Apollo Commercial Real Estate Finance (NYSE:ARI) Receives $11.00 Average Target Price from Brokerages

Apollo Commercial Real Estate Finance (NYSE:ARI) has been assigned a consensus rating of “Hold” from the seven research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $11.00.

A number of analysts have recently weighed in on the company. Wall Street Zen cut Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a research report on Saturday, January 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Apollo Commercial Real Estate Finance in a research report on Monday, December 29th. Keefe, Bruyette & Woods boosted their price target on shares of Apollo Commercial Real Estate Finance from $10.75 to $11.50 and gave the company an “outperform” rating in a report on Thursday, February 12th. Finally, Zacks Research lowered shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 19th.

Institutional Trading of Apollo Commercial Real Estate Finance

Several large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its position in 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 valued at $27,000 after purchasing an additional 1,066 shares in the last quarter. Amalgamated Bank boosted its stake in shares of Apollo Commercial Real Estate Finance by 3.2% during the 3rd quarter. Amalgamated Bank now owns 38,257 shares of the real estate investment trust’s stock valued at $388,000 after buying an additional 1,182 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of Apollo Commercial Real Estate Finance by 18.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 7,462 shares of the real estate investment trust’s stock valued at $74,000 after acquiring an additional 1,183 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Apollo Commercial Real Estate Finance by 18.6% in the third quarter. EverSource Wealth Advisors LLC now owns 8,346 shares of the real estate investment trust’s stock worth $85,000 after acquiring an additional 1,308 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Apollo Commercial Real Estate Finance by 8.9% during the second quarter. Envestnet Asset Management Inc. now owns 19,328 shares of the real estate investment trust’s stock worth $187,000 after acquiring an additional 1,582 shares in the last quarter. 54.43% of the stock is currently owned by institutional investors and hedge funds.

Apollo Commercial Real Estate Finance Price Performance

Shares of NYSE:ARI opened at $10.64 on Friday. The company has a quick ratio of 96.78, a current ratio of 96.78 and a debt-to-equity ratio of 0.66. Apollo Commercial Real Estate Finance has a fifty-two week low of $7.70 and a fifty-two week high of $11.20. The firm has a 50-day simple moving average of $10.51 and a 200 day simple moving average of $10.24. The company has a market cap of $1.48 billion, a PE ratio of 13.29 and a beta of 1.52.

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

Apollo Commercial Real Estate Finance Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a $0.25 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 9.4%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is presently 125.00%.

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.