Apollo Commercial Real Estate Finance (NYSE:ARI) Upgraded at StockNews.com

StockNews.com upgraded shares of Apollo Commercial Real Estate Finance (NYSE:ARI) from a sell rating to a hold rating in a research note published on Tuesday morning.

Several other brokerages have also recently weighed in on ARI. JPMorgan Chase & Co. lowered their price objective on shares of Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating on the stock in a research note on Thursday, October 17th. 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. Finally, Keefe, Bruyette & Woods reduced their target price 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. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $9.31.

Apollo Commercial Real Estate Finance Price Performance

Shares of NYSE:ARI opened at $8.90 on Tuesday. The firm’s 50 day moving average price is $9.02 and its 200-day moving average price is $9.51. Apollo Commercial Real Estate Finance has a twelve month low of $8.44 and a twelve month high of $11.97. 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 capitalization of $1.23 billion, a PE ratio of -9.67 and a beta of 1.74.

Apollo Commercial Real Estate Finance Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 11.24%. The ex-dividend date was Tuesday, December 31st. Apollo Commercial Real Estate Finance’s dividend payout ratio is -108.70%.

Institutional Investors Weigh In On Apollo Commercial Real Estate Finance

Institutional investors have recently added to or reduced their stakes in the stock. Future Financial Wealth Managment LLC purchased a new stake in Apollo Commercial Real Estate Finance during the 3rd quarter valued at approximately $44,000. EverSource Wealth Advisors LLC purchased a new stake in Apollo Commercial Real Estate Finance during the 2nd quarter valued at approximately $59,000. KBC Group NV grew its holdings 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 buying an additional 2,562 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Apollo Commercial Real Estate Finance during the 4th quarter valued at approximately $93,000. Finally, EMC Capital Management grew its holdings in shares of Apollo Commercial Real Estate Finance by 272.1% in the fourth quarter. EMC Capital Management now owns 14,089 shares of the real estate investment trust’s stock valued at $122,000 after purchasing an additional 10,303 shares in the last quarter. 54.43% of the stock is 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.