Apollo Commercial Real Estate Finance (NYSE:ARI) Given New $8.75 Price Target at Keefe, Bruyette & Woods

Apollo Commercial Real Estate Finance (NYSE:ARI) had its price target decreased by Keefe, Bruyette & Woods from $9.00 to $8.75 in a research note issued to investors on Tuesday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the real estate investment trust’s stock.

Several other equities analysts have also recently issued reports on ARI. JPMorgan Chase & Co. dropped 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 research report on Thursday, October 17th. UBS Group lowered their target price on shares of Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a “neutral” rating on the stock in a research report on Friday, November 15th. Finally, StockNews.com lowered Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a report on Monday. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat, Apollo Commercial Real Estate Finance has an average rating of “Hold” and an average target price of $9.31.

Apollo Commercial Real Estate Finance Trading Up 2.8 %

Shares of Apollo Commercial Real Estate Finance stock opened at $8.85 on Tuesday. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of -9.62 and a beta of 1.74. Apollo Commercial Real Estate Finance has a 52-week low of $8.44 and a 52-week high of $11.97. The company’s 50-day simple moving average is $9.04 and its 200-day simple moving average is $9.54. The company has a quick ratio of 46.13, a current ratio of 46.13 and a debt-to-equity ratio of 0.67.

Apollo Commercial Real Estate Finance Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.30%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is presently -108.70%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Future Financial Wealth Managment LLC purchased a new stake in Apollo Commercial Real Estate Finance in the 3rd quarter valued at about $44,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Apollo Commercial Real Estate Finance in the second quarter valued at about $59,000. KBC Group NV grew its position in Apollo Commercial Real Estate Finance by 57.7% in the third 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. Quest Partners LLC grew its holdings in Apollo Commercial Real Estate Finance by 7,689.4% during the 2nd 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 in the last quarter. Finally, Algert Global LLC acquired a new stake in shares of Apollo Commercial Real Estate Finance during the second quarter valued at about $133,000. 54.43% of the stock is currently owned by institutional investors and hedge funds.

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.