Brokerages Set Apollo Commercial Real Estate Finance (NYSE:ARI) Price Target at $10.19

Apollo Commercial Real Estate Finance (NYSE:ARIGet Free Report) has received a consensus recommendation of “Hold” from the five brokerages that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $10.31.

ARI has been the subject of a number of research reports. Keefe, Bruyette & Woods raised their price target on shares of Apollo Commercial Real Estate Finance from $10.50 to $10.75 and gave the stock an “outperform” rating in a report on Thursday, July 10th. UBS Group lifted their target price on Apollo Commercial Real Estate Finance from $10.00 to $10.50 and gave the company a “neutral” rating in a report on Tuesday. JMP Securities reissued a “market perform” rating on shares of Apollo Commercial Real Estate Finance in a research report on Tuesday, April 29th. JPMorgan Chase & Co. upped their price target on shares of Apollo Commercial Real Estate Finance from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Monday, April 28th. Finally, Wall Street Zen lowered Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a research report on Wednesday, April 23rd.

Get Our Latest Stock Analysis on Apollo Commercial Real Estate Finance

Insider Activity at Apollo Commercial Real Estate Finance

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

Hedge Funds Weigh In On Apollo Commercial Real Estate Finance

Large investors have recently made changes to their positions in the business. Deutsche Bank AG raised its stake in Apollo Commercial Real Estate Finance by 51.0% during the 4th quarter. Deutsche Bank AG now owns 118,656 shares of the real estate investment trust’s stock valued at $1,028,000 after purchasing an additional 40,088 shares during the period. JPMorgan Chase & Co. lifted its position in Apollo Commercial Real Estate Finance by 130.1% during the 4th quarter. JPMorgan Chase & Co. now owns 480,852 shares of the real estate investment trust’s stock worth $4,164,000 after acquiring an additional 271,908 shares during the last quarter. QRG Capital Management Inc. boosted its stake in Apollo Commercial Real Estate Finance by 11.1% during the 1st quarter. QRG Capital Management Inc. now owns 67,816 shares of the real estate investment trust’s stock valued at $649,000 after purchasing an additional 6,787 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of Apollo Commercial Real Estate Finance by 10.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 43,815 shares of the real estate investment trust’s stock valued at $419,000 after acquiring an additional 4,023 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Apollo Commercial Real Estate Finance in the 4th quarter worth $578,000. Institutional investors own 54.43% of the company’s stock.

Apollo Commercial Real Estate Finance Price Performance

Shares of NYSE:ARI opened at $9.85 on Friday. The firm has a 50-day simple moving average of $9.82 and a 200 day simple moving average of $9.45. Apollo Commercial Real Estate Finance has a fifty-two week low of $7.70 and a fifty-two week high of $11.20. The company has a market cap of $1.37 billion, a PE ratio of -328.33, a P/E/G ratio of 0.28 and a beta of 1.46. The company has a quick ratio of 74.89, a current ratio of 74.89 and a debt-to-equity ratio of 0.67.

Apollo Commercial Real Estate Finance Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 10.15%. The ex-dividend date of this dividend was Monday, June 30th. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently -3,333.33%.

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, the United Kingdom, and Europe.

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

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