Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Receives Consensus Recommendation of “Reduce” from Brokerages

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) has been given an average recommendation of “Reduce” by the five ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $9.63.

ARI has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their target price on Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating on the stock in a report on Thursday, October 17th. UBS Group dropped their price objective on shares of Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a “neutral” rating on the stock in a research note on Friday, November 15th. Finally, StockNews.com downgraded shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a research report on Monday, November 4th.

Apollo Commercial Real Estate Finance Stock Performance

Shares of ARI stock opened at $9.19 on Wednesday. The stock’s 50-day moving average price is $9.07 and its 200 day moving average price is $9.82. The company has a quick ratio of 46.13, a current ratio of 46.13 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $1.27 billion, a PE ratio of -9.99 and a beta of 1.75. Apollo Commercial Real Estate Finance has a 52-week low of $8.52 and a 52-week high of $12.74.

Apollo Commercial Real Estate Finance Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 10.88%. The ex-dividend date of this dividend was Monday, September 30th. Apollo Commercial Real Estate Finance’s dividend payout ratio is presently -108.70%.

Hedge Funds Weigh In On Apollo Commercial Real Estate Finance

A number of large investors have recently made changes to their positions in the stock. Triad Wealth Partners LLC acquired a new stake in Apollo Commercial Real Estate Finance in the second quarter valued at $43,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Apollo Commercial Real Estate Finance in the 3rd quarter worth about $44,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Apollo Commercial Real Estate Finance in the 2nd quarter worth about $59,000. KBC Group NV grew its stake in Apollo Commercial Real Estate Finance by 57.7% in the 3rd quarter. KBC Group NV now owns 7,002 shares of the real estate investment trust’s stock valued at $64,000 after acquiring an additional 2,562 shares during the last quarter. Finally, Quest Partners LLC increased its holdings in Apollo Commercial Real Estate Finance by 7,689.4% during the 2nd quarter. Quest Partners LLC now owns 9,581 shares of the real estate investment trust’s stock valued at $94,000 after acquiring an additional 9,458 shares in the last quarter. Hedge funds and other institutional investors own 54.43% of the company’s stock.

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.