Apollo Commercial Real Estate Finance (NYSE:ARI) Lowered to "Sell" Rating by StockNews.com

StockNews.com cut shares of Apollo Commercial Real Estate Finance (NYSE:ARI - Free Report) from a hold rating to a sell rating in a report issued on Wednesday.

Several other equities analysts also recently commented on ARI. Keefe, Bruyette & Woods lowered their price target on Apollo Commercial Real Estate Finance from $9.00 to $8.75 and set a "market perform" rating on the stock in a report on Tuesday, January 14th. 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. Finally, UBS Group cut their target price on shares of Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a "neutral" rating for the company in a research report on Friday, November 15th. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $9.31.

Apollo Commercial Real Estate Finance Stock Down 0.2 %

Shares of NYSE:ARI traded down $0.02 on Wednesday, reaching $8.86. The company had a trading volume of 688,721 shares, compared to its average volume of 730,020. The stock has a market capitalization of $1.22 billion, a P/E ratio of -9.63 and a beta of 1.74. The stock has a 50-day moving average price of $8.99 and a 200 day moving average price of $9.44. Apollo Commercial Real Estate Finance has a twelve month low of $8.44 and a twelve month high of $11.64. The company has a quick ratio of 46.13, a current ratio of 46.13 and a debt-to-equity ratio of 0.67.

Apollo Commercial Real Estate Finance Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 11.29%. The ex-dividend date was Tuesday, December 31st. Apollo Commercial Real Estate Finance's payout ratio is currently -108.69%.

Institutional Trading of Apollo Commercial Real Estate Finance

Several hedge funds and other institutional investors have recently bought and sold shares of ARI. Future Financial Wealth Managment LLC acquired a new position in shares of Apollo Commercial Real Estate Finance during the third quarter valued at about $44,000. KBC Group NV raised its holdings in Apollo Commercial Real Estate Finance by 57.7% in the 3rd 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 in the last quarter. SG Americas Securities LLC bought a new stake in shares of Apollo Commercial Real Estate Finance in the 4th quarter worth approximately $93,000. CIBC Asset Management Inc acquired a new stake in shares of Apollo Commercial Real Estate Finance during the 4th quarter worth approximately $112,000. Finally, EMC Capital Management increased its position in shares of Apollo Commercial Real Estate Finance by 272.1% during the fourth quarter. EMC Capital Management now owns 14,089 shares of the real estate investment trust's stock valued at $122,000 after purchasing an additional 10,303 shares during the period. 54.43% of the stock is currently owned by institutional investors and hedge funds.

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.