Apollo Commercial Real Estate Finance (NYSE:ARI) Receives $10.13 Consensus Price Target from Brokerages

Shares of Apollo Commercial Real Estate Finance (NYSE:ARI) have earned a consensus recommendation of “Hold” from the five analysts that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $10.13.

Several equities analysts have recently weighed in on ARI shares. JPMorgan Chase & Co. increased their price objective on shares of Apollo Commercial Real Estate Finance from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note 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. BTIG Research raised shares of Apollo Commercial Real Estate Finance from a “neutral” rating to a “buy” rating and set a $11.00 target price for the company in a report on Wednesday, April 23rd. UBS Group reissued a “neutral” rating and issued a $10.00 target price (up from $9.00) on shares of Apollo Commercial Real Estate Finance in a report on Wednesday, May 21st. Finally, Keefe, Bruyette & Woods increased their target price on shares of 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.

Apollo Commercial Real Estate Finance Trading Up 0.5%

Apollo Commercial Real Estate Finance stock opened at $9.85 on Wednesday. The company has a current ratio of 74.89, a quick ratio of 74.89 and a debt-to-equity ratio of 0.67. The business’s fifty day simple moving average is $9.50 and its two-hundred day simple moving average is $9.36. Apollo Commercial Real Estate Finance has a 12 month low of $7.70 and a 12 month high of $11.20. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of -328.43, a price-to-earnings-growth ratio of 0.27 and a beta of 1.48.

Apollo Commercial Real Estate Finance Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 10.15%. The ex-dividend date of this dividend is Monday, June 30th. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is currently -3,333.33%.

Insider Buying and Selling at Apollo Commercial Real Estate Finance

In other Apollo Commercial Real Estate Finance news, Director Mark C. Biderman sold 10,000 shares of the stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $9.48, for a total transaction of $94,800.00. Following the completion of the sale, the director now directly owns 60,787 shares of the company’s stock, valued at $576,260.76. This trade represents a 14.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Stuart Rothstein sold 52,074 shares of the stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $9.83, for a total value of $511,887.42. Following the transaction, the chief executive officer now owns 333,854 shares of the company’s stock, valued at $3,281,784.82. This represents a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Apollo Commercial Real Estate Finance by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 15,236,601 shares of the real estate investment trust’s stock worth $131,949,000 after buying an additional 135,785 shares during the last quarter. Nomura Holdings Inc. bought a new stake in Apollo Commercial Real Estate Finance in the fourth quarter worth $31,684,000. Charles Schwab Investment Management Inc. lifted its position in Apollo Commercial Real Estate Finance by 2.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,326,569 shares of the real estate investment trust’s stock worth $22,265,000 after buying an additional 63,191 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Apollo Commercial Real Estate Finance by 89.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,855,116 shares of the real estate investment trust’s stock worth $17,753,000 after buying an additional 877,675 shares during the last quarter. Finally, Northern Trust Corp lifted its position in Apollo Commercial Real Estate Finance by 14.9% in the fourth quarter. Northern Trust Corp now owns 1,745,469 shares of the real estate investment trust’s stock worth $15,116,000 after buying an additional 226,399 shares during the last quarter. 54.43% of the stock is currently owned by institutional investors.

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.