Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI - Get Free Report) have been given an average rating of "Reduce" by the five brokerages that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $9.44.
A number of analysts have weighed in on ARI shares. StockNews.com raised shares of Apollo Commercial Real Estate Finance from a "sell" rating to a "hold" rating in a report on Saturday, February 15th. UBS Group boosted their target price on shares of Apollo Commercial Real Estate Finance from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods dropped their target price on Apollo Commercial Real Estate Finance from $9.00 to $8.75 and set a "market perform" rating on the stock in a research report on Tuesday, January 14th.
Check Out Our Latest Stock Report on ARI
Apollo Commercial Real Estate Finance Stock Down 1.7 %
Apollo Commercial Real Estate Finance stock traded down $0.18 during mid-day trading on Friday, reaching $9.96. 850,208 shares of the company were exchanged, compared to its average volume of 930,363. The business has a fifty day moving average of $9.23 and a 200 day moving average of $9.32. The company has a debt-to-equity ratio of 0.67, a quick ratio of 51.19 and a current ratio of 51.19. Apollo Commercial Real Estate Finance has a 12-month low of $8.44 and a 12-month high of $11.64. The firm has a market cap of $1.38 billion, a P/E ratio of -10.48 and a beta of 1.74.
Apollo Commercial Real Estate Finance (NYSE:ARI - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.30 EPS for the quarter, topping the consensus estimate of $0.23 by $0.07. Apollo Commercial Real Estate Finance had a positive return on equity of 9.37% and a negative net margin of 39.40%. Research analysts anticipate that Apollo Commercial Real Estate Finance will post 0.63 earnings per share for the current fiscal year.
Apollo Commercial Real Estate Finance Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 10.05%. Apollo Commercial Real Estate Finance's dividend payout ratio is currently -105.26%.
Hedge Funds Weigh In On Apollo Commercial Real Estate Finance
Several institutional investors and hedge funds have recently made changes to their positions in ARI. Smartleaf Asset Management LLC boosted its stake in shares of Apollo Commercial Real Estate Finance by 327.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,045 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 2,332 shares in the last quarter. Sterling Capital Management LLC raised its stake in shares of Apollo Commercial Real Estate Finance by 783.8% in the fourth quarter. Sterling Capital Management LLC now owns 4,366 shares of the real estate investment trust's stock worth $38,000 after purchasing an additional 3,872 shares during the last quarter. CF Capital LLC purchased a new position in Apollo Commercial Real Estate Finance during the fourth quarter worth about $52,000. KBC Group NV increased its holdings in Apollo Commercial Real Estate Finance by 57.7% during the third quarter. KBC Group NV now owns 7,002 shares of the real estate investment trust's stock worth $64,000 after buying an additional 2,562 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new position in shares of Apollo Commercial Real Estate Finance during the 4th quarter valued at $67,000. Institutional investors and hedge funds own 54.43% of the company's stock.
About Apollo Commercial Real Estate Finance
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Get Free ReportApollo 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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