Apollo Commercial Real Estate Finance (NYSE:ARI) Price Target Raised to $10.00 at UBS Group

Apollo Commercial Real Estate Finance (NYSE:ARI) had its price objective boosted by UBS Group from $9.00 to $10.00 in a report released on Tuesday morning,Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

Several other analysts also recently issued reports on ARI. StockNews.com upgraded Apollo Commercial Real Estate Finance from a “sell” rating to a “hold” rating in a research report on Saturday, February 15th. Keefe, Bruyette & Woods cut 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 research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $9.44.

Apollo Commercial Real Estate Finance Stock Performance

NYSE:ARI opened at $10.08 on Tuesday. Apollo Commercial Real Estate Finance has a twelve month low of $8.44 and a twelve month high of $11.64. The company has a market capitalization of $1.40 billion, a P/E ratio of -10.61 and a beta of 1.74. The company has a current ratio of 51.19, a quick ratio of 51.19 and a debt-to-equity ratio of 0.67. The firm has a 50-day moving average price of $9.15 and a two-hundred day moving average price of $9.32.

Apollo Commercial Real Estate Finance (NYSE:ARI) last issued its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.07. Apollo Commercial Real Estate Finance had a negative net margin of 39.40% and a positive return on equity of 9.37%. As a group, research analysts expect that Apollo Commercial Real Estate Finance will post 0.63 earnings per share for the current fiscal year.

Apollo Commercial Real Estate Finance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.93%. The ex-dividend date was Tuesday, December 31st. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently -105.26%.

Hedge Funds Weigh In On Apollo Commercial Real Estate Finance

Several large investors have recently added to or reduced their stakes in the business. Jane Street Group LLC grew its holdings in Apollo Commercial Real Estate Finance by 139.4% in the 3rd quarter. Jane Street Group LLC now owns 302,388 shares of the real estate investment trust’s stock valued at $2,779,000 after buying an additional 176,101 shares during the period. Barclays PLC boosted its position in shares of Apollo Commercial Real Estate Finance by 65.9% in the third quarter. Barclays PLC now owns 329,462 shares of the real estate investment trust’s stock worth $3,028,000 after acquiring an additional 130,892 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in Apollo Commercial Real Estate Finance by 72.0% in the third quarter. Advisors Asset Management Inc. now owns 468,335 shares of the real estate investment trust’s stock valued at $4,304,000 after purchasing an additional 196,122 shares during the period. SG Americas Securities LLC acquired a new position in Apollo Commercial Real Estate Finance during the fourth quarter worth approximately $93,000. Finally, Van ECK Associates Corp raised its stake in Apollo Commercial Real Estate Finance by 12.1% during the fourth quarter. Van ECK Associates Corp now owns 1,063,511 shares of the real estate investment trust’s stock worth $9,210,000 after purchasing an additional 115,109 shares during the period. 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.