Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Receives $9.44 Average Price Target from Brokerages

Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) have been given a consensus rating of “Hold” by the four research firms that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating. The average 1-year target price among brokers that have covered the stock in the last year is $9.08.

A number of research firms recently commented on ARI. UBS Group lifted their price target on shares of Apollo Commercial Real Estate Finance from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. StockNews.com raised Apollo Commercial Real Estate Finance from a “sell” rating to a “hold” rating in a research report on Saturday, February 15th. Finally, Keefe, Bruyette & Woods cut 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 research note on Tuesday, January 14th.

Insider Activity at Apollo Commercial Real Estate Finance

In other Apollo Commercial Real Estate Finance news, Director Carmencita N.M. Whonder sold 11,000 shares of Apollo Commercial Real Estate Finance stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $9.96, for a total transaction of $109,560.00. Following the completion of the transaction, the director now owns 9,624 shares of the company’s stock, valued at $95,855.04. The trade was a 53.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.68% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Apollo Commercial Real Estate Finance

A number of large investors have recently modified their holdings of ARI. Vanguard Group Inc. increased its holdings in Apollo Commercial Real Estate Finance by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 15,236,601 shares of the real estate investment trust’s stock worth $131,949,000 after acquiring an additional 135,785 shares during the period. Nomura Holdings Inc. purchased a new position in shares of Apollo Commercial Real Estate Finance during the 4th quarter valued at $31,684,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Apollo Commercial Real Estate Finance by 7.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,263,378 shares of the real estate investment trust’s stock worth $19,601,000 after purchasing an additional 162,089 shares during the period. Northern Trust Corp raised its position in shares of Apollo Commercial Real Estate Finance by 14.9% in the fourth quarter. Northern Trust Corp now owns 1,745,469 shares of the real estate investment trust’s stock worth $15,116,000 after buying an additional 226,399 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in Apollo Commercial Real Estate Finance by 12.1% during the fourth quarter. Van ECK Associates Corp now owns 1,063,511 shares of the real estate investment trust’s stock valued at $9,210,000 after buying an additional 115,109 shares during the period. 54.43% of the stock is currently owned by institutional investors.

Apollo Commercial Real Estate Finance Trading Down 0.2 %

Shares of Apollo Commercial Real Estate Finance stock opened at $9.97 on Friday. The stock has a fifty day moving average price of $9.30 and a 200-day moving average price of $9.33. The company has a debt-to-equity ratio of 0.67, a current ratio of 51.19 and a quick ratio of 51.19. The firm has a market cap of $1.38 billion, a PE ratio of -10.49 and a beta of 1.74. Apollo Commercial Real Estate Finance has a 1 year low of $8.44 and a 1 year high of $11.64.

Apollo Commercial Real Estate Finance (NYSE:ARI) last posted its quarterly earnings data 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 negative net margin of 39.40% and a positive return on equity of 9.37%. Equities research analysts anticipate that Apollo Commercial Real Estate Finance will post 0.63 EPS for the current year.

Apollo Commercial Real Estate Finance Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.04%. The ex-dividend date of this dividend was Tuesday, December 31st. Apollo Commercial Real Estate Finance’s payout ratio is currently -105.26%.

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.