Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI – Get Free Report) has been assigned a consensus rating of “Reduce” from the five analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $9.44.
A number of research firms have weighed in on ARI. StockNews.com upgraded Apollo Commercial Real Estate Finance from a “sell” rating to a “hold” rating in a research note on Saturday, February 15th. UBS Group upped their price target on shares of Apollo Commercial Real Estate Finance from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Apollo Commercial Real Estate Finance from $9.00 to $8.75 and set a “market perform” rating for the company in a report on Tuesday, January 14th.
View Our Latest Report on Apollo Commercial Real Estate Finance
Apollo Commercial Real Estate Finance Stock Performance
Apollo Commercial Real Estate Finance stock opened at $10.07 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 51.19 and a quick ratio of 51.19. The firm has a market capitalization of $1.40 billion, a P/E ratio of -10.59 and a beta of 1.74. Apollo Commercial Real Estate Finance has a 1-year low of $8.44 and a 1-year high of $11.64. The company’s 50-day moving average is $9.18 and its 200 day moving average is $9.32.
Apollo Commercial Real Estate Finance (NYSE:ARI – Get Free Report) last released its earnings results on Monday, February 10th. The real estate investment trust reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.07. Apollo Commercial Real Estate Finance had a positive return on equity of 9.37% and a negative net margin of 39.40%. Research analysts forecast that Apollo Commercial Real Estate Finance will post 0.63 EPS for the current year.
Apollo Commercial Real Estate Finance Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 9.94%. The ex-dividend date of this dividend was Tuesday, December 31st. Apollo Commercial Real Estate Finance’s dividend payout ratio is -105.26%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ARI. AlphaCore Capital LLC raised its holdings in shares of Apollo Commercial Real Estate Finance by 2.8% in the 4th quarter. AlphaCore Capital LLC now owns 41,119 shares of the real estate investment trust’s stock valued at $366,000 after purchasing an additional 1,118 shares in the last quarter. Alpine Global Management LLC bought a new position in shares of Apollo Commercial Real Estate Finance during the fourth quarter valued at approximately $560,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Apollo Commercial Real Estate Finance by 18.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 449,676 shares of the real estate investment trust’s stock valued at $3,894,000 after buying an additional 68,976 shares during the period. ProShare Advisors LLC raised its stake in Apollo Commercial Real Estate Finance by 41.1% in the fourth quarter. ProShare Advisors LLC now owns 41,532 shares of the real estate investment trust’s stock worth $360,000 after buying an additional 12,090 shares in the last quarter. Finally, Nomura Holdings Inc. purchased a new stake in Apollo Commercial Real Estate Finance during the fourth quarter worth $31,684,000. 54.43% of the stock is currently owned by 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.
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