target on 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. BTIG Research assumed coverage on Apollo Commercial Real Estate Finance in a research report on Friday, July 19th. They set a “neutral” rating for the company. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $9.88.

Apollo Commercial Real Estate Finance Stock Performance

Shares of Apollo Commercial Real Estate Finance stock opened at $9.11 on Monday. Apollo Commercial Real Estate Finance has a 52 week low of $8.52 and a 52 week high of $12.74. The company has a quick ratio of 46.13, a current ratio of 46.13 and a debt-to-equity ratio of 0.67. The business has a 50 day moving average price of $9.33 and a 200-day moving average price of $9.93. The company has a market cap of $1.26 billion, a PE ratio of -9.90, a price-to-earnings-growth ratio of 1.45 and a beta of 1.75.

Apollo Commercial Real Estate Finance Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.00 annualized dividend and a dividend yield of 10.98%. Apollo Commercial Real Estate Finance’s payout ratio is currently -108.69%.

Hedge Funds Weigh In On Apollo Commercial Real Estate Finance

Several institutional investors have recently bought and sold shares of ARI. AQR Capital Management LLC raised its stake in shares of Apollo Commercial Real Estate Finance by 1.8% in the second quarter. AQR Capital Management LLC now owns 59,621 shares of the real estate investment trust’s stock valued at $584,000 after buying an additional 1,039 shares during the period. Louisiana State Employees Retirement System raised its stake in Apollo Commercial Real Estate Finance by 1.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 65,800 shares of the real estate investment trust’s stock valued at $644,000 after acquiring an additional 1,100 shares during the period. PFG Investments LLC lifted its holdings in Apollo Commercial Real Estate Finance by 2.9% during the third quarter. PFG Investments LLC now owns 48,584 shares of the real estate investment trust’s stock valued at $446,000 after purchasing an additional 1,352 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in Apollo Commercial Real Estate Finance by 2.2% during the third quarter. QRG Capital Management Inc. now owns 67,502 shares of the real estate investment trust’s stock valued at $620,000 after purchasing an additional 1,456 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in Apollo Commercial Real Estate Finance by 10.3% during the first quarter. SG Americas Securities LLC now owns 17,711 shares of the real estate investment trust’s stock worth $197,000 after purchasing an additional 1,653 shares during the period. 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.