Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Given Consensus Recommendation of “Hold” by Brokerages

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARIGet Free Report) has been assigned an average rating of “Hold” from the five research firms that are covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $11.10.

A number of equities analysts recently weighed in on ARI shares. JPMorgan Chase & Co. raised shares of Apollo Commercial Real Estate Finance from an “underweight” rating to a “neutral” rating and set a $10.50 target price for the company in a research note on Wednesday, August 2nd. StockNews.com initiated coverage on Apollo Commercial Real Estate Finance in a research report on Thursday, August 17th. They issued a “hold” rating for the company.

View Our Latest Analysis on Apollo Commercial Real Estate Finance

Insider Transactions at Apollo Commercial Real Estate Finance

In related news, CEO Stuart Rothstein sold 40,000 shares of the business’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $11.80, for a total value of $472,000.00. Following the completion of the sale, the chief executive officer now directly owns 530,766 shares of the company’s stock, valued at approximately $6,263,038.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.61% of the company’s stock.

Institutional Trading of Apollo Commercial Real Estate Finance

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. US Bancorp DE grew its holdings in shares of Apollo Commercial Real Estate Finance by 84.8% during the second quarter. US Bancorp DE now owns 2,230 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 1,023 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in Apollo Commercial Real Estate Finance by 801.5% during the 2nd quarter. Quadrant Capital Group LLC now owns 2,984 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 2,653 shares during the last quarter. Cary Street Partners Investment Advisory LLC acquired a new position in Apollo Commercial Real Estate Finance during the 2nd quarter valued at about $38,000. Belpointe Asset Management LLC bought a new stake in Apollo Commercial Real Estate Finance during the 4th quarter worth approximately $39,000. Finally, Signaturefd LLC raised its stake in shares of Apollo Commercial Real Estate Finance by 56.2% in the second quarter. Signaturefd LLC now owns 4,096 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,474 shares during the last quarter. Institutional investors own 55.66% of the company’s stock.

Apollo Commercial Real Estate Finance Stock Up 0.7 %

Apollo Commercial Real Estate Finance stock opened at $10.38 on Monday. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 13.48 and a beta of 1.61. Apollo Commercial Real Estate Finance has a 52-week low of $7.91 and a 52-week high of $12.77. The company has a debt-to-equity ratio of 0.65, a quick ratio of 49.19 and a current ratio of 49.19. The firm has a 50 day moving average price of $11.08 and a two-hundred day moving average price of $10.50.

Apollo Commercial Real Estate Finance Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were issued a dividend of $0.35 per share. The ex-dividend date was Thursday, June 29th. This represents a $1.40 annualized dividend and a dividend yield of 13.49%. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently 181.82%.

Apollo Commercial Real Estate Finance Company Profile

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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. It is qualified as a REIT under the Internal Revenue Code.

Further Reading

Analyst Recommendations for Apollo Commercial Real Estate Finance (NYSE:ARI)

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