Apollo Commercial Real Estate Finance (NYSE:ARI) Given a $10.50 Price Target at UBS Group

UBS Group set a $10.50 price target on Apollo Commercial Real Estate Finance (NYSE:ARI) in a research note released on Tuesday, MarketBeat reports. The brokerage currently has a neutral rating on the real estate investment trust’s stock.

Several other equities analysts have also recently weighed in on ARI. BTIG Research raised Apollo Commercial Real Estate Finance from a “neutral” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Wednesday, April 23rd. JPMorgan Chase & Co. upped their price target on Apollo Commercial Real Estate Finance from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Monday, April 28th. Wall Street Zen downgraded Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a research report on Wednesday, April 23rd. Keefe, Bruyette & Woods increased their price target on Apollo Commercial Real Estate Finance from $10.50 to $10.75 and gave the company an “outperform” rating in a research report on Thursday, July 10th. Finally, JMP Securities reissued a “market perform” rating on shares of Apollo Commercial Real Estate Finance in a report on Tuesday, April 29th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Apollo Commercial Real Estate Finance presently has an average rating of “Hold” and an average target price of $10.31.

Apollo Commercial Real Estate Finance Stock Down 0.7%

ARI stock opened at $9.87 on Tuesday. The company has a quick ratio of 74.89, a current ratio of 74.89 and a debt-to-equity ratio of 0.67. The business has a 50 day moving average price of $9.84 and a two-hundred day moving average price of $9.46. The company has a market cap of $1.37 billion, a price-to-earnings ratio of -328.90, a P/E/G ratio of 0.27 and a beta of 1.46. Apollo Commercial Real Estate Finance has a twelve month low of $7.70 and a twelve month high of $11.20.

Apollo Commercial Real Estate Finance Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.13%. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently -3,333.33%.

Insider Activity at Apollo Commercial Real Estate Finance

In other news, Director Mark C. Biderman sold 10,000 shares of the business’s stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $9.48, for a total transaction of $94,800.00. Following the completion of the sale, the director owned 60,787 shares of the company’s stock, valued at $576,260.76. The trade was a 14.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Stuart Rothstein sold 52,074 shares of the company’s stock in a transaction on Monday, June 16th. The stock was sold at an average price of $9.83, for a total transaction of $511,887.42. Following the completion of the transaction, the chief executive officer directly owned 333,854 shares of the company’s stock, valued at $3,281,784.82. This represents a 13.49% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.

Hedge Funds Weigh In On Apollo Commercial Real Estate Finance

Hedge funds and other institutional investors have recently modified their holdings of the business. Versant Capital Management Inc raised its holdings in shares of Apollo Commercial Real Estate Finance by 57.9% in the first quarter. Versant Capital Management Inc now owns 3,425 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 1,256 shares during the last quarter. CWM LLC grew its position in shares of Apollo Commercial Real Estate Finance by 39.2% in the first quarter. CWM LLC now owns 3,858 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 1,087 shares during the period. Sterling Capital Management LLC boosted its position in Apollo Commercial Real Estate Finance by 783.8% during the fourth quarter. Sterling Capital Management LLC now owns 4,366 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 3,872 shares during the last quarter. Signaturefd LLC raised its stake in Apollo Commercial Real Estate Finance by 55.6% during the second quarter. Signaturefd LLC now owns 4,059 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 1,451 shares during the period. Finally, CF Capital LLC purchased a new position in Apollo Commercial Real Estate Finance during the fourth quarter worth about $52,000. 54.43% of the stock is currently owned by 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.