Shares of Apollo Commercial Real Estate Finance (NYSE:ARI - Get Free Report) have been given a consensus recommendation of "Hold" by the six research firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $11.3333.
ARI has been the topic of several research reports. BTIG Research downgraded shares of Apollo Commercial Real Estate Finance from a "buy" rating to a "neutral" rating in a report on Thursday, June 25th. Weiss Ratings downgraded Apollo Commercial Real Estate Finance from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday, July 30th. Wall Street Zen raised Apollo Commercial Real Estate Finance from a "sell" rating to a "hold" rating in a research report on Saturday. Bank of America assumed coverage on Apollo Commercial Real Estate Finance in a research note on Tuesday, May 5th. They set a "neutral" rating and a $11.50 price target on the stock. Finally, Zacks Research cut Apollo Commercial Real Estate Finance from a "hold" rating to a "strong sell" rating in a report on Monday, August 3rd.
Read Our Latest Stock Analysis on ARI
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Jupiter Topco LLC bought a new position in Apollo Commercial Real Estate Finance in the second quarter worth $636,000. Legal & General Group Plc bought a new stake in Apollo Commercial Real Estate Finance in the 2nd quarter valued at $1,347,000. The Manufacturers Life Insurance Company bought a new stake in Apollo Commercial Real Estate Finance in the 2nd quarter valued at $592,000. Sanctuary Advisors LLC acquired a new position in shares of Apollo Commercial Real Estate Finance in the 2nd quarter valued at $712,000. Finally, Greenland Capital Management LP acquired a new position in shares of Apollo Commercial Real Estate Finance in the 2nd quarter valued at $9,238,000. 54.43% of the stock is currently owned by institutional investors and hedge funds.
Apollo Commercial Real Estate Finance Trading Up 0.1%
Shares of ARI stock opened at $6.83 on Monday. Apollo Commercial Real Estate Finance has a 1 year low of $6.43 and a 1 year high of $11.24. The firm's fifty day simple moving average is $8.93 and its 200 day simple moving average is $10.11. The firm has a market capitalization of $876.32 million, a P/E ratio of 8.54 and a beta of 1.36.
Apollo Commercial Real Estate Finance (NYSE:ARI - Get Free Report) last issued its quarterly earnings results on Monday, August 10th. The real estate investment trust reported ($2.62) earnings per share for the quarter. The company had revenue of $44.38 million during the quarter. Apollo Commercial Real Estate Finance had a net margin of 55.49% and a return on equity of 7.39%. Equities research analysts anticipate that Apollo Commercial Real Estate Finance will post -0.18 EPS for the current fiscal year.
Apollo Commercial Real Estate Finance Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $3.75 per share. This represents a $15.00 annualized dividend and a dividend yield of 219.5%. This is a positive change from Apollo Commercial Real Estate Finance's previous quarterly dividend of $0.25. Apollo Commercial Real Estate Finance's dividend payout ratio (DPR) is presently 125.00%.
About Apollo Commercial Real Estate Finance
(
Get Free Report)
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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