Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Receives $9.88 Consensus Target Price from Brokerages

Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI - Get Free Report) have been given an average rating of "Reduce" by the five analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $9.88.

A number of analysts have recently issued reports on ARI shares. BTIG Research began coverage on shares of Apollo Commercial Real Estate Finance in a research note on Friday, July 19th. They issued a "neutral" rating for the company. JPMorgan Chase & Co. cut 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 research note on Thursday, October 17th.

Insider Activity

In related news, Director Scott Prince sold 4,935 shares of the business's stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $10.12, for a total value of $49,942.20. Following the sale, the director now directly owns 81,154 shares in the company, valued at approximately $821,278.48. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.68% of the company's stock.

Institutional Investors Weigh In On Apollo Commercial Real Estate Finance

Large investors have recently bought and sold shares of the business. Triad Wealth Partners LLC purchased a new stake in Apollo Commercial Real Estate Finance during the second quarter valued at approximately $43,000. Future Financial Wealth Managment LLC purchased a new stake in Apollo Commercial Real Estate Finance during the 3rd quarter valued at $44,000. EverSource Wealth Advisors LLC bought a new stake in Apollo Commercial Real Estate Finance in the second quarter worth $59,000. Quest Partners LLC boosted its stake in Apollo Commercial Real Estate Finance by 7,689.4% during the second quarter. Quest Partners LLC now owns 9,581 shares of the real estate investment trust's stock worth $94,000 after buying an additional 9,458 shares during the period. Finally, Hollencrest Capital Management increased its position in Apollo Commercial Real Estate Finance by 100.0% during the first quarter. Hollencrest Capital Management now owns 10,000 shares of the real estate investment trust's stock valued at $111,000 after acquiring an additional 5,000 shares during the last quarter. Institutional investors own 54.43% of the company's stock.

Apollo Commercial Real Estate Finance Stock Performance

NYSE:ARI traded down $0.04 during mid-day trading on Friday, hitting $8.82. 1,243,465 shares of the company traded hands, compared to its average volume of 918,997. The stock's fifty day moving average price is $9.55 and its 200-day moving average price is $10.02. The company has a quick ratio of 54.21, a current ratio of 54.21 and a debt-to-equity ratio of 0.63. Apollo Commercial Real Estate Finance has a one year low of $8.52 and a one year high of $12.74. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of -11.31, a price-to-earnings-growth ratio of 1.93 and a beta of 1.75.

Apollo Commercial Real Estate Finance Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 11.34%. The ex-dividend date was Monday, September 30th. Apollo Commercial Real Estate Finance's payout ratio is currently -128.21%.

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.