Apollo Commercial Real Estate Finance (NYSE:ARI) Given New $9.50 Price Target at UBS Group

Apollo Commercial Real Estate Finance (NYSE:ARI - Free Report) had its target price lowered by UBS Group from $10.00 to $9.50 in a research note issued to investors on Friday morning,Benzinga reports. UBS Group currently has a neutral rating on the real estate investment trust's stock.

A number of other equities research analysts have also recently commented on ARI. BTIG Research assumed coverage on Apollo Commercial Real Estate Finance in a research note on Friday, July 19th. They issued a "neutral" rating for the company. JPMorgan Chase & Co. dropped their price target on Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a "neutral" rating on the stock in a report on Thursday, October 17th. Finally, StockNews.com lowered Apollo Commercial Real Estate Finance from a "hold" rating to a "sell" rating in a report on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat, Apollo Commercial Real Estate Finance currently has an average rating of "Hold" and a consensus price target of $9.63.

Apollo Commercial Real Estate Finance Trading Down 0.4 %

Apollo Commercial Real Estate Finance stock traded down $0.04 during trading hours on Friday, hitting $9.08. The stock had a trading volume of 1,236,505 shares, compared to its average volume of 954,525. Apollo Commercial Real Estate Finance has a one year low of $8.52 and a one year high of $12.74. 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 stock has a market cap of $1.25 billion, a price-to-earnings ratio of -9.86 and a beta of 1.75. The business's 50 day simple moving average is $9.15 and its 200-day simple moving average is $9.85.

Apollo Commercial Real Estate Finance Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 11.02%. The ex-dividend date was Monday, September 30th. Apollo Commercial Real Estate Finance's payout ratio is -108.70%.

Hedge Funds Weigh In On Apollo Commercial Real Estate Finance

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Triad Wealth Partners LLC bought a new stake in shares of Apollo Commercial Real Estate Finance in the 2nd quarter valued at about $43,000. Future Financial Wealth Managment LLC bought a new position in Apollo Commercial Real Estate Finance during the 3rd quarter valued at approximately $44,000. EverSource Wealth Advisors LLC bought a new position in Apollo Commercial Real Estate Finance during the 2nd quarter valued at approximately $59,000. KBC Group NV raised its position in Apollo Commercial Real Estate Finance by 57.7% during the 3rd quarter. KBC Group NV now owns 7,002 shares of the real estate investment trust's stock valued at $64,000 after purchasing an additional 2,562 shares during the last quarter. Finally, Quest Partners LLC raised its position in 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 purchasing an additional 9,458 shares during the last quarter. 54.43% of the stock is currently owned by hedge funds and other institutional investors.

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.