Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI – Get Rating) have been assigned an average rating of “Hold” from the seven analysts that are covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating. The average twelve-month price objective among analysts that have covered the stock in the last year is $10.80.
A number of equity analysts recently commented on ARI shares. BTIG Research reiterated a “neutral” rating on shares of Apollo Commercial Real Estate Finance in a research report on Tuesday. JPMorgan Chase & Co. lowered their target price on shares of Apollo Commercial Real Estate Finance from $11.00 to $9.00 in a report on Monday. StockNews.com assumed coverage on shares of Apollo Commercial Real Estate Finance in a research report on Thursday, March 16th. They issued a “hold” rating on the stock. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Apollo Commercial Real Estate Finance from $11.50 to $10.00 and set a “market perform” rating on the stock in a research report on Thursday, April 13th.
Apollo Commercial Real Estate Finance Stock Performance
NYSE ARI opened at $10.00 on Tuesday. Apollo Commercial Real Estate Finance has a 1 year low of $7.91 and a 1 year high of $13.10. The company has a debt-to-equity ratio of 0.63, a current ratio of 36.70 and a quick ratio of 36.70. The stock has a market capitalization of $1.41 billion, a PE ratio of 6.29 and a beta of 1.59. The company’s 50 day simple moving average is $9.97 and its two-hundred day simple moving average is $10.87.
Apollo Commercial Real Estate Finance Announces Dividends
The firm also recently announced a quarterly dividend, which was paid on Friday, April 14th. Stockholders of record on Friday, March 31st were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 14.00%. The ex-dividend date of this dividend was Thursday, March 30th. Apollo Commercial Real Estate Finance’s payout ratio is 88.05%.
Institutional Investors Weigh In On Apollo Commercial Real Estate Finance
Hedge funds have recently modified their holdings of the company. MAS Advisors LLC raised its holdings in Apollo Commercial Real Estate Finance by 17.1% in the first quarter. MAS Advisors LLC now owns 110,840 shares of the real estate investment trust’s stock valued at $1,535,000 after acquiring an additional 16,168 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Apollo Commercial Real Estate Finance by 1.0% in the 1st quarter. Bank of New York Mellon Corp now owns 1,378,310 shares of the real estate investment trust’s stock valued at $19,200,000 after purchasing an additional 13,735 shares during the last quarter. Natixis Advisors LP raised its position in Apollo Commercial Real Estate Finance by 28.0% during the 1st quarter. Natixis Advisors LP now owns 22,392 shares of the real estate investment trust’s stock worth $312,000 after buying an additional 4,899 shares during the last quarter. MetLife Investment Management LLC increased its stake in shares of Apollo Commercial Real Estate Finance by 57.3% during the first quarter. MetLife Investment Management LLC now owns 73,379 shares of the real estate investment trust’s stock worth $1,022,000 after acquiring an additional 26,742 shares during the period. Finally, the Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Apollo Commercial Real Estate Finance by 14.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 113,890 shares of the real estate investment trust’s stock worth $1,586,000 after purchasing an additional 14,502 shares in the last quarter. Hedge funds and other institutional investors own 54.57% of the company’s stock.
About Apollo Commercial Real Estate Finance
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Apollo Commercial Real Estate Finance, Inc. engages in the provision of real estate investment trust. It offers loan programs that include senior loans, subordinate debt, bridge loans, and preferred equity. The company was founded on June 29, 2009 and is headquartered in New York, NY.
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