Apollo Commercial Real Estate Finance (NYSE:ARI) Receives $11.33 Consensus Price Target from Brokerages

Shares of Apollo Commercial Real Estate Finance (NYSE:ARI) have received a consensus recommendation of “Hold” from the six research firms that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $11.3333.

Several research firms recently weighed in on ARI. Bank of America started coverage on Apollo Commercial Real Estate Finance in a research note on Tuesday, May 5th. They issued a “neutral” rating and a $11.50 price target on the stock. Weiss Ratings cut Apollo Commercial Real Estate Finance from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 16th. Wall Street Zen downgraded Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Zacks Research upgraded shares of Apollo Commercial Real Estate Finance from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Finally, BTIG Research downgraded shares of Apollo Commercial Real Estate Finance from a “buy” rating to a “neutral” rating in a research report on Thursday, June 25th.

Apollo Commercial Real Estate Finance Trading Up 0.1%

Shares of NYSE ARI opened at $6.76 on Thursday. Apollo Commercial Real Estate Finance has a 1 year low of $6.65 and a 1 year high of $11.24. The stock has a market cap of $884.59 million, a P/E ratio of 8.35 and a beta of 1.35. The firm has a 50-day moving average of $10.20 and a 200 day moving average of $10.45. The company has a debt-to-equity ratio of 0.68, a current ratio of 81.81 and a quick ratio of 81.80.

Apollo Commercial Real Estate Finance (NYSE:ARI) last posted its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.22 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.07). Apollo Commercial Real Estate Finance had a return on equity of 7.87% and a net margin of 48.01%.The business had revenue of $58.63 million for the quarter, compared to the consensus estimate of $77.85 million. As a group, sell-side analysts expect that Apollo Commercial Real Estate Finance will post -0.18 EPS for the current fiscal year.

Apollo Commercial Real Estate Finance Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $3.75 dividend. This is a positive change from Apollo Commercial Real Estate Finance’s previous quarterly dividend of $0.25. This represents a $15.00 dividend on an annualized basis and a yield of 221.7%. Apollo Commercial Real Estate Finance’s payout ratio is presently 123.46%.

Insider Transactions at Apollo Commercial Real Estate Finance

In other Apollo Commercial Real Estate Finance news, Director Carmencita N.M. Whonder sold 4,574 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $10.93, for a total transaction of $49,993.82. Following the sale, the director directly owned 24,799 shares in the company, valued at approximately $271,053.07. This trade represents a 15.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC boosted its position in shares of Apollo Commercial Real Estate Finance by 41.7% during the second quarter. GAMMA Investing LLC now owns 5,395 shares of the real estate investment trust’s stock valued at $58,000 after buying an additional 1,587 shares during the last quarter. Empowered Funds LLC bought a new stake in Apollo Commercial Real Estate Finance in the 1st quarter worth about $245,000. Parallel Advisors LLC raised its position in Apollo Commercial Real Estate Finance by 61.7% in the 1st quarter. Parallel Advisors LLC now owns 4,656 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 1,777 shares during the last quarter. Optiver Holding B.V. raised its position in Apollo Commercial Real Estate Finance by 3,473.7% in the 1st quarter. Optiver Holding B.V. now owns 13,330 shares of the real estate investment trust’s stock worth $141,000 after buying an additional 12,957 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in Apollo Commercial Real Estate Finance by 17.4% during the 1st quarter. Bank of America Corp DE now owns 382,239 shares of the real estate investment trust’s stock valued at $4,036,000 after acquiring an additional 56,746 shares during the period. 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.