Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Receives Average Rating of "Reduce" from Analysts

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI - Get Free Report) has earned a consensus recommendation of "Reduce" from the five ratings firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $9.63.

A number of analysts recently issued reports on ARI shares. JPMorgan Chase & Co. lowered their price target on shares of Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a "neutral" rating on the stock in a report on Thursday, October 17th. StockNews.com lowered shares of Apollo Commercial Real Estate Finance from a "hold" rating to a "sell" rating in a research note on Monday, November 4th. Finally, UBS Group cut their price target on 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.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Barclays PLC lifted its stake in Apollo Commercial Real Estate Finance by 65.9% in 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 in the last quarter. Y Intercept Hong Kong Ltd lifted its position in Apollo Commercial Real Estate Finance by 619.3% during the third quarter. Y Intercept Hong Kong Ltd now owns 87,163 shares of the real estate investment trust's stock worth $801,000 after buying an additional 75,046 shares in the last quarter. Jane Street Group LLC boosted its stake 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 buying an additional 176,101 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in Apollo Commercial Real Estate Finance by 1.1% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 578,210 shares of the real estate investment trust's stock valued at $5,314,000 after buying an additional 6,200 shares in the last quarter. Finally, Paloma Partners Management Co acquired a new stake in shares of Apollo Commercial Real Estate Finance in the 3rd quarter worth $143,000. Hedge funds and other institutional investors own 54.43% of the company's stock.

Apollo Commercial Real Estate Finance Stock Performance

ARI traded down $0.09 during trading on Friday, reaching $9.16. 1,196,560 shares of the company's stock were exchanged, compared to its average volume of 959,064. The company has a debt-to-equity ratio of 0.67, a current ratio of 46.13 and a quick ratio of 46.13. Apollo Commercial Real Estate Finance has a 1 year low of $8.52 and a 1 year high of $12.74. The company's fifty day simple moving average is $9.02 and its 200-day simple moving average is $9.72. The stock has a market capitalization of $1.27 billion, a P/E ratio of -9.96 and a beta of 1.75.

Apollo Commercial Real Estate Finance Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.92%. Apollo Commercial Real Estate Finance's payout ratio is currently -108.70%.

About Apollo Commercial Real Estate Finance

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.