Apollo Commercial Real Estate Finance (NYSE:ARI - Free Report) had its target price decreased by Keefe, Bruyette & Woods from $11.00 to $10.00 in a research report released on Wednesday morning, Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the real estate investment trust's stock.
Other equities analysts have also issued research reports about the company. JPMorgan Chase & Co. reduced their target price on Apollo Commercial Real Estate Finance from $11.00 to $10.50 and set a neutral rating for the company in a research note on Wednesday, April 10th. Bank of America lowered Apollo Commercial Real Estate Finance from a neutral rating to an underperform rating and set a $10.50 price objective for the company. in a research note on Monday, March 4th. Finally, TheStreet upgraded Apollo Commercial Real Estate Finance from a d+ rating to a c- rating in a research note on Wednesday, March 20th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company's stock. According to data from MarketBeat.com, Apollo Commercial Real Estate Finance presently has an average rating of Hold and a consensus price target of $10.38.
Check Out Our Latest Stock Report on ARI
Apollo Commercial Real Estate Finance Stock Up 3.8 %
Shares of Apollo Commercial Real Estate Finance stock traded up $0.36 during trading on Wednesday, reaching $10.00. The company's stock had a trading volume of 1,297,748 shares, compared to its average volume of 798,338. The company has a quick ratio of 67.73, a current ratio of 67.74 and a debt-to-equity ratio of 0.57. The company has a market cap of $1.42 billion, a price-to-earnings ratio of -12.81 and a beta of 1.67. Apollo Commercial Real Estate Finance has a 1-year low of $9.22 and a 1-year high of $12.74. The company has a 50-day simple moving average of $10.90 and a two-hundred day simple moving average of $11.00.
Apollo Commercial Real Estate Finance Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 14.01%. The ex-dividend date of this dividend was Wednesday, March 27th. Apollo Commercial Real Estate Finance's dividend payout ratio (DPR) is presently -179.49%.
Insider Activity
In other news, CEO Stuart Rothstein sold 40,000 shares of the firm's stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $10.60, for a total transaction of $424,000.00. Following the sale, the chief executive officer now directly owns 415,292 shares in the company, valued at approximately $4,402,095.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.61% of the company's stock.
Institutional Investors Weigh In On Apollo Commercial Real Estate Finance
Several institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its holdings in Apollo Commercial Real Estate Finance by 75.8% in the 1st quarter. BNP Paribas Financial Markets now owns 70,810 shares of the real estate investment trust's stock worth $789,000 after buying an additional 30,540 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Apollo Commercial Real Estate Finance by 11.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 789,761 shares of the real estate investment trust's stock worth $8,798,000 after purchasing an additional 78,833 shares during the last quarter. Diversify Advisory Services LLC acquired a new position in shares of Apollo Commercial Real Estate Finance during the 1st quarter worth approximately $169,000. Private Advisor Group LLC boosted its holdings in shares of Apollo Commercial Real Estate Finance by 73.2% during the 1st quarter. Private Advisor Group LLC now owns 39,901 shares of the real estate investment trust's stock worth $444,000 after purchasing an additional 16,862 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in shares of Apollo Commercial Real Estate Finance by 2.7% during the 1st quarter. Van ECK Associates Corp now owns 783,036 shares of the real estate investment trust's stock valued at $8,723,000 after buying an additional 20,957 shares during the period. 54.43% of the stock is currently owned by institutional investors and hedge funds.
About Apollo Commercial Real Estate Finance
(
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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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