Brokerages Set Apollo Commercial Real Estate Finance (NYSE:ARI) Target Price at $10.75

Shares of Apollo Commercial Real Estate Finance (NYSE:ARI) have earned a consensus recommendation of “Hold” from the seven research firms that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $10.75.

A number of brokerages have weighed in on ARI. JPMorgan Chase & Co. raised shares of Apollo Commercial Real Estate Finance from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $10.00 to $10.50 in a research note on Monday. Keefe, Bruyette & Woods boosted their target price on shares of Apollo Commercial Real Estate Finance from $10.75 to $11.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Weiss Ratings upgraded shares of Apollo Commercial Real Estate Finance from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 8th. UBS Group boosted their price objective 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. Finally, Zacks Research cut shares of Apollo Commercial Real Estate Finance from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th.

Apollo Commercial Real Estate Finance Trading Down 0.7%

Shares of ARI opened at $10.26 on Tuesday. The stock has a fifty day moving average price of $10.36 and a two-hundred day moving average price of $9.84. The company has a debt-to-equity ratio of 0.66, a quick ratio of 98.25 and a current ratio of 98.25. Apollo Commercial Real Estate Finance has a 52-week low of $7.70 and a 52-week high of $11.11. The company has a market cap of $1.42 billion, a price-to-earnings ratio of -73.25, a PEG ratio of 0.59 and a beta of 1.60.

Apollo Commercial Real Estate Finance (NYSE:ARI) last released its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). Apollo Commercial Real Estate Finance had a negative net margin of 1.49% and a positive return on equity of 8.42%. The business had revenue of $43.07 million during the quarter, compared to the consensus estimate of $48.40 million. Analysts predict that Apollo Commercial Real Estate Finance will post 0.63 EPS for the current fiscal year.

Apollo Commercial Real Estate Finance Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.8%. The ex-dividend date of this dividend was Tuesday, September 30th. Apollo Commercial Real Estate Finance’s payout ratio is -714.29%.

Insider Activity

In related news, CEO Stuart Rothstein sold 52,073 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $10.78, for a total transaction of $561,346.94. Following the completion of the sale, the chief executive officer directly owned 281,781 shares of the company’s stock, valued at approximately $3,037,599.18. This represents a 15.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.68% of the stock is owned by company insiders.

Institutional Investors Weigh In On Apollo Commercial Real Estate Finance

Several large investors have recently made changes to their positions in ARI. Kingstone Capital Partners Texas LLC bought a new stake in shares of Apollo Commercial Real Estate Finance during the second quarter worth $271,921,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Apollo Commercial Real Estate Finance by 89.8% during the 1st 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 purchasing an additional 877,675 shares in the last quarter. Nuveen LLC bought a new position in Apollo Commercial Real Estate Finance during the 1st quarter worth about $7,813,000. Edgestream Partners L.P. bought a new position in Apollo Commercial Real Estate Finance during the 2nd quarter worth about $5,323,000. Finally, Invesco Ltd. grew its holdings in shares of Apollo Commercial Real Estate Finance by 50.4% during the second quarter. Invesco Ltd. now owns 1,291,072 shares of the real estate investment trust’s stock worth $12,498,000 after buying an additional 432,377 shares in the last quarter. Institutional investors own 54.43% of the company’s stock.

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.