Apollo Commercial Real Estate Finance (NYSE:ARI) Downgraded to “Sell” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Apollo Commercial Real Estate Finance (NYSE:ARI) from a hold rating to a sell rating in a research report released on Saturday.

Several other equities analysts also recently issued reports on the stock. Keefe, Bruyette & Woods raised their price target on shares of Apollo Commercial Real Estate Finance from $10.75 to $11.50 and gave the company an “outperform” rating in a research note on Thursday, February 12th. Zacks Research raised shares of Apollo Commercial Real Estate Finance from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $11.00.

Apollo Commercial Real Estate Finance Price Performance

Shares of NYSE:ARI opened at $11.04 on Friday. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 13.62 and a beta of 1.37. The company has a debt-to-equity ratio of 0.68, a current ratio of 81.81 and a quick ratio of 96.78. The firm has a 50 day simple moving average of $10.69 and a 200 day simple moving average of $10.32. Apollo Commercial Real Estate Finance has a one year low of $9.30 and a one year high of $11.24.

Apollo Commercial Real Estate Finance (NYSE:ARI) last issued its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.22 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.07). The company had revenue of $58.63 million during the quarter, compared to the consensus estimate of $77.85 million. Apollo Commercial Real Estate Finance had a net margin of 48.01% and a return on equity of 7.87%. Research analysts predict that Apollo Commercial Real Estate Finance will post 0.88 earnings per share for the current fiscal year.

Apollo Commercial Real Estate Finance Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 9.1%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is presently 123.46%.

Hedge Funds Weigh In On Apollo Commercial Real Estate Finance

Large investors have recently modified their holdings of the business. GAMMA Investing LLC raised its stake in shares of Apollo Commercial Real Estate Finance by 60.4% during the fourth quarter. GAMMA Investing LLC now owns 2,832 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 1,066 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Apollo Commercial Real Estate Finance by 1,047.8% during the third quarter. Farther Finance Advisors LLC now owns 3,145 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 2,871 shares during the last quarter. Danske Bank A S bought a new position in Apollo Commercial Real Estate Finance during the third quarter worth $50,000. Resources Management Corp CT ADV raised its stake in Apollo Commercial Real Estate Finance by 47,757.1% during the fourth quarter. Resources Management Corp CT ADV now owns 6,700 shares of the real estate investment trust’s stock worth $65,000 after buying an additional 6,686 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in Apollo Commercial Real Estate Finance by 18.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 7,462 shares of the real estate investment trust’s stock worth $74,000 after buying an additional 1,183 shares during the last quarter. 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 finance company structured as a real estate investment trust (REIT). The company focuses on originating, acquiring and managing a diversified portfolio of commercial real estate debt and preferred equity investments. As an externally managed vehicle, ARI leverages the expertise and resources of an affiliate of Apollo Global Management, a leading global alternative investment manager.

ARI’s investment strategy is centered on providing first mortgage loans, mezzanine debt financing, bridge loans and preferred equity across a broad range of property types, including office, retail, industrial and multifamily assets.