Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Receives $10.13 Average PT from Analysts

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) has been given a consensus recommendation of “Hold” by the five brokerages that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $10.13.

ARI has been the topic of several recent analyst reports. Wall Street Zen cut Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a report on Wednesday, April 23rd. BTIG Research raised Apollo Commercial Real Estate Finance from a “neutral” rating to a “buy” rating and set a $11.00 target price on the stock in a report on Wednesday, April 23rd. JPMorgan Chase & Co. boosted their target price on Apollo Commercial Real Estate Finance from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Monday, April 28th. JMP Securities reissued a “market perform” rating on shares of Apollo Commercial Real Estate Finance in a report on Tuesday, April 29th. Finally, Keefe, Bruyette & Woods boosted their target price on Apollo Commercial Real Estate Finance from $10.00 to $10.50 and gave the stock an “outperform” rating in a report on Tuesday, April 29th.

Insiders Place Their Bets

In other Apollo Commercial Real Estate Finance news, Director Carmencita N.M. Whonder sold 11,000 shares of Apollo Commercial Real Estate Finance stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $9.96, for a total transaction of $109,560.00. Following the transaction, the director now directly owns 9,624 shares in the company, valued at approximately $95,855.04. The trade was a 53.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mark C. Biderman sold 10,000 shares of Apollo Commercial Real Estate Finance stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $9.48, for a total transaction of $94,800.00. Following the transaction, the director now owns 60,787 shares in the company, valued at approximately $576,260.76. The trade was a 14.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 73,074 shares of company stock worth $724,579. 0.68% of the stock is owned by insiders.

Hedge Funds Weigh In On Apollo Commercial Real Estate Finance

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its position in Apollo Commercial Real Estate Finance by 327.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,045 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 2,332 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Apollo Commercial Real Estate Finance by 57.9% during the 1st quarter. Versant Capital Management Inc now owns 3,425 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 1,256 shares in the last quarter. CWM LLC grew its holdings in shares of Apollo Commercial Real Estate Finance by 39.2% during the 1st quarter. CWM LLC now owns 3,858 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 1,087 shares in the last quarter. Sterling Capital Management LLC grew its holdings in shares of Apollo Commercial Real Estate Finance by 783.8% during the 4th quarter. Sterling Capital Management LLC now owns 4,366 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 3,872 shares in the last quarter. Finally, CF Capital LLC purchased a new position in shares of Apollo Commercial Real Estate Finance during the 4th quarter valued at $52,000. 54.43% of the stock is currently owned by hedge funds and other institutional investors.

Apollo Commercial Real Estate Finance Price Performance

Shares of NYSE:ARI opened at $9.64 on Friday. Apollo Commercial Real Estate Finance has a 12 month low of $7.70 and a 12 month high of $11.20. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of -10.14 and a beta of 1.49. The stock’s 50 day moving average price is $9.22 and its 200 day moving average price is $9.27. The company has a debt-to-equity ratio of 0.67, a current ratio of 51.19 and a quick ratio of 51.19.

Apollo Commercial Real Estate Finance Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.25 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.00 annualized dividend and a yield of 10.38%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is -3,333.33%.

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.