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

Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) have been assigned an average rating of “Reduce” from the five research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $10.38.

A number of research analysts have commented on ARI shares. Bank of America lowered Apollo Commercial Real Estate Finance from a “neutral” rating to an “underperform” rating and set a $10.50 price objective on the stock. in a research report on Monday, March 4th. TheStreet upgraded Apollo Commercial Real Estate Finance from a “d+” rating to a “c-” rating in a report on Wednesday, March 20th.

Insiders Place Their Bets

In other news, CEO Stuart Rothstein sold 40,000 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $11.45, for a total value of $458,000.00. Following the completion of the transaction, the chief executive officer now owns 541,675 shares of the company’s stock, valued at approximately $6,202,178.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ARI. Mackenzie Financial Corp grew its position in Apollo Commercial Real Estate Finance by 6.1% in the first quarter. Mackenzie Financial Corp now owns 15,016 shares of the real estate investment trust’s stock valued at $209,000 after purchasing an additional 857 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of Apollo Commercial Real Estate Finance by 6.0% in the 3rd quarter. Captrust Financial Advisors now owns 15,230 shares of the real estate investment trust’s stock valued at $126,000 after acquiring an additional 861 shares in the last quarter. Metropolitan Life Insurance Co NY grew its holdings in shares of Apollo Commercial Real Estate Finance by 11.7% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 8,666 shares of the real estate investment trust’s stock valued at $93,000 after acquiring an additional 907 shares in the last quarter. US Bancorp DE increased its position in shares of Apollo Commercial Real Estate Finance by 84.8% in the second quarter. US Bancorp DE now owns 2,230 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 1,023 shares during the last quarter. Finally, NFJ Investment Group LLC raised its holdings in Apollo Commercial Real Estate Finance by 0.3% during the fourth quarter. NFJ Investment Group LLC now owns 314,951 shares of the real estate investment trust’s stock worth $3,389,000 after acquiring an additional 1,049 shares in the last quarter. Institutional investors own 54.43% of the company’s stock.

Apollo Commercial Real Estate Finance Trading Up 0.5 %

Shares of ARI opened at $11.07 on Tuesday. The stock has a fifty day moving average price of $11.01 and a two-hundred day moving average price of $10.95. The company has a debt-to-equity ratio of 0.57, a quick ratio of 67.73 and a current ratio of 67.74. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 36.90 and a beta of 1.67. Apollo Commercial Real Estate Finance has a 52-week low of $8.58 and a 52-week high of $12.74.

Apollo Commercial Real Estate Finance Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 12.65%. The ex-dividend date is Wednesday, March 27th. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently 466.67%.

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.