Apollo Commercial Real Estate Finance (NYSE:ARI) Stock Rating Upgraded by 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 Thursday morning.

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

Apollo Commercial Real Estate Finance Stock Performance

Apollo Commercial Real Estate Finance stock opened at $9.13 on Thursday. Apollo Commercial Real Estate Finance has a 12-month low of $8.44 and a 12-month high of $11.64. The company has a debt-to-equity ratio of 0.67, a current ratio of 46.13 and a quick ratio of 46.13. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of -9.92 and a beta of 1.74. The firm’s fifty day moving average price is $8.97 and its 200 day moving average price is $9.40.

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 given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 10.95%. The ex-dividend date was Tuesday, December 31st. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently -108.69%.

Hedge Funds Weigh In On Apollo Commercial Real Estate Finance

Hedge funds have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC raised its holdings in shares of Apollo Commercial Real Estate Finance by 327.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,045 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 2,332 shares during the period. Future Financial Wealth Managment LLC bought a new stake in shares of Apollo Commercial Real Estate Finance during the 3rd quarter valued at about $44,000. KBC Group NV raised its stake in Apollo Commercial Real Estate Finance by 57.7% during the third quarter. KBC Group NV now owns 7,002 shares of the real estate investment trust’s stock worth $64,000 after acquiring an additional 2,562 shares during the period. SG Americas Securities LLC bought a new position in Apollo Commercial Real Estate Finance in the fourth quarter worth about $93,000. Finally, International Assets Investment Management LLC acquired a new position in Apollo Commercial Real Estate Finance in the third quarter valued at approximately $1,130,000. Institutional investors and hedge funds 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.