Apollo Commercial Real Estate Finance (NYSE:ARI) gapped up prior to trading on Monday . The stock had previously closed at $16.12, but opened at $16.14. Apollo Commercial Real Estate Finance shares last traded at $16.29, with a volume of 299,262 shares traded.

Several brokerages recently weighed in on ARI. TheStreet downgraded shares of Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a research note on Tuesday, April 26th. Keefe, Bruyette & Woods boosted their target price on shares of Apollo Commercial Real Estate Finance from $17.50 to $18.00 and gave the company a “market perform” rating in a research note on Wednesday, June 1st. Zacks Investment Research downgraded shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a research note on Monday, March 28th. Finally, Wells Fargo & Co. downgraded shares of Apollo Commercial Real Estate Finance from a “market perform” rating to an “underperform” rating in a research note on Monday, April 11th.

The company’s 50-day moving average price is $16.23 and its 200-day moving average price is $16.06. The company has a market capitalization of $1.10 billion and a P/E ratio of 13.08.

Apollo Commercial Real Estate Finance (NYSE:ARI) last issued its quarterly earnings results on Tuesday, April 26th. The real estate investment trust reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. The business had revenue of $46.80 million for the quarter, compared to analyst estimates of $7.60 million. During the same period last year, the business posted $0.44 earnings per share. Apollo Commercial Real Estate Finance’s revenue for the quarter was up 63.6% on a year-over-year basis. On average, analysts forecast that Apollo Commercial Real Estate Finance will post $2.32 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 11.25%. The ex-dividend date was Tuesday, June 28th.

Several hedge funds and institutional investors have modified their holdings of the stock. Russell Frank Co raised its position in shares of Apollo Commercial Real Estate Finance by 36.0% in the fourth quarter. Russell Frank Co now owns 121,253 shares of the real estate investment trust’s stock worth $2,076,000 after buying an additional 32,093 shares during the period. State Board of Administration of Florida Retirement System raised its position in shares of Apollo Commercial Real Estate Finance by 23.9% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 68,695 shares of the real estate investment trust’s stock worth $1,184,000 after buying an additional 13,232 shares during the period. California State Teachers Retirement System raised its position in shares of Apollo Commercial Real Estate Finance by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 108,297 shares of the real estate investment trust’s stock worth $1,866,000 after buying an additional 1,784 shares during the period. Finally, California Public Employees Retirement System raised its position in shares of Apollo Commercial Real Estate Finance by 4.1% in the fourth quarter. California Public Employees Retirement System now owns 193,100 shares of the real estate investment trust’s stock worth $3,327,000 after buying an additional 7,600 shares during the period.

Apollo Commercial Real Estate Finance, Inc is a real estate investment trust (REIT). The Company is focused primarily on originating, investing in, acquiring and managing performing commercial first mortgage loans, subordinate financings, commercial mortgage-backed securities (CMBS) and other commercial real estate-related debt investments.

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