UBS Group Cuts Apollo Commercial Real Estate Finance (NYSE:ARI) Price Target to $9.50

Apollo Commercial Real Estate Finance (NYSE:ARI) had its target price reduced by UBS Group from $10.00 to $9.50 in a report released on Friday morning,Benzinga reports. UBS Group currently has a neutral rating on the real estate investment trust’s stock.

ARI has been the topic of several other research reports. StockNews.com lowered shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a research note on Monday, November 4th. BTIG Research initiated coverage on Apollo Commercial Real Estate Finance in a research report on Friday, July 19th. They issued a “neutral” rating on the stock. Finally, JPMorgan Chase & Co. reduced their price objective on Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating for the company in a research report on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $9.63.

Apollo Commercial Real Estate Finance Price Performance

ARI stock opened at $9.07 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 46.13 and a quick ratio of 46.13. Apollo Commercial Real Estate Finance has a 1 year low of $8.52 and a 1 year high of $12.74. The firm has a 50-day moving average of $9.15 and a 200 day moving average of $9.85. The company has a market cap of $1.25 billion, a P/E ratio of -9.86 and a beta of 1.75.

Apollo Commercial Real Estate Finance Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 11.03%. The ex-dividend date of this dividend was Monday, September 30th. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is presently -108.69%.

Institutional Investors Weigh In On Apollo Commercial Real Estate Finance

A number of hedge funds have recently bought and sold shares of the business. Triad Wealth Partners LLC purchased a new stake in shares of Apollo Commercial Real Estate Finance in the second quarter valued at $43,000. Future Financial Wealth Managment LLC bought a new position in Apollo Commercial Real Estate Finance in the 3rd quarter valued at $44,000. EverSource Wealth Advisors LLC bought a new stake in shares of Apollo Commercial Real Estate Finance during the second quarter worth $59,000. KBC Group NV grew its holdings in shares of Apollo Commercial Real Estate Finance by 57.7% in the third quarter. KBC Group NV now owns 7,002 shares of the real estate investment trust’s stock worth $64,000 after purchasing an additional 2,562 shares during the last quarter. Finally, Quest Partners LLC lifted 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 buying 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.