Apollo Commercial Real Estate Finance (NYSE:ARI) Reaches New 12-Month Low – Time to Sell?

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)’s stock price reached a new 52-week low on Friday . The company traded as low as $8.52 and last traded at $8.54, with a volume of 77830 shares. The stock had previously closed at $8.78.

Wall Street Analysts Forecast Growth

ARI has been the topic of a number of recent research reports. StockNews.com upgraded shares of Apollo Commercial Real Estate Finance from a “sell” rating to a “hold” rating in a research note on Tuesday, December 31st. JPMorgan Chase & Co. decreased their price objective on shares of Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating for the company in a research note on Thursday, October 17th. Finally, UBS Group decreased 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 research report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat.com, Apollo Commercial Real Estate Finance presently has an average rating of “Hold” and an average target price of $9.63.

Apollo Commercial Real Estate Finance Stock Down 3.1 %

The business has a 50-day moving average price of $9.06 and a 200-day moving average price of $9.57. The stock has a market cap of $1.18 billion, a PE ratio of -9.25 and a beta of 1.74. The company has a current ratio of 46.13, a quick ratio of 46.13 and a debt-to-equity ratio of 0.67.

Apollo Commercial Real Estate Finance Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 11.75%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is presently -108.70%.

Institutional Investors Weigh In On Apollo Commercial Real Estate Finance

A number of large investors have recently modified their holdings of the business. Future Financial Wealth Managment LLC purchased a new stake in Apollo Commercial Real Estate Finance in the 3rd quarter valued at $44,000. EverSource Wealth Advisors LLC purchased a new position in Apollo Commercial Real Estate Finance in the second quarter valued at approximately $59,000. KBC Group NV lifted its holdings in shares of Apollo Commercial Real Estate Finance by 57.7% in 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. Quest Partners LLC boosted its stake 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 worth $94,000 after purchasing an additional 9,458 shares during the period. Finally, Algert Global LLC acquired a new stake in Apollo Commercial Real Estate Finance in the second quarter valued at about $133,000. Hedge funds and other institutional investors own 54.43% of the company’s stock.

Apollo Commercial Real Estate Finance Company Profile

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.