StockNews.com upgraded shares of Apollo Commercial Real Estate Finance (NYSE:ARI - Free Report) from a sell rating to a hold rating in a report issued on Saturday.
Other analysts also recently issued research reports about the stock. UBS Group reduced 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 report on Friday, November 15th. Keefe, Bruyette & Woods decreased their target price on 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. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $9.31.
Read Our Latest Research Report on Apollo Commercial Real Estate Finance
Apollo Commercial Real Estate Finance Stock Performance
Shares of ARI traded down $0.04 during mid-day trading on Friday, reaching $10.07. The company's stock had a trading volume of 137,444 shares, compared to its average volume of 947,304. 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 has a 50-day simple moving average of $9.06 and a two-hundred day simple moving average of $9.33. The stock has a market cap of $1.39 billion, a P/E ratio of -10.94 and a beta of 1.74.
Apollo Commercial Real Estate Finance (NYSE:ARI - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.07. Apollo Commercial Real Estate Finance had a positive return on equity of 9.11% and a negative net margin of 35.84%. As a group, equities research analysts anticipate that Apollo Commercial Real Estate Finance will post 0.2 earnings per share for the current fiscal year.
Apollo Commercial Real Estate Finance Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.94%. Apollo Commercial Real Estate Finance's payout ratio is presently -108.69%.
Institutional Investors Weigh In On Apollo Commercial Real Estate Finance
Hedge funds and other institutional investors have recently made changes to their positions in the business. Smartleaf Asset Management LLC increased its stake in Apollo Commercial Real Estate Finance by 327.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,045 shares of the real estate investment trust's stock worth $27,000 after acquiring an additional 2,332 shares during the period. Sterling Capital Management LLC increased its position in shares of Apollo Commercial Real Estate Finance by 783.8% in the fourth quarter. Sterling Capital Management LLC now owns 4,366 shares of the real estate investment trust's stock worth $38,000 after purchasing an additional 3,872 shares during the period. CF Capital LLC acquired a new position in Apollo Commercial Real Estate Finance in the fourth quarter valued at about $52,000. KBC Group NV lifted its position in 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 worth $64,000 after purchasing an additional 2,562 shares during the period. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in Apollo Commercial Real Estate Finance during the fourth quarter worth about $67,000. 54.43% of the stock is currently owned by institutional investors and hedge funds.
About Apollo Commercial Real Estate Finance
(
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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