Apollo Commercial Real Estate Finance (NYSE:ARI) Upgraded to “Hold” 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 research note released on Thursday.

Several other analysts have also recently commented on the company. UBS Group lowered 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 lowered their target price on shares of 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. Finally, JPMorgan Chase & Co. cut their price target on shares of Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating on the stock in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $9.31.

Apollo Commercial Real Estate Finance Price Performance

ARI stock opened at $9.13 on Thursday. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of -9.92 and a beta of 1.74. The stock’s fifty day simple moving average is $8.97 and its 200-day simple moving average is $9.40. Apollo Commercial Real Estate Finance has a 52-week low of $8.44 and a 52-week high of $11.64. 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 announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.95%. The ex-dividend date of this dividend was Tuesday, December 31st. Apollo Commercial Real Estate Finance’s payout ratio is currently -108.69%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC increased its position in shares of 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 worth $584,000 after acquiring an additional 1,039 shares in the last quarter. PFG Investments LLC boosted its position in Apollo Commercial Real Estate Finance by 2.9% during the 3rd quarter. PFG Investments LLC now owns 48,584 shares of the real estate investment trust’s stock worth $446,000 after purchasing an additional 1,352 shares during the period. Inspire Investing LLC increased its holdings in Apollo Commercial Real Estate Finance by 3.0% in the 4th quarter. Inspire Investing LLC now owns 46,143 shares of the real estate investment trust’s stock valued at $400,000 after purchasing an additional 1,364 shares in the last quarter. QRG Capital Management Inc. raised its position in Apollo Commercial Real Estate Finance by 2.2% in the third quarter. QRG Capital Management Inc. now owns 67,502 shares of the real estate investment trust’s stock valued at $620,000 after purchasing an additional 1,456 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Apollo Commercial Real Estate Finance by 3.0% during the second quarter. The Manufacturers Life Insurance Company now owns 70,256 shares of the real estate investment trust’s stock worth $688,000 after purchasing an additional 2,037 shares in the last quarter. 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.