Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Given Average Rating of “Reduce” by Analysts

Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) have earned an average rating of “Reduce” from the four research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and three have issued a hold rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $10.38.

Several analysts have weighed in on ARI shares. Bank of America cut Apollo Commercial Real Estate Finance from a “neutral” rating to an “underperform” rating and set a $10.50 price target on the stock. in a report on Monday, March 4th. TheStreet upgraded shares of Apollo Commercial Real Estate Finance from a “d+” rating to a “c-” rating in a research report on Wednesday, March 20th. JPMorgan Chase & Co. decreased their price target on shares of Apollo Commercial Real Estate Finance from $11.00 to $10.50 and set a “neutral” rating on the stock in a report on Wednesday, April 10th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Apollo Commercial Real Estate Finance from $11.00 to $10.00 and set a “market perform” rating for the company in a report on Wednesday, May 1st.

Insider Transactions at Apollo Commercial Real Estate Finance

In related news, Director Mark C. Biderman sold 15,000 shares of Apollo Commercial Real Estate Finance stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $10.00, for a total value of $150,000.00. Following the transaction, the director now owns 60,625 shares in the company, valued at approximately $606,250. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Apollo Commercial Real Estate Finance news, CEO Stuart Rothstein sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $10.60, for a total value of $424,000.00. Following the completion of the sale, the chief executive officer now owns 415,292 shares in the company, valued at $4,402,095.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark C. Biderman sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $10.00, for a total transaction of $150,000.00. Following the completion of the transaction, the director now owns 60,625 shares in the company, valued at approximately $606,250. The disclosure for this sale can be found here. Company insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On Apollo Commercial Real Estate Finance

Several institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in Apollo Commercial Real Estate Finance in the 3rd quarter worth approximately $250,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Apollo Commercial Real Estate Finance by 21.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,738 shares of the real estate investment trust’s stock valued at $311,000 after acquiring an additional 5,372 shares in the last quarter. Inspire Investing LLC increased its position in Apollo Commercial Real Estate Finance by 8.7% during the 3rd quarter. Inspire Investing LLC now owns 30,264 shares of the real estate investment trust’s stock valued at $307,000 after purchasing an additional 2,434 shares during the period. Triumph Capital Management raised its holdings in Apollo Commercial Real Estate Finance by 37.4% in the 3rd quarter. Triumph Capital Management now owns 52,316 shares of the real estate investment trust’s stock worth $548,000 after purchasing an additional 14,236 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of Apollo Commercial Real Estate Finance by 52.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 85,060 shares of the real estate investment trust’s stock worth $862,000 after purchasing an additional 29,434 shares during the period. Hedge funds and other institutional investors own 54.43% of the company’s stock.

Apollo Commercial Real Estate Finance Stock Down 0.3 %

ARI opened at $9.97 on Friday. The firm has a market capitalization of $1.42 billion, a P/E ratio of -12.78 and a beta of 1.69. Apollo Commercial Real Estate Finance has a one year low of $9.22 and a one year high of $12.74. The company has a fifty day moving average price of $10.82 and a 200-day moving average price of $11.01. The company has a debt-to-equity ratio of 0.61, a current ratio of 52.35 and a quick ratio of 52.35.

Apollo Commercial Real Estate Finance Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 14.04%. 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%.

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.