Apollo Commercial Real Estate Finance (NYSE:ARI) Given New $10.50 Price Target at JPMorgan Chase & Co.

Apollo Commercial Real Estate Finance (NYSE:ARI) had its price target lowered by JPMorgan Chase & Co. from $11.00 to $10.50 in a report published on Wednesday, Benzinga reports. The firm currently has a neutral rating on the real estate investment trust’s stock.

Several other research firms have also commented on ARI. TheStreet upgraded Apollo Commercial Real Estate Finance from a d+ rating to a c- rating in a research report on Wednesday, March 20th. 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. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat, Apollo Commercial Real Estate Finance currently has an average rating of Hold and a consensus target price of $10.38.

Apollo Commercial Real Estate Finance Trading Down 5.0 %

Apollo Commercial Real Estate Finance stock opened at $10.63 on Wednesday. The company has a current ratio of 67.74, a quick ratio of 67.73 and a debt-to-equity ratio of 0.57. Apollo Commercial Real Estate Finance has a 12 month low of $8.94 and a 12 month high of $12.74. The stock’s 50 day simple moving average is $10.99 and its two-hundred day simple moving average is $10.95. The firm has a market cap of $1.51 billion, a PE ratio of 35.43 and a beta of 1.67.

Apollo Commercial Real Estate Finance Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.35 per share. The ex-dividend date is Wednesday, March 27th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 13.17%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is 466.67%.

Insider Activity

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE lifted its holdings in Apollo Commercial Real Estate Finance by 84.8% in the 2nd quarter. US Bancorp DE now owns 2,230 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 1,023 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in Apollo Commercial Real Estate Finance by 721.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 4,310 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 3,785 shares in the last quarter. Naples Money Management LLC purchased a new position in Apollo Commercial Real Estate Finance in the 4th quarter valued at $64,000. EMC Capital Management lifted its holdings in Apollo Commercial Real Estate Finance by 134.6% in the 3rd quarter. EMC Capital Management now owns 6,922 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 3,971 shares in the last quarter. Finally, Belpointe Asset Management LLC lifted its holdings in Apollo Commercial Real Estate Finance by 154.8% in the 1st quarter. Belpointe Asset Management LLC now owns 9,173 shares of the real estate investment trust’s stock valued at $85,000 after purchasing an additional 5,573 shares in the last quarter. Hedge funds and other institutional investors own 54.43% of the company’s stock.

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.