Apollo Commercial Real Estate Finance (NYSE:ARI) Reaches New 1-Year Low – Here’s What Happened

Apollo Commercial Real Estate Finance (NYSE:ARI)’s share price hit a new 52-week low on Friday . The company traded as low as $6.39 and last traded at $6.3950, with a volume of 85716 shares traded. The stock had previously closed at $6.45.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. BTIG Research downgraded Apollo Commercial Real Estate Finance from a “buy” rating to a “neutral” rating in a research note on Thursday, June 25th. Wall Street Zen cut Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a research note on Sunday, September 6th. Weiss Ratings downgraded Apollo Commercial Real Estate Finance from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, August 31st. Finally, Zacks Research raised Apollo Commercial Real Estate Finance from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $11.33.

Apollo Commercial Real Estate Finance Stock Performance

The business has a 50 day moving average of $7.08 and a two-hundred day moving average of $9.46. The firm has a market capitalization of $820.75 million, a price-to-earnings ratio of 7.98 and a beta of 1.36.

Apollo Commercial Real Estate Finance (NYSE:ARI) last announced its quarterly earnings data on Tuesday, August 11th. The real estate investment trust reported ($2.62) EPS for the quarter. The firm had revenue of $44.38 million during the quarter. Apollo Commercial Real Estate Finance had a net margin of 55.49% and a return on equity of 7.39%. On average, equities analysts predict that Apollo Commercial Real Estate Finance will post -0.18 EPS for the current fiscal year.

Apollo Commercial Real Estate Finance Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $3.75 dividend. This is a boost from Apollo Commercial Real Estate Finance’s previous quarterly dividend of $0.25. This represents a $15.00 dividend on an annualized basis and a dividend yield of 234.9%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is currently 125.00%.

Institutional Trading of Apollo Commercial Real Estate Finance

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in Apollo Commercial Real Estate Finance during the second quarter worth $127,411,000. Renaissance Technologies LLC acquired a new position in shares of Apollo Commercial Real Estate Finance during the first quarter valued at about $3,459,000. Greenland Capital Management LP acquired a new position in shares of Apollo Commercial Real Estate Finance during the second quarter valued at about $9,238,000. Readystate Asset Management LP bought a new stake in shares of Apollo Commercial Real Estate Finance during the first quarter worth about $4,760,000. Finally, NewGen Asset Management Ltd bought a new stake in shares of Apollo Commercial Real Estate Finance during the first quarter worth about $3,228,000. 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 investment trust (REIT) that originates, acquires and manages commercial real estate debt investments. The company primarily seeks income from loans and other financing arrangements secured by commercial properties.

Its investment activities may include senior mortgage loans, subordinate and mezzanine financing, preferred equity investments, commercial mortgage-backed securities and other commercial real estate-related assets.