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

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) has earned an average recommendation of “Reduce” from the five research firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $9.31.

A number of analysts have commented on the stock. StockNews.com downgraded shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a report on Monday. Keefe, Bruyette & Woods dropped their target price on shares of Apollo Commercial Real Estate Finance from $9.00 to $8.75 and set a “market perform” rating for the company in a report on Tuesday. JPMorgan Chase & Co. dropped their target price on shares of Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating for the company in a report on Thursday, October 17th. Finally, UBS Group dropped their price target on shares of 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.

Hedge Funds Weigh In On Apollo Commercial Real Estate Finance

Institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC increased its position 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 acquiring an additional 176,101 shares in the last quarter. Barclays PLC lifted its position in Apollo Commercial Real Estate Finance by 65.9% in the 3rd quarter. Barclays PLC now owns 329,462 shares of the real estate investment trust’s stock valued at $3,028,000 after purchasing an additional 130,892 shares during the last quarter. Advisors Asset Management Inc. lifted its position in Apollo Commercial Real Estate Finance by 72.0% in 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. Victory Capital Management Inc. boosted its stake in Apollo Commercial Real Estate Finance by 36.1% during the 2nd quarter. Victory Capital Management Inc. now owns 225,123 shares of the real estate investment trust’s stock valued at $2,204,000 after purchasing an additional 59,764 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Apollo Commercial Real Estate Finance by 8.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 281,902 shares of the real estate investment trust’s stock worth $2,760,000 after purchasing an additional 20,801 shares in the last quarter. Hedge funds and other institutional investors own 54.43% of the company’s stock.

Apollo Commercial Real Estate Finance Price Performance

NYSE:ARI opened at $8.92 on Thursday. The firm’s fifty day moving average is $9.04 and its two-hundred day moving average is $9.53. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of -9.70 and a beta of 1.74. Apollo Commercial Real Estate Finance has a one year low of $8.44 and a one year high of $11.97. The company has a debt-to-equity ratio of 0.67, a quick ratio of 46.13 and a current ratio of 46.13.

Apollo Commercial Real Estate Finance Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 11.21%. The ex-dividend date of this dividend was Tuesday, December 31st. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is presently -108.70%.

Apollo Commercial Real Estate Finance Company Profile

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.