Apollo Commercial Real Estate Finance (NYSE:ARI) Receives $11.33 Average Price Target from Brokerages

Shares of Apollo Commercial Real Estate Finance (NYSE:ARI) have earned a consensus rating of “Hold” from the six ratings firms that are currently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $11.3333.

Several brokerages recently weighed in on ARI. Weiss Ratings cut Apollo Commercial Real Estate Finance from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, August 31st. Zacks Research upgraded Apollo Commercial Real Estate Finance from a “strong sell” rating to a “hold” rating in a research report on Tuesday. BTIG Research lowered Apollo Commercial Real Estate Finance from a “buy” rating to a “neutral” rating in a research note on Thursday, June 25th. Finally, Wall Street Zen cut shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a report on Sunday, September 6th.

Apollo Commercial Real Estate Finance Stock Performance

ARI stock opened at $6.46 on Friday. The company has a market capitalization of $831.01 million, a PE ratio of 8.08 and a beta of 1.36. Apollo Commercial Real Estate Finance has a one year low of $6.43 and a one year high of $11.24. The company’s 50 day moving average price is $7.08 and its two-hundred day moving average price is $9.46.

Apollo Commercial Real Estate Finance (NYSE:ARI) last issued its earnings results on Tuesday, August 11th. The real estate investment trust reported ($2.62) EPS for the quarter. Apollo Commercial Real Estate Finance had a return on equity of 7.39% and a net margin of 55.49%.The business had revenue of $44.38 million during the quarter. On average, research analysts predict that Apollo Commercial Real Estate Finance will post -0.18 EPS for the current year.

Apollo Commercial Real Estate Finance Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a $3.75 dividend. This represents a $15.00 dividend on an annualized basis and a yield of 232.0%. This is a positive change from Apollo Commercial Real Estate Finance’s previous quarterly dividend of $0.25. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is 125.00%.

Institutional Trading of Apollo Commercial Real Estate Finance

A number of institutional investors have recently modified their holdings of ARI. BlackRock Inc. purchased a new stake in Apollo Commercial Real Estate Finance in the 2nd quarter worth approximately $127,411,000. Empyrean Capital Partners LP bought a new position in shares of Apollo Commercial Real Estate Finance during the first quarter valued at approximately $9,332,000. Greenland Capital Management LP bought a new position in shares of Apollo Commercial Real Estate Finance during the second quarter valued at approximately $9,238,000. First Trust Advisors LP lifted its stake in Apollo Commercial Real Estate Finance by 23.0% in the first quarter. First Trust Advisors LP now owns 782,514 shares of the real estate investment trust’s stock worth $8,263,000 after acquiring an additional 146,131 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in Apollo Commercial Real Estate Finance in the second quarter worth $6,767,000. 54.43% of the stock is currently owned by hedge funds and other institutional investors.

Apollo Commercial Real Estate Finance Company Profile

Apollo Commercial Real Estate Finance, Inc (NYSE: ARI) is a real estate investment trust (REIT) that originates, acquires and manages commercial real estate debt investments. The company primarily seeks income from loans and other financing arrangements secured by commercial properties.

Its investment activities may include senior mortgage loans, subordinate and mezzanine financing, preferred equity investments, commercial mortgage-backed securities and other commercial real estate-related assets.