Apollo Commercial Real Estate Finance (NYSE:ARI) Cut to “Hold” at Zacks Research

Zacks Research lowered shares of Apollo Commercial Real Estate Finance (NYSE:ARI) from a strong-buy rating to a hold rating in a report issued on Tuesday,Zacks.com reports.

ARI has been the subject of several other reports. UBS Group raised their target price on shares of Apollo Commercial Real Estate Finance from $10.00 to $10.50 and gave the stock a “neutral” rating in a research report on Tuesday, July 15th. Keefe, Bruyette & Woods raised their target price on shares of Apollo Commercial Real Estate Finance from $10.50 to $10.75 and gave the stock an “outperform” rating in a research report on Thursday, July 10th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $10.31.

Apollo Commercial Real Estate Finance Trading Up 1.5%

NYSE:ARI opened at $10.67 on Tuesday. The company has a 50-day moving average price of $10.22 and a 200-day moving average price of $9.77. Apollo Commercial Real Estate Finance has a 12 month low of $7.70 and a 12 month high of $11.11. The company has a current ratio of 98.25, a quick ratio of 98.25 and a debt-to-equity ratio of 0.66. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of -76.21, a P/E/G ratio of 0.30 and a beta of 1.57.

Apollo Commercial Real Estate Finance Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 9.4%. The ex-dividend date of this dividend is Tuesday, September 30th. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is -714.29%.

Insider Transactions at Apollo Commercial Real Estate Finance

In related news, CEO Stuart Rothstein sold 52,073 shares of Apollo Commercial Real Estate Finance stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $10.78, for a total transaction of $561,346.94. Following the completion of the transaction, the chief executive officer directly owned 281,781 shares of the company’s stock, valued at $3,037,599.18. This trade represents a 15.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.68% of the stock is currently owned by company insiders.

Institutional Trading of Apollo Commercial Real Estate Finance

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC bought a new stake in Apollo Commercial Real Estate Finance during the 2nd quarter valued at about $271,921,000. Charles Schwab Investment Management Inc. increased its stake in Apollo Commercial Real Estate Finance by 2.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,326,569 shares of the real estate investment trust’s stock valued at $22,265,000 after purchasing an additional 63,191 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Apollo Commercial Real Estate Finance by 5.2% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,951,609 shares of the real estate investment trust’s stock valued at $18,892,000 after purchasing an additional 96,493 shares in the last quarter. Invesco Ltd. increased its stake in Apollo Commercial Real Estate Finance by 50.4% during the 2nd quarter. Invesco Ltd. now owns 1,291,072 shares of the real estate investment trust’s stock valued at $12,498,000 after purchasing an additional 432,377 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Apollo Commercial Real Estate Finance by 1.3% during the 1st quarter. Bank of New York Mellon Corp now owns 1,036,715 shares of the real estate investment trust’s stock valued at $9,921,000 after purchasing an additional 13,774 shares in 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.