Apollo Commercial Real Estate Finance (NYSE:ARI) Lowered to “Sell” Rating by StockNews.com

StockNews.com lowered shares of Apollo Commercial Real Estate Finance (NYSE:ARI) from a hold rating to a sell rating in a research report sent to investors on Monday morning.

Several other equities research analysts have also commented on the stock. JPMorgan Chase & Co. reduced 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. UBS Group reduced 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 report on Friday, November 15th. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat, Apollo Commercial Real Estate Finance presently has a consensus rating of “Hold” and a consensus target price of $9.63.

Apollo Commercial Real Estate Finance Price Performance

NYSE ARI opened at $8.64 on Monday. 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 has a 1-year low of $8.44 and a 1-year high of $11.97. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of -9.39 and a beta of 1.74. The business’s fifty day moving average price is $9.05 and its 200-day moving average price is $9.55.

Apollo Commercial Real Estate Finance Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 11.57%. The ex-dividend date of this dividend is Tuesday, December 31st. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently -108.70%.

Institutional Investors Weigh In On Apollo Commercial Real Estate Finance

A number of institutional investors and hedge funds have recently bought and sold shares of ARI. Luxor Capital Group LP purchased a new position in Apollo Commercial Real Estate Finance during the second quarter valued at $7,342,000. Advisors Asset Management Inc. boosted its holdings 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 valued at $4,304,000 after purchasing an additional 196,122 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of Apollo Commercial Real Estate Finance by 139.4% in the third quarter. Jane Street Group LLC now owns 302,388 shares of the real estate investment trust’s stock worth $2,779,000 after purchasing an additional 176,101 shares during the last quarter. Barclays PLC boosted its stake in Apollo Commercial Real Estate Finance by 65.9% during the third quarter. Barclays PLC now owns 329,462 shares of the real estate investment trust’s stock valued at $3,028,000 after buying an additional 130,892 shares during the last quarter. Finally, Quest Partners LLC grew its holdings in Apollo Commercial Real Estate Finance by 960.9% during the 3rd quarter. Quest Partners LLC now owns 101,641 shares of the real estate investment trust’s stock valued at $934,000 after buying an additional 92,060 shares in the last quarter. 54.43% of the stock is owned by institutional investors.

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.