Apollo Commercial Real Estate Finance (NYSE:ARI) Receives Average Rating of "Hold" from Analysts

Shares of Apollo Commercial Real Estate Finance (NYSE:ARI - Get Free Report) have earned a consensus rating of "Hold" from the five research firms that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $10.19.

A number of equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods increased their price target on Apollo Commercial Real Estate Finance from $10.50 to $10.75 and gave the stock an "outperform" rating in a report on Thursday. Wall Street Zen cut Apollo Commercial Real Estate Finance from a "buy" rating to a "hold" rating in a report on Wednesday, April 23rd. UBS Group reiterated a "neutral" rating and set a $10.00 price target (up from $9.00) on shares of Apollo Commercial Real Estate Finance in a report on Wednesday, May 21st. JPMorgan Chase & Co. increased their price target on 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. Finally, JMP Securities reiterated a "market perform" rating on shares of Apollo Commercial Real Estate Finance in a report on Tuesday, April 29th.

Apollo Commercial Real Estate Finance Price Performance

Shares of ARI traded down $0.11 during trading hours on Friday, hitting $9.95. 794,547 shares of the stock were exchanged, compared to its average volume of 1,170,686. The company has a debt-to-equity ratio of 0.67, a quick ratio of 74.89 and a current ratio of 74.89. Apollo Commercial Real Estate Finance has a 12-month low of $7.70 and a 12-month high of $11.20. The company has a market cap of $1.38 billion, a price-to-earnings ratio of -331.67, a price-to-earnings-growth ratio of 0.27 and a beta of 1.46. The stock's 50-day moving average price is $9.80 and its two-hundred day moving average price is $9.44.

Apollo Commercial Real Estate Finance Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 10.05%. The ex-dividend date of this dividend is Monday, June 30th. Apollo Commercial Real Estate Finance's dividend payout ratio (DPR) is -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 stock was sold at an average price of $9.48, for a total value of $94,800.00. Following the sale, the director owned 60,787 shares of the company's stock, valued at $576,260.76. This trade represents a 14.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Stuart Rothstein sold 52,074 shares of the stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $9.83, for a total value of $511,887.42. Following the completion of the sale, the chief executive officer directly owned 333,854 shares in the company, valued at $3,281,784.82. This represents a 13.49% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.68% of the company's stock.

Institutional Investors Weigh In On Apollo Commercial Real Estate Finance

Hedge funds have recently bought and sold shares of the stock. Kingstone Capital Partners Texas LLC acquired a new position in Apollo Commercial Real Estate Finance during the second quarter worth approximately $271,921,000. Vanguard Group Inc. increased its position in Apollo Commercial Real Estate Finance by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 15,236,601 shares of the real estate investment trust's stock worth $131,949,000 after buying an additional 135,785 shares during the period. Nomura Holdings Inc. acquired a new position in Apollo Commercial Real Estate Finance during the fourth quarter worth approximately $31,684,000. Charles Schwab Investment Management Inc. increased its position in Apollo Commercial Real Estate Finance by 2.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,326,569 shares of the real estate investment trust's stock worth $22,265,000 after buying an additional 63,191 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Apollo Commercial Real Estate Finance by 89.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,855,116 shares of the real estate investment trust's stock worth $17,753,000 after buying an additional 877,675 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 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.