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Keefe, Bruyette & Woods Has Lowered Expectations for Apollo Commercial Real Estate Finance (NYSE:ARI) Stock Price

Apollo Commercial Real Estate Finance logo with Finance background

Apollo Commercial Real Estate Finance (NYSE:ARI - Free Report) had its price target reduced by Keefe, Bruyette & Woods from $9.00 to $8.75 in a report released on Tuesday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the real estate investment trust's stock.

A number of other analysts have also recently weighed in on the stock. JPMorgan Chase & Co. lowered their target price on shares of Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a "neutral" rating on the stock in a research note on Thursday, October 17th. 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 note on Friday, November 15th. Finally, StockNews.com downgraded Apollo Commercial Real Estate Finance from a "hold" rating to a "sell" rating in a research report on Monday. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $9.31.

Check Out Our Latest Stock Report on Apollo Commercial Real Estate Finance

Apollo Commercial Real Estate Finance Stock Performance

ARI traded up $0.24 during trading on Tuesday, reaching $8.85. 906,149 shares of the company's stock were exchanged, compared to its average volume of 872,006. The company has a market capitalization of $1.22 billion, a P/E ratio of -9.62 and a beta of 1.74. 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 business has a 50 day moving average price of $9.05 and a 200 day moving average price of $9.55. Apollo Commercial Real Estate Finance has a fifty-two week low of $8.44 and a fifty-two week high of $11.97.

Apollo Commercial Real Estate Finance Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.25 dividend. 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 11.30%. Apollo Commercial Real Estate Finance's dividend payout ratio (DPR) is presently -108.70%.

Institutional Investors Weigh In On Apollo Commercial Real Estate Finance

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Future Financial Wealth Managment LLC acquired a new stake in shares of Apollo Commercial Real Estate Finance in the third quarter valued at approximately $44,000. EverSource Wealth Advisors LLC bought a new stake in shares of Apollo Commercial Real Estate Finance during the second quarter worth $59,000. KBC Group NV lifted its stake in shares of 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 valued at $64,000 after acquiring an additional 2,562 shares during the period. Quest Partners LLC boosted its holdings in Apollo Commercial Real Estate Finance by 7,689.4% in the second quarter. Quest Partners LLC now owns 9,581 shares of the real estate investment trust's stock valued at $94,000 after acquiring an additional 9,458 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in Apollo Commercial Real Estate Finance in the third quarter worth about $1,130,000. Institutional investors and hedge funds own 54.43% of the company's stock.

Apollo Commercial Real Estate Finance Company Profile

(Get Free Report)

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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