Apollo Commercial Real Estate Finance (NYSE:ARI) Upgraded at StockNews.com

StockNews.com upgraded shares of Apollo Commercial Real Estate Finance (NYSE:ARI) from a sell rating to a hold rating in a report issued on Saturday.

ARI has been the subject of a number of other research reports. UBS Group decreased their price target on Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a “neutral” rating for the company in a report on Friday, November 15th. Keefe, Bruyette & Woods decreased their price target on Apollo Commercial Real Estate Finance from $9.00 to $8.75 and set a “market perform” rating for the company in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat.com, Apollo Commercial Real Estate Finance presently has a consensus rating of “Hold” and a consensus price target of $9.31.

Apollo Commercial Real Estate Finance Stock Up 0.2 %

Shares of NYSE:ARI opened at $10.10 on Friday. 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 1 year low of $8.44 and a 1 year high of $11.64. The stock has a market capitalization of $1.40 billion, a P/E ratio of -10.97 and a beta of 1.74. The stock has a 50-day simple moving average of $9.06 and a 200-day simple moving average of $9.33.

Apollo Commercial Real Estate Finance (NYSE:ARI) last issued its earnings results on Monday, February 10th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.07. Apollo Commercial Real Estate Finance had a positive return on equity of 9.11% and a negative net margin of 35.84%. Equities analysts forecast that Apollo Commercial Real Estate Finance will post 0.2 earnings per share for the current year.

Apollo Commercial Real Estate Finance Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 9.91%. The ex-dividend date of this dividend was Tuesday, December 31st. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently -105.26%.

Institutional Investors Weigh In On Apollo Commercial Real Estate Finance

Several institutional investors and hedge funds have recently made changes to their positions in ARI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Apollo Commercial Real Estate Finance by 18.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 449,676 shares of the real estate investment trust’s stock worth $3,894,000 after buying an additional 68,976 shares during the last quarter. ProShare Advisors LLC grew its stake in Apollo Commercial Real Estate Finance by 41.1% during the 4th quarter. ProShare Advisors LLC now owns 41,532 shares of the real estate investment trust’s stock worth $360,000 after buying an additional 12,090 shares during the last quarter. Nomura Holdings Inc. bought a new position in Apollo Commercial Real Estate Finance during the 4th quarter worth $31,684,000. Nuveen Asset Management LLC grew its stake in Apollo Commercial Real Estate Finance by 26.5% during the 4th quarter. Nuveen Asset Management LLC now owns 666,730 shares of the real estate investment trust’s stock worth $5,774,000 after buying an additional 139,643 shares during the last quarter. Finally, Millennium Management LLC grew its stake in Apollo Commercial Real Estate Finance by 265.3% during the 4th quarter. Millennium Management LLC now owns 232,627 shares of the real estate investment trust’s stock worth $2,015,000 after buying an additional 168,948 shares during the last quarter. 54.43% of the stock is 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.