Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Given Average Recommendation of “Reduce” by Brokerages

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) has been given an average recommendation of “Reduce” by the five ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $10.25.

Several equities analysts recently issued reports 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 set a “neutral” rating on the stock.

Apollo Commercial Real Estate Finance Trading Down 6.7 %

Shares of NYSE:ARI opened at $9.51 on Friday. The company has a 50 day moving average price of $10.39 and a 200 day moving average price of $10.46. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of -12.19, a PEG ratio of 2.17 and a beta of 1.76. The company has a debt-to-equity ratio of 0.63, a quick ratio of 54.21 and a current ratio of 54.21. Apollo Commercial Real Estate Finance has a 1-year low of $9.14 and a 1-year high of $12.74.

Apollo Commercial Real Estate Finance Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.52%. The ex-dividend date is Monday, September 30th. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently -179.49%.

Insider Buying and Selling

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 that occurred on Thursday, August 8th. The stock was sold at an average price of $10.12, for a total transaction of $49,942.20. Following the sale, the director now directly owns 81,154 shares of the company’s stock, valued at approximately $821,278.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.68% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ARI. Norges Bank purchased a new position in shares of Apollo Commercial Real Estate Finance in the 4th quarter worth $12,006,000. Luxor Capital Group LP acquired a new stake in Apollo Commercial Real Estate Finance during the 2nd quarter worth about $7,342,000. Van ECK Associates Corp lifted its position in Apollo Commercial Real Estate Finance by 32.1% during the second quarter. Van ECK Associates Corp now owns 1,034,316 shares of the real estate investment trust’s stock valued at $10,126,000 after purchasing an additional 251,280 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Apollo Commercial Real Estate Finance by 6.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,961,777 shares of the real estate investment trust’s stock worth $23,031,000 after buying an additional 120,055 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Apollo Commercial Real Estate Finance by 11.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 789,761 shares of the real estate investment trust’s stock valued at $8,798,000 after purchasing an additional 78,833 shares in the last quarter. Institutional investors own 54.43% of the company’s stock.

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.