Apollo Commercial Real Estate Finance (NYSE:ARI) Price Target Cut to $9.50 by Analysts at UBS Group

Apollo Commercial Real Estate Finance (NYSE:ARI) had its price objective reduced by UBS Group from $10.00 to $9.50 in a report published on Friday,Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

ARI has been the subject of several other reports. BTIG Research began coverage on Apollo Commercial Real Estate Finance in a report on Friday, July 19th. They issued a “neutral” rating for the company. StockNews.com lowered Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a report on Monday, November 4th. Finally, JPMorgan Chase & Co. reduced their target price on Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating for the company in a report on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat, Apollo Commercial Real Estate Finance presently has a consensus rating of “Hold” and an average price target of $9.63.

Apollo Commercial Real Estate Finance Stock Down 0.4 %

Shares of Apollo Commercial Real Estate Finance stock traded down $0.04 during trading on Friday, hitting $9.07. 1,236,905 shares of the stock traded hands, compared to its average volume of 954,525. The stock has a market cap of $1.25 billion, a P/E ratio of -9.86 and a beta of 1.75. The company has a debt-to-equity ratio of 0.67, a quick ratio of 46.13 and a current ratio of 46.13. Apollo Commercial Real Estate Finance has a twelve month low of $8.52 and a twelve month high of $12.74. The company has a fifty day moving average price of $9.15 and a two-hundred day moving average price of $9.85.

Apollo Commercial Real Estate Finance Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 11.03%. The ex-dividend date was Monday, September 30th. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently -108.70%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Triad Wealth Partners LLC bought a new position in Apollo Commercial Real Estate Finance in the 2nd quarter worth approximately $43,000. Future Financial Wealth Managment LLC bought a new position in Apollo Commercial Real Estate Finance in the 3rd quarter worth approximately $44,000. EverSource Wealth Advisors LLC bought a new position in Apollo Commercial Real Estate Finance in the 2nd quarter worth approximately $59,000. KBC Group NV increased its position in shares of Apollo Commercial Real Estate Finance by 57.7% during the third quarter. KBC Group NV now owns 7,002 shares of the real estate investment trust’s stock valued at $64,000 after purchasing an additional 2,562 shares during the period. Finally, Quest Partners LLC increased its position in shares of Apollo Commercial Real Estate Finance by 7,689.4% during the second quarter. Quest Partners LLC now owns 9,581 shares of the real estate investment trust’s stock valued at $94,000 after purchasing an additional 9,458 shares during the period. 54.43% of the stock is 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.