Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Receives Consensus Rating of "Hold" from Brokerages

Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI - Get Free Report) have been given an average rating of "Hold" by the five analysts that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $9.88.

A number of analysts have recently issued reports on ARI shares. JPMorgan Chase & Co. lifted their price objective on shares of Apollo Commercial Real Estate Finance from $8.00 to $9.00 and gave the stock a "neutral" rating in a report on Monday, April 28th. Keefe, Bruyette & Woods lifted their price target on Apollo Commercial Real Estate Finance from $10.00 to $10.50 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. UBS Group cut their price objective on Apollo Commercial Real Estate Finance from $10.00 to $9.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. JMP Securities reissued a "market perform" rating on shares of Apollo Commercial Real Estate Finance in a report on Tuesday, April 29th. Finally, StockNews.com lowered Apollo Commercial Real Estate Finance from a "buy" rating to a "hold" rating in a research note on Wednesday, April 23rd.

Apollo Commercial Real Estate Finance Price Performance

Shares of Apollo Commercial Real Estate Finance stock traded up $0.07 during trading on Tuesday, hitting $9.49. The stock had a trading volume of 788,318 shares, compared to its average volume of 1,114,204. The company has a current ratio of 51.19, a quick ratio of 51.19 and a debt-to-equity ratio of 0.67. 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 $1.32 billion, a price-to-earnings ratio of -9.99 and a beta of 1.41. The business's 50-day moving average is $9.31 and its 200 day moving average is $9.18.

Apollo Commercial Real Estate Finance (NYSE:ARI - Get Free Report) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $0.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.07. Apollo Commercial Real Estate Finance had a positive return on equity of 9.37% and a negative net margin of 39.40%. As a group, sell-side analysts anticipate 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 business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.54%. The ex-dividend date of this dividend was Monday, March 31st. Apollo Commercial Real Estate Finance's dividend payout ratio (DPR) is presently -3,333.33%.

Insider Buying and Selling

In other news, Director Carmencita N.M. Whonder sold 11,000 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $9.96, for a total transaction of $109,560.00. Following the completion of the sale, the director now directly owns 9,624 shares in the company, valued at approximately $95,855.04. This represents a 53.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mark C. Biderman sold 10,000 shares of the business's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $9.48, for a total value of $94,800.00. Following the transaction, the director now owns 60,787 shares in the company, valued at approximately $576,260.76. This represents a 14.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 73,074 shares of company stock worth $724,579 in the last ninety days. 0.68% of the stock is owned by insiders.

Institutional Investors Weigh In On Apollo Commercial Real Estate Finance

Several institutional investors and hedge funds have recently bought and sold shares of ARI. Nomura Holdings Inc. purchased a new stake in Apollo Commercial Real Estate Finance in the fourth quarter worth $31,684,000. Norges Bank bought a new position in Apollo Commercial Real Estate Finance in the 4th quarter worth $3,360,000. JPMorgan Chase & Co. lifted its position in shares of Apollo Commercial Real Estate Finance by 130.1% in the 4th quarter. JPMorgan Chase & Co. now owns 480,852 shares of the real estate investment trust's stock worth $4,164,000 after purchasing an additional 271,908 shares during the period. Northern Trust Corp boosted its stake in shares of Apollo Commercial Real Estate Finance by 14.9% during the 4th quarter. Northern Trust Corp now owns 1,745,469 shares of the real estate investment trust's stock valued at $15,116,000 after purchasing an additional 226,399 shares in the last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in Apollo Commercial Real Estate Finance during the 4th quarter valued at approximately $1,586,000. Hedge funds and other 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.