Apollo Commercial Real Estate Finance (NYSE:ARI) Stock Now Rated "Hold" by Wall Street Analysts

Key Points

• Analysts rate Apollo Commercial Real Estate Finance “Hold” overall: Four of six analysts recommend holding the stock, while two recommend buying it. The average 12-month price target is $11.33.
• ARI shares opened at $6.24, near their 52-week low of $6.11 and well below the 52-week high of $11.24. The company reported a quarterly loss of $2.62 per share on $44.38 million in revenue.
• The company declared a quarterly dividend of $3.75, according to the article, implying a 240.6% yield and a 125% payout ratio. Institutional investors own 54.43% of the stock, with BlackRock holding a newly acquired position valued at approximately $127.4 million.

Apollo Commercial Real Estate Finance (NYSE:ARI - Get Free Report) has been assigned an average recommendation of "Hold" from the six analysts that are covering the company, MarketBeat.com 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 brokerages that have issued ratings on the stock in the last year is $11.33.

Several analysts have weighed in on ARI shares. Weiss Ratings downgraded shares of Apollo Commercial Real Estate Finance from a "hold (c)" rating to a "hold (c-)" rating in a research note on Monday, August 31st. Wall Street Zen raised Apollo Commercial Real Estate Finance from a "sell" rating to a "hold" rating in a research note on Monday. Zacks Research upgraded Apollo Commercial Real Estate Finance from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 15th. Finally, BTIG Research lowered Apollo Commercial Real Estate Finance from a "buy" rating to a "neutral" rating in a research note on Thursday, June 25th.

Apollo Commercial Real Estate Finance Price Performance

Shares of NYSE ARI opened at $6.24 on Tuesday. The stock has a market capitalization of $801.45 million, a P/E ratio of 7.79 and a beta of 1.40. Apollo Commercial Real Estate Finance has a one year low of $6.11 and a one year high of $11.24. The firm's 50 day simple moving average is $6.65 and its two-hundred day simple moving average is $9.10.

Apollo Commercial Real Estate Finance (NYSE:ARI - Get Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The real estate investment trust reported ($2.62) earnings per share for the quarter. Apollo Commercial Real Estate Finance had a return on equity of 7.39% and a net margin of 55.49%.The business had revenue of $44.38 million during the quarter. As a group, equities analysts expect that Apollo Commercial Real Estate Finance will post -0.18 earnings per share for the current fiscal year.

Apollo Commercial Real Estate Finance Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $3.75 dividend. This is a boost from Apollo Commercial Real Estate Finance's previous quarterly dividend of $0.25. This represents a $15.00 dividend on an annualized basis and a yield of 240.6%. Apollo Commercial Real Estate Finance's payout ratio is 125.00%.

Institutional Trading of Apollo Commercial Real Estate Finance

A number of institutional investors have recently made changes to their positions in ARI. BlackRock Inc. purchased a new position in Apollo Commercial Real Estate Finance during the 2nd quarter valued at about $127,411,000. Greenland Capital Management LP purchased a new stake in Apollo Commercial Real Estate Finance in the 2nd quarter worth approximately $9,238,000. Renaissance Technologies LLC purchased a new stake in Apollo Commercial Real Estate Finance in the 1st quarter worth approximately $3,459,000. Readystate Asset Management LP bought a new stake in shares of Apollo Commercial Real Estate Finance in the 1st quarter worth approximately $4,760,000. Finally, NewGen Asset Management Ltd bought a new stake in shares of Apollo Commercial Real Estate Finance in the 1st quarter worth approximately $3,228,000. Hedge funds and other institutional investors own 54.43% of the company's stock.

Apollo Commercial Real Estate Finance Company Profile

Apollo Commercial Real Estate Finance, Inc NYSE: ARI is a real estate investment trust (REIT) that originates, acquires, invests in and manages commercial real estate debt. The company primarily focuses on loans secured by institutional-quality properties and seeks to generate income from a diversified portfolio of commercial real estate investments.

Its investments may include senior mortgage loans, mezzanine loans, subordinated debt and other commercial real estate-related financing arrangements.

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