Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI – Get Free Report) has been assigned an average recommendation of “Reduce” from the four brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $10.38.
A number of brokerages have issued reports on ARI. JPMorgan Chase & Co. reduced their price target on shares of Apollo Commercial Real Estate Finance from $11.00 to $10.50 and set a “neutral” rating on the stock in a report on Wednesday, April 10th. TheStreet upgraded shares of Apollo Commercial Real Estate Finance from a “d+” rating to a “c-” rating in a report on Wednesday, March 20th. Keefe, Bruyette & Woods reduced their price target on shares of Apollo Commercial Real Estate Finance from $11.00 to $10.00 and set a “market perform” rating on the stock in a report on Wednesday. Finally, Bank of America downgraded shares of Apollo Commercial Real Estate Finance from a “neutral” rating to an “underperform” rating and set a $10.50 price target on the stock. in a report on Monday, March 4th.
Read Our Latest Analysis on ARI
Insider Transactions at Apollo Commercial Real Estate Finance
In other news, Director Mark C. Biderman sold 15,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $10.00, for a total value of $150,000.00. Following the sale, the director now directly owns 60,625 shares in the company, valued at approximately $606,250. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Stuart Rothstein sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $10.60, for a total transaction of $424,000.00. Following the transaction, the chief executive officer now owns 415,292 shares of the company’s stock, valued at $4,402,095.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mark C. Biderman sold 15,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $10.00, for a total value of $150,000.00. Following the transaction, the director now owns 60,625 shares of the company’s stock, valued at approximately $606,250. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.
Institutional Trading of Apollo Commercial Real Estate Finance
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Apollo Commercial Real Estate Finance by 20.9% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 182,895 shares of the real estate investment trust’s stock worth $2,037,000 after purchasing an additional 31,572 shares during the last quarter. Hollencrest Capital Management boosted its position in Apollo Commercial Real Estate Finance by 100.0% in the 1st quarter. Hollencrest Capital Management now owns 10,000 shares of the real estate investment trust’s stock valued at $111,000 after buying an additional 5,000 shares during the period. BNP Paribas Financial Markets grew its stake in Apollo Commercial Real Estate Finance by 75.8% in the 1st quarter. BNP Paribas Financial Markets now owns 70,810 shares of the real estate investment trust’s stock worth $789,000 after acquiring an additional 30,540 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in 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 worth $8,798,000 after acquiring an additional 78,833 shares in the last quarter. Finally, Diversify Advisory Services LLC purchased a new position in shares of Apollo Commercial Real Estate Finance during the first quarter worth approximately $169,000. Hedge funds and other institutional investors own 54.43% of the company’s stock.
Apollo Commercial Real Estate Finance Stock Performance
Shares of NYSE ARI opened at $10.05 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 67.73 and a current ratio of 52.35. The company has a market cap of $1.43 billion, a P/E ratio of -12.88 and a beta of 1.69. The firm’s fifty day moving average is $10.87 and its two-hundred day moving average is $11.00. Apollo Commercial Real Estate Finance has a 52-week low of $9.22 and a 52-week high of $12.74.
Apollo Commercial Real Estate Finance Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.35 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 13.93%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is presently -179.49%.
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.
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