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

Key Points

• Apollo Commercial Real Estate Finance (NYSE:ARI) has received a consensus rating of "Hold" from five research firms, with an average 1-year price target of $10.31.
• CEO Stuart Rothstein recently sold 52,074 shares of the company's stock for approximately $511,887, representing a 13.49% decrease in their position.
• The company declared a quarterly dividend of $0.25 per share, resulting in an annualized yield of 10.1%, despite a payout ratio of -714.29%.

Shares of Apollo Commercial Real Estate Finance (NYSE:ARI - Get Free Report) have been given a consensus rating of "Hold" by the five research firms that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $10.3125.

ARI has been the topic of several research analyst reports. JMP Securities reaffirmed a "market perform" rating on shares of Apollo Commercial Real Estate Finance in a research note on Tuesday, April 29th. JPMorgan Chase & Co. raised their price target on shares of Apollo Commercial Real Estate Finance from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Monday, April 28th. UBS Group boosted their price objective on shares of Apollo Commercial Real Estate Finance from $10.00 to $10.50 and gave the stock a "neutral" rating in a research note on Tuesday, July 15th. Wall Street Zen lowered shares of Apollo Commercial Real Estate Finance from a "buy" rating to a "hold" rating in a research report on Wednesday, April 23rd. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Apollo Commercial Real Estate Finance from $10.50 to $10.75 and gave the company an "outperform" rating in a report on Thursday, July 10th.

Insider Activity

In other Apollo Commercial Real Estate Finance news, CEO Stuart Rothstein sold 52,074 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $9.83, for a total transaction of $511,887.42. Following the completion of the sale, the chief executive officer owned 333,854 shares in the company, valued at $3,281,784.82. This trade represents a 13.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.68% of the company's stock.

Institutional Trading of Apollo Commercial Real Estate Finance

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Deutsche Bank AG grew its holdings in Apollo Commercial Real Estate Finance by 51.0% during the 4th quarter. Deutsche Bank AG now owns 118,656 shares of the real estate investment trust's stock worth $1,028,000 after acquiring an additional 40,088 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Apollo Commercial Real Estate Finance by 130.1% in the fourth 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 in the last quarter. QRG Capital Management Inc. increased its holdings in Apollo Commercial Real Estate Finance by 11.1% in the first quarter. QRG Capital Management Inc. now owns 67,816 shares of the real estate investment trust's stock valued at $649,000 after buying an additional 6,787 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Apollo Commercial Real Estate Finance by 10.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 43,815 shares of the real estate investment trust's stock valued at $419,000 after buying an additional 4,023 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in Apollo Commercial Real Estate Finance by 265.3% during the 4th quarter. Millennium Management LLC now owns 232,627 shares of the real estate investment trust's stock worth $2,015,000 after buying an additional 168,948 shares during the last quarter. Institutional investors own 54.43% of the company's stock.

Apollo Commercial Real Estate Finance Price Performance

Shares of Apollo Commercial Real Estate Finance stock opened at $9.87 on Thursday. The business's fifty day moving average price is $9.85 and its 200 day moving average price is $9.56. Apollo Commercial Real Estate Finance has a twelve month low of $7.70 and a twelve month high of $10.61. The company has a current ratio of 98.25, a quick ratio of 98.25 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $1.37 billion, a P/E ratio of -70.46, a PEG ratio of 0.29 and a beta of 1.50.

Apollo Commercial Real Estate Finance Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a $0.25 dividend. The ex-dividend date was Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a yield of 10.1%. Apollo Commercial Real Estate Finance's payout ratio is currently -714.29%.

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.

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