Apollo Commercial Real Estate Finance (NYSE:ARI) Stock Has Average Price Target of $11.33

Apollo Commercial Real Estate Finance (NYSE:ARI) has earned a consensus rating of “Hold” from the six ratings firms that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $11.33.

A number of analysts recently commented on ARI shares. BTIG Research cut Apollo Commercial Real Estate Finance from a “buy” rating to a “neutral” rating in a research report on Thursday, June 25th. Wall Street Zen raised shares of Apollo Commercial Real Estate Finance from a “sell” rating to a “hold” rating in a research note on Monday. Zacks Research raised shares of Apollo Commercial Real Estate Finance from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 15th. Finally, Weiss Ratings downgraded shares of Apollo Commercial Real Estate Finance from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, August 31st.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of Apollo Commercial Real Estate Finance in the second quarter valued at $127,411,000. Empyrean Capital Partners LP purchased a new position in Apollo Commercial Real Estate Finance during the first quarter worth about $9,332,000. Greenland Capital Management LP purchased a new position in Apollo Commercial Real Estate Finance during the second quarter worth about $9,238,000. Bank of New York Mellon Corp acquired a new stake in Apollo Commercial Real Estate Finance in the 2nd quarter worth about $6,767,000. Finally, Azora Capital LP acquired a new stake in Apollo Commercial Real Estate Finance in the 2nd quarter worth about $6,727,000. 54.43% of the stock is currently owned by institutional investors and hedge funds.

Apollo Commercial Real Estate Finance Stock Performance

Shares of NYSE:ARI opened at $6.25 on Tuesday. The business’s fifty day moving average price is $6.63 and its two-hundred day moving average price is $9.01. The stock has a market cap of $802.73 million, a PE ratio of 7.81 and a beta of 1.40. Apollo Commercial Real Estate Finance has a one year low of $6.11 and a one year high of $11.24.

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

Apollo Commercial Real Estate Finance Increases Dividend

The company 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 represents a $15.00 dividend on an annualized basis and a yield of 240.2%. This is a positive change from Apollo Commercial Real Estate Finance’s previous quarterly dividend of $0.25. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is 125.00%.

About Apollo Commercial Real Estate Finance

Apollo Commercial Real Estate Finance, Inc (NYSE:ARI) is a real estate investment trust (REIT) that originates, acquires, invests in and manages commercial real estate debt. The company primarily focuses on loans secured by institutional-quality properties and seeks to generate income from a diversified portfolio of commercial real estate investments.

Its investments may include senior mortgage loans, mezzanine loans, subordinated debt and other commercial real estate-related financing arrangements.