Apollo Commercial Real Estate Finance (NYSE:ARI) Cut to Sell at 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 released on Monday.

A number of other equities analysts have also issued reports on the stock. UBS Group dropped their target price on shares of Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a “neutral” rating on the stock in a research report on Friday, November 15th. JPMorgan Chase & Co. cut their price objective 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. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to MarketBeat.com, Apollo Commercial Real Estate Finance currently has a consensus rating of “Hold” and an average price target of $9.31.

Apollo Commercial Real Estate Finance Stock Performance

ARI opened at $8.92 on Monday. The company has a quick ratio of 46.13, a current ratio of 46.13 and a debt-to-equity ratio of 0.67. The stock’s 50 day moving average price is $9.04 and its two-hundred day moving average price is $9.53. The firm has a market capitalization of $1.23 billion, a P/E ratio of -9.70 and a beta of 1.74. Apollo Commercial Real Estate Finance has a 12-month low of $8.44 and a 12-month high of $11.97.

Apollo Commercial Real Estate Finance Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ARI. Luxor Capital Group LP acquired a new stake in Apollo Commercial Real Estate Finance during the second quarter valued at approximately $7,342,000. Advisors Asset Management Inc. grew its position in Apollo Commercial Real Estate Finance by 72.0% in the third quarter. Advisors Asset Management Inc. now owns 468,335 shares of the real estate investment trust’s stock valued at $4,304,000 after acquiring an additional 196,122 shares during the period. Jane Street Group LLC grew its position in 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 valued at $2,779,000 after acquiring an additional 176,101 shares during the period. Barclays PLC lifted its holdings in shares of 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 acquiring an additional 130,892 shares during the period. Finally, Quest Partners LLC lifted its holdings in shares of Apollo Commercial Real Estate Finance by 960.9% during the third quarter. Quest Partners LLC now owns 101,641 shares of the real estate investment trust’s stock valued at $934,000 after acquiring an additional 92,060 shares during the period. Institutional investors and hedge funds 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.