Apollo Commercial Real Estate Finance (NYSE:ARI) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Apollo Commercial Real Estate Finance (NYSE:ARI) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.24 and traded as high as $10.66. Apollo Commercial Real Estate Finance shares last traded at $10.4370, with a volume of 1,503,685 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ARI shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Apollo Commercial Real Estate Finance in a report on Monday, December 29th. Wall Street Zen downgraded Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. Zacks Research cut shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 19th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of 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. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $11.00.

Apollo Commercial Real Estate Finance Trading Down 1.9%

The company has a market cap of $1.46 billion, a P/E ratio of 13.05 and a beta of 1.52. The business has a fifty day moving average price of $10.52 and a 200-day moving average price of $10.24. 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 announced its earnings results on Tuesday, February 10th. The real estate investment trust reported $0.26 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.26. The company had revenue of $73.25 million for the quarter, compared to analyst estimates of $46.97 million. Apollo Commercial Real Estate Finance had a return on equity of 7.94% and a net margin of 46.66%. On average, analysts forecast that Apollo Commercial Real Estate Finance will post 0.63 earnings per share for the current year.

Apollo Commercial Real Estate Finance Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 9.6%. The ex-dividend date of this dividend is Tuesday, March 31st. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently 125.00%.

Institutional Investors Weigh In On Apollo Commercial Real Estate Finance

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

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.