Apollo Commercial Real Estate Finance (NYSE:ARI) Raised to Hold 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 Saturday.

Other equities research analysts have also recently issued research reports about the stock. UBS Group dropped 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. 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 on the stock in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $9.31.

Apollo Commercial Real Estate Finance Price Performance

NYSE:ARI opened at $10.10 on Friday. The stock has a market cap of $1.39 billion, a P/E ratio of -10.97 and a beta of 1.74. Apollo Commercial Real Estate Finance has a one year low of $8.44 and a one year high of $11.64. The company has a fifty day moving average price of $9.04 and a 200 day moving average price of $9.34. The company has a debt-to-equity ratio of 0.67, a current ratio of 46.13 and a quick ratio of 46.13.

Apollo Commercial Real Estate Finance (NYSE:ARI) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.07. Apollo Commercial Real Estate Finance had a negative net margin of 35.84% and a positive return on equity of 9.11%. Analysts anticipate that Apollo Commercial Real Estate Finance will post 0.2 earnings per share for the current year.

Apollo Commercial Real Estate Finance Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.91%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is presently -108.69%.

Institutional Trading of Apollo Commercial Real Estate Finance

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Everence Capital Management Inc. grew its stake in shares of Apollo Commercial Real Estate Finance by 17.2% in the third quarter. Everence Capital Management Inc. now owns 24,020 shares of the real estate investment trust’s stock valued at $221,000 after buying an additional 3,530 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of Apollo Commercial Real Estate Finance by 9.0% in the third quarter. Private Advisor Group LLC now owns 28,872 shares of the real estate investment trust’s stock valued at $265,000 after buying an additional 2,382 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Apollo Commercial Real Estate Finance in the third quarter valued at $1,130,000. PFG Investments LLC grew its stake in shares of Apollo Commercial Real Estate Finance by 2.9% in the third quarter. PFG Investments LLC now owns 48,584 shares of the real estate investment trust’s stock valued at $446,000 after buying an additional 1,352 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Apollo Commercial Real Estate Finance by 46.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 42,224 shares of the real estate investment trust’s stock valued at $388,000 after buying an additional 13,348 shares in the last quarter. 54.43% of the stock is currently owned by institutional investors and hedge funds.

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.