Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Receives Consensus Rating of “Reduce” from Analysts

Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) have been given an average rating of “Reduce” by the five research firms that are covering the stock, Marketbeat.com 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 target price among brokers that have updated their coverage on the stock in the last year is $10.25.

A number of research analysts recently commented on the company. JPMorgan Chase & Co. boosted their price target on Apollo Commercial Real Estate Finance from $9.50 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday, July 16th. BTIG Research assumed coverage on Apollo Commercial Real Estate Finance in a research note on Friday, July 19th. They issued a “neutral” rating for the company.

Insider Buying and Selling at Apollo Commercial Real Estate Finance

In other Apollo Commercial Real Estate Finance news, Director Scott Prince sold 4,935 shares of Apollo Commercial Real Estate Finance stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $10.12, for a total value of $49,942.20. Following the transaction, the director now owns 81,154 shares in the company, valued at $821,278.48. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.68% of the company’s stock.

Institutional Trading of Apollo Commercial Real Estate Finance

Several hedge funds and other institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC grew its holdings in shares of Apollo Commercial Real Estate Finance by 1.8% during the second quarter. AQR Capital Management LLC now owns 59,621 shares of the real estate investment trust’s stock worth $584,000 after purchasing an additional 1,039 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Apollo Commercial Real Estate Finance by 1.7% during the second quarter. Louisiana State Employees Retirement System now owns 65,800 shares of the real estate investment trust’s stock worth $644,000 after purchasing an additional 1,100 shares during the last quarter. PFG Investments LLC grew its holdings in shares of Apollo Commercial Real Estate Finance by 3.4% during the second quarter. PFG Investments LLC now owns 47,232 shares of the real estate investment trust’s stock worth $462,000 after purchasing an additional 1,550 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of 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 last quarter. Finally, ProShare Advisors LLC grew its holdings in shares of Apollo Commercial Real Estate Finance by 7.5% during the first quarter. ProShare Advisors LLC now owns 28,386 shares of the real estate investment trust’s stock worth $316,000 after purchasing an additional 1,985 shares during the last quarter. 54.43% of the stock is currently owned by institutional investors.

Apollo Commercial Real Estate Finance Stock Down 0.3 %

ARI opened at $8.89 on Tuesday. Apollo Commercial Real Estate Finance has a fifty-two week low of $8.76 and a fifty-two week high of $12.74. The company has a debt-to-equity ratio of 0.63, a quick ratio of 54.21 and a current ratio of 54.21. The company has a market capitalization of $1.26 billion, a P/E ratio of -11.40, a P/E/G ratio of 2.15 and a beta of 1.75. The stock has a fifty day moving average of $10.01 and a 200-day moving average of $10.27.

Apollo Commercial Real Estate Finance Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 11.25%. The ex-dividend date is Monday, September 30th. Apollo Commercial Real Estate Finance’s dividend payout ratio is presently -128.21%.

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.