Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Given Average Recommendation of “Reduce” by Brokerages

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) has received a consensus recommendation of “Reduce” from the five brokerages that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $9.31.

ARI has been the topic of several recent research reports. Keefe, Bruyette & Woods lowered their target price on 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. UBS Group lowered their target price on Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a “neutral” rating on the stock in a report on Friday, November 15th. JPMorgan Chase & Co. lowered their target price on Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating on the stock in a report on Thursday, October 17th. Finally, StockNews.com cut Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a report on Wednesday, January 29th.

Apollo Commercial Real Estate Finance Trading Down 0.2 %

Shares of Apollo Commercial Real Estate Finance stock opened at $8.86 on Monday. The stock has a market cap of $1.22 billion, a P/E ratio of -9.63 and a beta of 1.74. The stock’s 50 day simple moving average is $8.99 and its 200-day simple moving average is $9.43. Apollo Commercial Real Estate Finance has a 1-year low of $8.44 and a 1-year high of $11.64. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 11.29%. The ex-dividend date was Tuesday, December 31st. Apollo Commercial Real Estate Finance’s dividend payout ratio is presently -108.69%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ARI. Hsbc Holdings PLC lifted its holdings in Apollo Commercial Real Estate Finance by 22.0% in the second quarter. Hsbc Holdings PLC now owns 19,225 shares of the real estate investment trust’s stock valued at $186,000 after acquiring an additional 3,463 shares during the last quarter. Bank of Montreal Can raised its position in Apollo Commercial Real Estate Finance by 11.5% in the second quarter. Bank of Montreal Can now owns 53,248 shares of the real estate investment trust’s stock valued at $538,000 after purchasing an additional 5,476 shares during the period. Squarepoint Ops LLC purchased a new stake in Apollo Commercial Real Estate Finance in the second quarter valued at approximately $442,000. AQR Capital Management LLC raised its position in Apollo Commercial Real Estate Finance by 1.8% in the second quarter. AQR Capital Management LLC now owns 59,621 shares of the real estate investment trust’s stock valued at $584,000 after purchasing an additional 1,039 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in Apollo Commercial Real Estate Finance by 3.0% in the second quarter. The Manufacturers Life Insurance Company now owns 70,256 shares of the real estate investment trust’s stock valued at $688,000 after purchasing an additional 2,037 shares during the period. 54.43% of the stock is currently owned by institutional investors and hedge funds.

Apollo Commercial Real Estate Finance Company Profile

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.