Brokerages Set Apollo Commercial Real Estate Finance (NYSE:ARI) Target Price at $11.00

Shares of Apollo Commercial Real Estate Finance (NYSE:ARI) have earned an average recommendation of “Hold” from the seven analysts that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $11.00.

ARI has been the topic of a number of research reports. Keefe, Bruyette & Woods boosted their price objective on shares of Apollo Commercial Real Estate Finance from $10.75 to $11.50 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Zacks Research lowered shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 19th. JPMorgan Chase & Co. boosted their price target on shares of Apollo Commercial Real Estate Finance from $10.50 to $11.00 and gave the stock an “overweight” rating in a research report on Monday, November 3rd. Wall Street Zen cut Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Apollo Commercial Real Estate Finance in a research report on Monday, December 29th.

Apollo Commercial Real Estate Finance Stock Up 0.2%

ARI stock opened at $10.66 on Monday. The company has a debt-to-equity ratio of 0.66, a current ratio of 96.78 and a quick ratio of 96.78. The stock has a market capitalization of $1.49 billion, a P/E ratio of 13.33 and a beta of 1.54. Apollo Commercial Real Estate Finance has a fifty-two week low of $7.70 and a fifty-two week high of $11.20. The business has a 50-day moving average of $10.27 and a 200-day moving average of $10.22.

Apollo Commercial Real Estate Finance (NYSE:ARI) last released its earnings results on Tuesday, February 10th. The real estate investment trust reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26. The firm had revenue of $73.25 million for the quarter, compared to analysts’ expectations of $46.97 million. Apollo Commercial Real Estate Finance had a return on equity of 7.94% and a net margin of 46.66%. On average, sell-side analysts anticipate that Apollo Commercial Real Estate Finance will post 0.63 earnings per share for the current fiscal year.

Apollo Commercial Real Estate Finance Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 9.4%. Apollo Commercial Real Estate Finance’s payout ratio is 125.00%.

Insider Activity at Apollo Commercial Real Estate Finance

In related news, CEO Stuart Rothstein sold 52,072 shares of Apollo Commercial Real Estate Finance stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $10.16, for a total transaction of $529,051.52. Following the completion of the transaction, the chief executive officer owned 229,709 shares in the company, valued at approximately $2,333,843.44. This trade represents a 18.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.68% of the company’s stock.

Institutional Investors Weigh In On Apollo Commercial Real Estate Finance

Several hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC boosted its holdings 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 worth $27,000 after acquiring an additional 1,066 shares during the period. Farther Finance Advisors LLC lifted its holdings in Apollo Commercial Real Estate Finance by 1,047.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,145 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 2,871 shares during the last quarter. Danske Bank A S acquired a new stake in Apollo Commercial Real Estate Finance during the 3rd quarter worth approximately $50,000. CWM LLC boosted its stake in Apollo Commercial Real Estate Finance by 66.4% in the 2nd quarter. CWM LLC now owns 6,419 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 2,561 shares during the period. Finally, Resources Management Corp CT ADV grew its holdings in Apollo Commercial Real Estate Finance by 47,757.1% in the 4th quarter. Resources Management Corp CT ADV now owns 6,700 shares of the real estate investment trust’s stock valued at $65,000 after buying an additional 6,686 shares in the last quarter. 54.43% of the stock is currently owned by institutional investors and hedge funds.

About Apollo Commercial Real Estate Finance

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.