Apollo Commercial Real Estate Finance (NYSE:ARI) Upgraded at StockNews.com

StockNews.com upgraded shares of Apollo Commercial Real Estate Finance (NYSE:ARI) from a sell rating to a hold rating in a research report sent to investors on Tuesday morning.

A number of other analysts also recently weighed in on ARI. UBS Group reduced their target price on shares of Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a “neutral” rating on the stock in a research report on Friday, November 15th. JPMorgan Chase & Co. reduced their target price on shares of Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating on the stock in a research report on Thursday, October 17th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Apollo Commercial Real Estate Finance from $9.00 to $8.75 and set a “market perform” rating on the stock in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $9.31.

Apollo Commercial Real Estate Finance Stock Down 0.0 %

NYSE:ARI opened at $8.90 on Tuesday. The firm’s 50-day moving average price is $9.02 and its 200-day moving average price is $9.51. The company has a market capitalization of $1.23 billion, a PE ratio of -9.67 and a beta of 1.74. The company has a debt-to-equity ratio of 0.67, a current ratio of 46.13 and a quick ratio of 46.13. Apollo Commercial Real Estate Finance has a 1-year low of $8.44 and a 1-year high of $11.97.

Apollo Commercial Real Estate Finance Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 11.24%. The ex-dividend date was Tuesday, December 31st. Apollo Commercial Real Estate Finance’s payout ratio is -108.70%.

Hedge Funds Weigh In On Apollo Commercial Real Estate Finance

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC lifted its stake in Apollo Commercial Real Estate Finance by 139.4% during the 3rd quarter. Jane Street Group LLC now owns 302,388 shares of the real estate investment trust’s stock valued at $2,779,000 after acquiring an additional 176,101 shares during the period. Barclays PLC lifted its stake in Apollo Commercial Real Estate Finance by 65.9% during the 3rd quarter. Barclays PLC now owns 329,462 shares of the real estate investment trust’s stock valued at $3,028,000 after acquiring an additional 130,892 shares during the period. Advisors Asset Management Inc. lifted its stake in Apollo Commercial Real Estate Finance by 72.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 468,335 shares of the real estate investment trust’s stock valued at $4,304,000 after acquiring an additional 196,122 shares during the period. Envestnet Asset Management Inc. lifted its stake in Apollo Commercial Real Estate Finance by 8.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 281,902 shares of the real estate investment trust’s stock valued at $2,760,000 after acquiring an additional 20,801 shares during the period. Finally, Quest Partners LLC lifted its stake in Apollo Commercial Real Estate Finance by 960.9% during the 3rd quarter. Quest Partners LLC now owns 101,641 shares of the real estate investment trust’s stock valued at $934,000 after acquiring an additional 92,060 shares during the period. Institutional investors own 54.43% of the company’s stock.

Apollo Commercial Real Estate Finance Company Profile

Apollo Commercial Real Estate Finance, Inc operates as a real estate investment trust (REIT) that originates, acquires, invests in, and manages commercial first mortgage loans, subordinate financings, and other commercial real estate-related debt investments in the United States, the United Kingdom, and Europe.