Apollo Commercial Real Estate Finance (NYSE:ARI) Given New $10.00 Price Target at UBS Group

Apollo Commercial Real Estate Finance (NYSE:ARI) had its price target upped by UBS Group from $9.00 to $10.00 in a research note released on Tuesday,Benzinga reports. The firm currently has a neutral rating on the real estate investment trust’s stock.

Several other research analysts also recently weighed in on ARI. StockNews.com upgraded Apollo Commercial Real Estate Finance from a “sell” rating to a “hold” rating in a research note on Saturday, February 15th. Keefe, Bruyette & Woods cut their target price 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. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat, Apollo Commercial Real Estate Finance currently has an average rating of “Hold” and a consensus price target of $9.44.

Apollo Commercial Real Estate Finance Stock Up 0.1 %

ARI stock opened at $10.07 on Tuesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 51.19 and a current ratio of 51.19. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of -10.59 and a beta of 1.74. Apollo Commercial Real Estate Finance has a fifty-two week low of $8.44 and a fifty-two week high of $11.64. The stock has a fifty day moving average of $9.18 and a 200-day moving average of $9.32.

Apollo Commercial Real Estate Finance (NYSE:ARI) last posted its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.07. Apollo Commercial Real Estate Finance had a positive return on equity of 9.37% and a negative net margin of 39.40%. As a group, equities research analysts predict that Apollo Commercial Real Estate Finance will post 0.63 earnings per share for the current year.

Apollo Commercial Real Estate Finance Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.25 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 9.94%. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently -105.26%.

Institutional Trading of Apollo Commercial Real Estate Finance

Several institutional investors and hedge funds have recently modified their holdings of ARI. Smartleaf Asset Management LLC raised its holdings in shares of Apollo Commercial Real Estate Finance by 327.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,045 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 2,332 shares in the last quarter. Sterling Capital Management LLC raised its holdings in shares of Apollo Commercial Real Estate Finance by 783.8% in the 4th quarter. Sterling Capital Management LLC now owns 4,366 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 3,872 shares in the last quarter. CF Capital LLC purchased a new stake in shares of Apollo Commercial Real Estate Finance in the 4th quarter valued at about $52,000. KBC Group NV raised its holdings in shares of Apollo Commercial Real Estate Finance by 57.7% in the 3rd quarter. KBC Group NV now owns 7,002 shares of the real estate investment trust’s stock valued at $64,000 after acquiring an additional 2,562 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new position in shares of Apollo Commercial Real Estate Finance during the 4th quarter valued at about $67,000. Hedge funds and other institutional investors own 54.43% of the company’s stock.

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.