Brokerages Set Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) PT at $10.13

Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI - Get Free Report) have received an average recommendation of "Hold" from the five ratings firms that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $10.13.

A number of research analysts have weighed in on the stock. JMP Securities reiterated a "market perform" rating on shares of Apollo Commercial Real Estate Finance in a research report on Tuesday, April 29th. BTIG Research upgraded shares of Apollo Commercial Real Estate Finance from a "neutral" rating to a "buy" rating and set a $11.00 price objective on the stock in a research report on Wednesday, April 23rd. Wall Street Zen cut shares of Apollo Commercial Real Estate Finance from a "buy" rating to a "hold" rating in a research report on Wednesday, April 23rd. Keefe, Bruyette & Woods boosted their price objective on shares of Apollo Commercial Real Estate Finance from $10.00 to $10.50 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. upped their price target 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.

Apollo Commercial Real Estate Finance Trading Up 0.4%

ARI stock traded up $0.04 during mid-day trading on Friday, reaching $9.84. 484,792 shares of the stock traded hands, compared to its average volume of 1,111,221. The company has a debt-to-equity ratio of 0.67, a quick ratio of 51.19 and a current ratio of 51.19. Apollo Commercial Real Estate Finance has a one year low of $7.70 and a one year high of $11.20. The stock has a market capitalization of $1.37 billion, a PE ratio of -10.35 and a beta of 1.49. The business has a 50-day moving average price of $9.21 and a two-hundred day moving average price of $9.27.

Apollo Commercial Real Estate Finance Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.17%. The ex-dividend date of this dividend was Monday, March 31st. Apollo Commercial Real Estate Finance's payout ratio is presently -3,333.33%.

Insider Transactions at Apollo Commercial Real Estate Finance

In other Apollo Commercial Real Estate Finance news, Director Mark C. Biderman sold 10,000 shares of the stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $9.48, for a total transaction of $94,800.00. Following the transaction, the director now directly owns 60,787 shares in the company, valued at $576,260.76. This represents a 14.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Stuart Rothstein sold 52,074 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $9.99, for a total transaction of $520,219.26. Following the transaction, the chief executive officer now owns 385,928 shares in the company, valued at approximately $3,855,420.72. The trade was a 11.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 73,074 shares of company stock worth $724,579. Insiders own 0.68% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ARI. Nomura Holdings Inc. bought a new position in Apollo Commercial Real Estate Finance during the 4th quarter worth about $31,684,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Apollo Commercial Real Estate Finance by 89.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,855,116 shares of the real estate investment trust's stock valued at $17,753,000 after purchasing an additional 877,675 shares during the last quarter. Nuveen LLC purchased a new position in shares of Apollo Commercial Real Estate Finance in the 1st quarter valued at approximately $7,813,000. Norges Bank purchased a new position in shares of Apollo Commercial Real Estate Finance in the 4th quarter valued at approximately $3,360,000. Finally, JPMorgan Chase & Co. raised 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 valued at $4,164,000 after purchasing an additional 271,908 shares during the last quarter. 54.43% of the stock is currently owned by institutional investors.

About Apollo Commercial Real Estate Finance

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.