Brokerages Set Apollo Commercial Real Estate Finance (NYSE:ARI) Price Target at $10.88

Apollo Commercial Real Estate Finance (NYSE:ARI) has been given an average recommendation of “Hold” by the seven analysts that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $10.8750.

ARI has been the subject of several analyst reports. Zacks Research downgraded Apollo Commercial Real Estate Finance from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 16th. JPMorgan Chase & Co. increased their price target on Apollo Commercial Real Estate Finance from $10.50 to $11.00 and gave the company an “overweight” rating in a research report on Monday, November 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Apollo Commercial Real Estate Finance in a research note on Wednesday. Keefe, Bruyette & Woods upped their target price on shares of Apollo Commercial Real Estate Finance from $10.75 to $11.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Finally, Wall Street Zen downgraded shares of Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a report on Saturday.

Insider Activity at Apollo Commercial Real Estate Finance

In other news, CEO Stuart Rothstein sold 52,073 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $10.78, for a total value of $561,346.94. Following the transaction, the chief executive officer owned 281,781 shares in the company, valued at $3,037,599.18. The trade was a 15.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.68% of the stock is currently owned by corporate insiders.

Institutional Trading of Apollo Commercial Real Estate Finance

A number of hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC boosted its position in Apollo Commercial Real Estate Finance by 1,047.8% in the third quarter. Farther Finance Advisors LLC now owns 3,145 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 2,871 shares during the last quarter. CWM LLC boosted its holdings in shares of Apollo Commercial Real Estate Finance by 39.2% in the 1st quarter. CWM LLC now owns 3,858 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 1,087 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Apollo Commercial Real Estate Finance by 55.6% in the 2nd quarter. Signaturefd LLC now owns 4,059 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 1,451 shares during the last quarter. McElhenny Sheffield Capital Management LLC bought a new position in Apollo Commercial Real Estate Finance during the second quarter valued at about $41,000. Finally, Danske Bank A S purchased a new stake in Apollo Commercial Real Estate Finance during the third quarter worth about $50,000. 54.43% of the stock is currently owned by institutional investors.

Apollo Commercial Real Estate Finance Trading Up 1.7%

NYSE:ARI opened at $9.92 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 90.32 and a quick ratio of 90.32. Apollo Commercial Real Estate Finance has a one year low of $7.70 and a one year high of $11.11. The company has a market cap of $1.38 billion, a PE ratio of 11.14, a PEG ratio of 0.55 and a beta of 1.60. The firm has a 50-day moving average of $10.09 and a 200-day moving average of $10.02.

Apollo Commercial Real Estate Finance Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a $0.25 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $1.00 annualized dividend and a yield of 10.1%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is 112.36%.

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.