Apollo Commercial Real Estate Finance (NYSE:ARI) Earns Neutral Rating from Bank of America

Bank of America restated their neutral rating on shares of Apollo Commercial Real Estate Finance (NYSE:ARIGet Rating) in a report issued on Monday morning, The Fly reports. They currently have a $12.00 price objective on the real estate investment trust’s stock.

Several other analysts have also recently issued reports on ARI. Credit Suisse Group decreased their target price on shares of Apollo Commercial Real Estate Finance to $11.00 in a research report on Thursday, October 13th. JPMorgan Chase & Co. decreased their target price on shares of Apollo Commercial Real Estate Finance from $11.00 to $9.50 and set an underweight rating on the stock in a research report on Monday, October 24th. Finally, StockNews.com initiated coverage on shares of Apollo Commercial Real Estate Finance in a research report on Wednesday, October 12th. They set a hold rating on the stock.

Apollo Commercial Real Estate Finance Stock Up 0.1 %

Shares of ARI stock opened at $11.98 on Monday. The stock has a market cap of $1.68 billion, a P/E ratio of 6.37 and a beta of 1.54. Apollo Commercial Real Estate Finance has a 52 week low of $7.91 and a 52 week high of $14.55. The company has a quick ratio of 22.02, a current ratio of 22.02 and a debt-to-equity ratio of 0.62. The company’s fifty day simple moving average is $10.45 and its two-hundred day simple moving average is $11.25.

Apollo Commercial Real Estate Finance Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 14th. Stockholders of record on Friday, September 30th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 11.69%. The ex-dividend date was Thursday, September 29th. Apollo Commercial Real Estate Finance’s dividend payout ratio is 74.47%.

Insider Buying and Selling

In other news, CEO Stuart Rothstein acquired 15,000 shares of Apollo Commercial Real Estate Finance stock in a transaction that occurred on Monday, November 7th. The shares were bought at an average cost of $11.18 per share, with a total value of $167,700.00. Following the transaction, the chief executive officer now directly owns 452,676 shares of the company’s stock, valued at approximately $5,060,917.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.73% of the stock is currently owned by corporate insiders.

Institutional Trading of Apollo Commercial Real Estate Finance

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ARI. CWM LLC raised its position in Apollo Commercial Real Estate Finance by 100.9% in the 2nd quarter. CWM LLC now owns 2,475 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 1,243 shares during the period. Meeder Asset Management Inc. purchased a new stake in Apollo Commercial Real Estate Finance in the 1st quarter worth about $31,000. Newbridge Financial Services Group Inc. purchased a new stake in Apollo Commercial Real Estate Finance in the 3rd quarter worth about $42,000. Geneos Wealth Management Inc. raised its position in Apollo Commercial Real Estate Finance by 721.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 4,310 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 3,785 shares during the period. Finally, EMC Capital Management raised its position in Apollo Commercial Real Estate Finance by 51.2% in the 2nd quarter. EMC Capital Management now owns 6,140 shares of the real estate investment trust’s stock worth $64,000 after purchasing an additional 2,080 shares during the period. 55.57% of the stock is owned by hedge funds and other institutional investors.

About Apollo Commercial Real Estate Finance

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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. It is qualified as a REIT under the Internal Revenue Code.

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