Apollo Commercial Real Estate Finance (NYSE:ARI) Given Consensus Recommendation of "Hold" by Brokerages

Shares of Apollo Commercial Real Estate Finance (NYSE:ARI - Get Free Report) have been assigned an average recommendation of "Hold" from the six analysts that are presently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $11.1250.

A number of equities research analysts recently issued reports on the company. Bank of America assumed coverage on Apollo Commercial Real Estate Finance in a research report on Tuesday. They set a "neutral" rating and a $11.50 price target on the stock. Wall Street Zen downgraded Apollo Commercial Real Estate Finance from a "hold" rating to a "sell" rating in a research report on Saturday, May 2nd. Zacks Research raised Apollo Commercial Real Estate Finance from a "strong sell" rating to a "hold" rating in a research report on Monday, April 20th. Finally, Keefe, Bruyette & Woods increased their price target on Apollo Commercial Real Estate Finance from $10.75 to $11.50 and gave the stock an "outperform" rating in a research report on Thursday, February 12th.

Institutional Investors Weigh In On Apollo Commercial Real Estate Finance

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its stake in Apollo Commercial Real Estate Finance by 60.4% during the fourth quarter. GAMMA Investing LLC now owns 2,832 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 1,066 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Apollo Commercial Real Estate Finance by 1,047.8% during the third 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 during the last quarter. Bessemer Group Inc. lifted its stake in Apollo Commercial Real Estate Finance by 388.7% during the first quarter. Bessemer Group Inc. now owns 3,255 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 2,589 shares during the last quarter. Parallel Advisors LLC lifted its stake in Apollo Commercial Real Estate Finance by 61.7% during the first quarter. Parallel Advisors LLC now owns 4,656 shares of the real estate investment trust's stock worth $49,000 after purchasing an additional 1,777 shares during the last quarter. Finally, Danske Bank A S bought a new stake in Apollo Commercial Real Estate Finance during the third quarter worth $50,000. 54.43% of the stock is currently owned by institutional investors.

Apollo Commercial Real Estate Finance Price Performance

Shares of NYSE ARI opened at $11.01 on Friday. The business's 50 day moving average price is $10.71 and its two-hundred day moving average price is $10.34. The company has a market cap of $1.46 billion, a PE ratio of 13.59 and a beta of 1.37. The company has a quick ratio of 81.80, a current ratio of 81.81 and a debt-to-equity ratio of 0.68. Apollo Commercial Real Estate Finance has a twelve month low of $9.39 and a twelve month high of $11.24.

Apollo Commercial Real Estate Finance (NYSE:ARI - Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($0.07). The business had revenue of $58.63 million for the quarter, compared to analyst estimates of $77.85 million. Apollo Commercial Real Estate Finance had a return on equity of 7.87% and a net margin of 48.01%. On average, analysts predict that Apollo Commercial Real Estate Finance will post 0.88 EPS for the current year.

Apollo Commercial Real Estate Finance Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, March 31st. This represents a $1.00 annualized dividend and a yield of 9.1%. Apollo Commercial Real Estate Finance's dividend payout ratio is presently 123.46%.

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.

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