Apollo Commercial Real Estate Finance (NYSE:ARI) Receives $11.33 Average Price Target from Analysts

Shares of Apollo Commercial Real Estate Finance (NYSE:ARI) have received a consensus recommendation of “Hold” from the six ratings firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $11.3333.

Several research analysts have recently weighed in on ARI shares. Wall Street Zen raised Apollo Commercial Real Estate Finance from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Bank of America started coverage on shares of Apollo Commercial Real Estate Finance in a research note on Tuesday, May 5th. They set a “neutral” rating and a $11.50 price objective for the company. BTIG Research cut Apollo Commercial Real Estate Finance from a “buy” rating to a “neutral” rating in a research report on Thursday, June 25th. Weiss Ratings upgraded Apollo Commercial Real Estate Finance from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, August 14th. Finally, Zacks Research downgraded shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “strong sell” rating in a report on Monday, August 3rd.

Apollo Commercial Real Estate Finance Stock Performance

Shares of ARI stock opened at $6.92 on Monday. The company has a market capitalization of $887.21 million, a P/E ratio of 8.65 and a beta of 1.36. Apollo Commercial Real Estate Finance has a 52 week low of $6.43 and a 52 week high of $11.24. The company’s 50 day moving average price is $8.54 and its two-hundred day moving average price is $9.98.

Apollo Commercial Real Estate Finance (NYSE:ARI) last issued its quarterly earnings data on Monday, August 10th. The real estate investment trust reported ($2.62) EPS for the quarter. The company had revenue of $44.38 million for the quarter. Apollo Commercial Real Estate Finance had a return on equity of 7.39% and a net margin of 55.49%. Analysts forecast that Apollo Commercial Real Estate Finance will post -0.18 earnings per share for the current year.

Apollo Commercial Real Estate Finance Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a dividend of $3.75 per share. This represents a $15.00 dividend on an annualized basis and a yield of 216.8%. This is a boost from Apollo Commercial Real Estate Finance’s previous quarterly dividend of $0.25. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is presently 125.00%.

Institutional Investors Weigh In On Apollo Commercial Real Estate Finance

A number of large investors have recently added to or reduced their stakes in ARI. Greenland Capital Management LP acquired a new position in shares of Apollo Commercial Real Estate Finance in the second quarter valued at $9,238,000. Markowski Investments acquired a new position in shares of Apollo Commercial Real Estate Finance in the second quarter valued at approximately $55,000. BTG Pactual Asset Management US LLC acquired a new stake in Apollo Commercial Real Estate Finance during the 2nd quarter worth approximately $570,000. Two Sigma Securities LLC bought a new stake in Apollo Commercial Real Estate Finance in the 2nd quarter valued at $423,000. Finally, GTS Securities LLC bought a new position in Apollo Commercial Real Estate Finance during the 2nd quarter worth $117,000. Institutional investors own 54.43% of the company’s stock.

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.