Apollo Commercial Real Estate Finance (NYSE:ARI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Apollo Commercial Real Estate Finance (NYSE:ARI) from a sell rating to a hold rating in a research report released on Saturday,Wall Street Zen reports.

Other equities analysts have also issued research reports about the company. Weiss Ratings lowered Apollo Commercial Real Estate Finance from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, August 31st. BTIG Research cut shares of Apollo Commercial Real Estate Finance from a “buy” rating to a “neutral” rating in a report on Thursday, June 25th. Finally, Zacks Research upgraded shares of Apollo Commercial Real Estate Finance from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 15th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.33.

Apollo Commercial Real Estate Finance Trading Up 0.6%

Shares of ARI opened at $6.46 on Friday. The business’s fifty day simple moving average is $6.92 and its two-hundred day simple moving average is $9.40. Apollo Commercial Real Estate Finance has a 12 month low of $6.36 and a 12 month high of $11.24. The company has a market cap of $830.37 million, a price-to-earnings ratio of 8.07 and a beta of 1.36.

Apollo Commercial Real Estate Finance (NYSE:ARI) last posted its quarterly earnings results on Tuesday, August 11th. The real estate investment trust reported ($2.62) earnings per share for the quarter. The business had revenue of $44.38 million during the quarter. Apollo Commercial Real Estate Finance had a return on equity of 7.39% and a net margin of 55.49%. As a group, research analysts forecast that Apollo Commercial Real Estate Finance will post -0.18 EPS for the current year.

Apollo Commercial Real Estate Finance Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $3.75 per share. This is an increase from Apollo Commercial Real Estate Finance’s previous quarterly dividend of $0.25. This represents a $15.00 annualized dividend and a yield of 232.2%. Apollo Commercial Real Estate Finance’s payout ratio is 125.00%.

Institutional Trading of Apollo Commercial Real Estate Finance

A number of hedge funds and other institutional investors have recently bought and sold shares of ARI. BlackRock Inc. bought a new stake in Apollo Commercial Real Estate Finance during the 2nd quarter worth approximately $127,411,000. Renaissance Technologies LLC purchased a new position in shares of Apollo Commercial Real Estate Finance in the first quarter valued at about $3,459,000. Greenland Capital Management LP purchased a new position in shares of Apollo Commercial Real Estate Finance in the second quarter valued at about $9,238,000. Readystate Asset Management LP bought a new position in shares of Apollo Commercial Real Estate Finance in the first quarter worth about $4,760,000. Finally, NewGen Asset Management Ltd purchased a new stake in shares of Apollo Commercial Real Estate Finance during the first quarter worth about $3,228,000. 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 (NYSE: ARI) is a real estate investment trust (REIT) that originates, acquires and manages commercial real estate debt investments. The company primarily seeks income from loans and other financing arrangements secured by commercial properties.

Its investment activities may include senior mortgage loans, subordinate and mezzanine financing, preferred equity investments, commercial mortgage-backed securities and other commercial real estate-related assets.