Apollo Commercial Real Estate Finance (NYSE:ARI) Reaches New 1-Year Low - Here's Why

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI - Get Free Report)'s stock price reached a new 52-week low during trading on Friday . The company traded as low as $8.52 and last traded at $8.54, with a volume of 77830 shares changing hands. The stock had previously closed at $8.78.

Analyst Upgrades and Downgrades

ARI has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of 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. UBS Group reduced their target price on Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a "neutral" rating for the company in a report on Friday, November 15th. Finally, StockNews.com raised Apollo Commercial Real Estate Finance from a "sell" rating to a "hold" rating in a report on Tuesday, December 31st. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company's stock. According to data from MarketBeat, Apollo Commercial Real Estate Finance currently has an average rating of "Hold" and a consensus target price of $9.63.

Apollo Commercial Real Estate Finance Stock Performance

The business's 50-day simple moving average is $9.06 and its 200 day simple moving average is $9.57. The firm has a market cap of $1.18 billion, a P/E ratio of -9.30 and a beta of 1.74. The company has a debt-to-equity ratio of 0.67, a quick ratio of 46.13 and a current ratio of 46.13.

Apollo Commercial Real Estate Finance Announces Dividend

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 $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 11.68%. The ex-dividend date of this dividend is Tuesday, December 31st. Apollo Commercial Real Estate Finance's dividend payout ratio is -108.70%.

Hedge Funds Weigh In On Apollo Commercial Real Estate Finance

Institutional investors and hedge funds have recently made changes to their positions in the business. Commonwealth Equity Services LLC lifted its position in Apollo Commercial Real Estate Finance by 8.5% during the second quarter. Commonwealth Equity Services LLC now owns 60,500 shares of the real estate investment trust's stock valued at $592,000 after purchasing an additional 4,714 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Apollo Commercial Real Estate Finance by 36.1% in the second quarter. Victory Capital Management Inc. now owns 225,123 shares of the real estate investment trust's stock worth $2,204,000 after buying an additional 59,764 shares during the period. Quest Partners LLC lifted its position in shares of Apollo Commercial Real Estate Finance by 7,689.4% during the 2nd quarter. Quest Partners LLC now owns 9,581 shares of the real estate investment trust's stock valued at $94,000 after buying an additional 9,458 shares in the last quarter. PFG Investments LLC grew its stake in shares of Apollo Commercial Real Estate Finance by 3.4% during the 2nd quarter. PFG Investments LLC now owns 47,232 shares of the real estate investment trust's stock valued at $462,000 after acquiring an additional 1,550 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in Apollo Commercial Real Estate Finance by 8.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 281,902 shares of the real estate investment trust's stock worth $2,760,000 after acquiring an additional 20,801 shares in the last quarter. Hedge funds and other institutional investors own 54.43% of the company's stock.

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.