Apollo Commercial Real Estate Finance (NYSE:ARI) Stock Has Consensus Target Price of $11.33

Apollo Commercial Real Estate Finance (NYSE:ARI) has been given a consensus recommendation of “Hold” by the six ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $11.33.

A number of research analysts have recently weighed in on ARI shares. 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 lowered shares of Apollo Commercial Real Estate Finance from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday. Wall Street Zen raised shares of Apollo Commercial Real Estate Finance from a “sell” rating to a “hold” rating in a report on Monday, October 5th. Finally, Zacks Research upgraded shares of Apollo Commercial Real Estate Finance from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 15th.

Institutional Trading of Apollo Commercial Real Estate Finance

Institutional investors and hedge funds have recently bought and sold shares of the stock. QRG Capital Management Inc. boosted its position in Apollo Commercial Real Estate Finance by 16.4% in the 2nd quarter. QRG Capital Management Inc. now owns 74,543 shares of the real estate investment trust’s stock worth $796,000 after purchasing an additional 10,517 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Apollo Commercial Real Estate Finance during the 2nd quarter worth approximately $36,000. Squarepoint Ops LLC acquired a new stake in shares of Apollo Commercial Real Estate Finance during the 2nd quarter worth approximately $5,880,000. Waverly Advisors LLC purchased a new position in shares of Apollo Commercial Real Estate Finance during the 2nd quarter valued at approximately $213,000. Finally, Corient Private Wealth LP purchased a new position in shares of Apollo Commercial Real Estate Finance during the 2nd quarter valued at approximately $193,000. 54.43% of the stock is currently owned by institutional investors.

Apollo Commercial Real Estate Finance Trading Up 1.2%

Apollo Commercial Real Estate Finance stock opened at $6.32 on Tuesday. Apollo Commercial Real Estate Finance has a 12 month low of $6.11 and a 12 month high of $11.24. The stock has a fifty day simple moving average of $6.61 and a two-hundred day simple moving average of $8.96. The firm has a market cap of $811.73 million, a price-to-earnings ratio of 7.89 and a beta of 1.40.

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

Apollo Commercial Real Estate Finance Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $3.75 per share. This represents a $15.00 annualized dividend and a dividend yield of 237.5%. 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 currently 125.00%.

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, invests in and manages commercial real estate debt. The company primarily focuses on loans secured by institutional-quality properties and seeks to generate income from a diversified portfolio of commercial real estate investments.

Its investments may include senior mortgage loans, mezzanine loans, subordinated debt and other commercial real estate-related financing arrangements.