Brokerages Set Apollo Commercial Real Estate Finance (NYSE:ARI) PT at $11.00

Apollo Commercial Real Estate Finance (NYSE:ARI) has been assigned an average rating of “Hold” from the seven brokerages that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $11.00.

Several equities analysts have weighed in on the company. Keefe, Bruyette & Woods raised their target price on Apollo Commercial Real Estate Finance from $10.75 to $11.50 and gave the company an “outperform” rating in a report on Thursday, February 12th. Wall Street Zen lowered Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. Zacks Research downgraded Apollo Commercial Real Estate Finance from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 19th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Apollo Commercial Real Estate Finance in a report on Monday, December 29th.

Apollo Commercial Real Estate Finance Stock Performance

Shares of ARI opened at $10.08 on Friday. The company’s fifty day moving average is $10.47 and its 200-day moving average is $10.24. Apollo Commercial Real Estate Finance has a 12 month low of $7.70 and a 12 month high of $11.20. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 12.59 and a beta of 1.52. The company has a quick ratio of 96.78, a current ratio of 96.78 and a debt-to-equity ratio of 0.66.

Apollo Commercial Real Estate Finance (NYSE:ARI) last released its quarterly earnings data on Tuesday, February 10th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26. The business had revenue of $73.25 million during the quarter, compared to analyst estimates of $46.97 million. Apollo Commercial Real Estate Finance had a net margin of 46.66% and a return on equity of 7.94%. Equities analysts expect that Apollo Commercial Real Estate Finance will post 0.63 EPS for the current fiscal year.

Apollo Commercial Real Estate Finance Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.9%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is currently 125.00%.

Institutional Trading of Apollo Commercial Real Estate Finance

Several large investors have recently modified their holdings of ARI. GAMMA Investing LLC grew its stake in Apollo Commercial Real Estate Finance by 60.4% in the 4th quarter. GAMMA Investing LLC now owns 2,832 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 1,066 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Apollo Commercial Real Estate Finance by 1,047.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,145 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 2,871 shares during the last quarter. Danske Bank A S bought a new stake in Apollo Commercial Real Estate Finance during the third quarter valued at about $50,000. Resources Management Corp CT ADV boosted its holdings in Apollo Commercial Real Estate Finance by 47,757.1% during the fourth quarter. Resources Management Corp CT ADV now owns 6,700 shares of the real estate investment trust’s stock valued at $65,000 after acquiring an additional 6,686 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in shares of Apollo Commercial Real Estate Finance by 18.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 7,462 shares of the real estate investment trust’s stock valued at $74,000 after purchasing an additional 1,183 shares during the last quarter. 54.43% of the stock is owned by institutional investors.

Apollo Commercial Real Estate Finance Company Profile

Apollo Commercial Real Estate Finance, Inc (NYSE: ARI) is a real estate finance company structured as a real estate investment trust (REIT). The company focuses on originating, acquiring and managing a diversified portfolio of commercial real estate debt and preferred equity investments. As an externally managed vehicle, ARI leverages the expertise and resources of an affiliate of Apollo Global Management, a leading global alternative investment manager.

ARI’s investment strategy is centered on providing first mortgage loans, mezzanine debt financing, bridge loans and preferred equity across a broad range of property types, including office, retail, industrial and multifamily assets.