StockNews.com Upgrades Apollo Commercial Real Estate Finance (NYSE:ARI) to Hold

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

Other analysts also recently issued research reports about the stock. 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 on the stock in a research report on Thursday, October 17th. UBS Group lowered their price objective 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. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $9.63.

Apollo Commercial Real Estate Finance Trading Up 1.6 %

Apollo Commercial Real Estate Finance stock opened at $8.80 on Tuesday. Apollo Commercial Real Estate Finance has a one year low of $8.52 and a one year high of $12.00. The stock has a market cap of $1.22 billion, a PE ratio of -9.57 and a beta of 1.75. The company has a debt-to-equity ratio of 0.67, a quick ratio of 46.13 and a current ratio of 46.13. The stock has a 50-day moving average of $9.06 and a two-hundred day moving average of $9.62.

Apollo Commercial Real Estate Finance Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 11.36%. The ex-dividend date is Tuesday, December 31st. Apollo Commercial Real Estate Finance’s dividend payout ratio is presently -108.70%.

Institutional Trading of Apollo Commercial Real Estate Finance

Several large investors have recently made changes to their positions in ARI. Jane Street Group LLC grew its holdings in Apollo Commercial Real Estate Finance by 139.4% during 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 during the period. Barclays PLC grew its stake in shares of Apollo Commercial Real Estate Finance by 65.9% during the 3rd quarter. Barclays PLC now owns 329,462 shares of the real estate investment trust’s stock worth $3,028,000 after purchasing an additional 130,892 shares during the period. Advisors Asset Management Inc. increased 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 in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Apollo Commercial Real Estate Finance by 36.1% in 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 during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in Apollo Commercial Real Estate Finance by 8.0% during the second quarter. Envestnet Asset Management Inc. now owns 281,902 shares of the real estate investment trust’s stock worth $2,760,000 after buying an additional 20,801 shares in the last quarter. 54.43% of the stock is owned by hedge funds and other institutional investors.

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.