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

Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI - Get Free Report) have earned an average recommendation of "Reduce" from the five brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $9.31.

Several research firms have commented on ARI. StockNews.com raised shares of Apollo Commercial Real Estate Finance from a "sell" rating to a "hold" rating in a report on Thursday. UBS Group lowered their price objective on 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. Keefe, Bruyette & Woods dropped their price target on shares of 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. Finally, JPMorgan Chase & Co. reduced their price target on Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a "neutral" rating for the company in a report on Thursday, October 17th.

Hedge Funds Weigh In On Apollo Commercial Real Estate Finance

Institutional investors have recently bought and sold shares of the company. Jane Street Group LLC increased its holdings in shares of Apollo Commercial Real Estate Finance by 139.4% during the 3rd 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. Barclays PLC raised its stake in shares of 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 valued at $3,028,000 after acquiring an additional 130,892 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of Apollo Commercial Real Estate Finance by 72.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 468,335 shares of the real estate investment trust's stock worth $4,304,000 after acquiring an additional 196,122 shares during the last quarter. Quest Partners LLC lifted its holdings in shares of Apollo Commercial Real Estate Finance by 960.9% in the 3rd quarter. Quest Partners LLC now owns 101,641 shares of the real estate investment trust's stock worth $934,000 after acquiring an additional 92,060 shares during the last quarter. Finally, Private Advisor Group LLC boosted its position in shares of Apollo Commercial Real Estate Finance by 9.0% during the 3rd quarter. Private Advisor Group LLC now owns 28,872 shares of the real estate investment trust's stock worth $265,000 after purchasing an additional 2,382 shares during the period. 54.43% of the stock is owned by hedge funds and other institutional investors.

Apollo Commercial Real Estate Finance Stock Performance

Shares of NYSE ARI traded down $0.03 during midday trading on Monday, reaching $9.13. The company had a trading volume of 1,061,204 shares, compared to its average volume of 831,762. The stock has a market cap of $1.26 billion, a P/E ratio of -9.92 and a beta of 1.74. The company has a current ratio of 46.13, a quick ratio of 46.13 and a debt-to-equity ratio of 0.67. Apollo Commercial Real Estate Finance has a 1 year low of $8.44 and a 1 year high of $11.64. The business's 50-day simple moving average is $8.97 and its 200 day simple moving average is $9.40.

Apollo Commercial Real Estate Finance Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.95%. The ex-dividend date was Tuesday, December 31st. Apollo Commercial Real Estate Finance's dividend payout ratio (DPR) is presently -108.69%.

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.