Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI – Get Free Report) has been assigned a consensus recommendation of “Reduce” from the four brokerages that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $10.38.
Several equities research analysts have recently issued reports on ARI shares. JPMorgan Chase & Co. lowered their target price on shares of Apollo Commercial Real Estate Finance from $11.00 to $10.50 and set a “neutral” rating on the stock in a research note on Wednesday, April 10th. Keefe, Bruyette & Woods dropped their price objective on Apollo Commercial Real Estate Finance from $11.00 to $10.00 and set a “market perform” rating on the stock in a report on Wednesday, May 1st. Bank of America downgraded Apollo Commercial Real Estate Finance from a “neutral” rating to an “underperform” rating and set a $10.50 target price for the company. in a research note on Monday, March 4th. Finally, TheStreet raised shares of Apollo Commercial Real Estate Finance from a “d+” rating to a “c-” rating in a research note on Wednesday, March 20th.
View Our Latest Analysis on Apollo Commercial Real Estate Finance
Insider Transactions at Apollo Commercial Real Estate Finance
In related news, Director Mark C. Biderman sold 15,000 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $10.00, for a total value of $150,000.00. Following the completion of the transaction, the director now directly owns 60,625 shares of the company’s stock, valued at approximately $606,250. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Stuart Rothstein sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $10.60, for a total transaction of $424,000.00. Following the transaction, the chief executive officer now directly owns 415,292 shares in the company, valued at approximately $4,402,095.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Mark C. Biderman sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $10.00, for a total value of $150,000.00. Following the completion of the sale, the director now owns 60,625 shares of the company’s stock, valued at $606,250. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.
Hedge Funds Weigh In On Apollo Commercial Real Estate Finance
Institutional investors have recently added to or reduced their stakes in the stock. H&H Retirement Design & Management INC raised its holdings in shares of Apollo Commercial Real Estate Finance by 3.3% during the 4th quarter. H&H Retirement Design & Management INC now owns 33,644 shares of the real estate investment trust’s stock worth $395,000 after acquiring an additional 1,081 shares during the period. Atria Wealth Solutions Inc. grew its stake in shares of Apollo Commercial Real Estate Finance by 4.2% in the 3rd quarter. Atria Wealth Solutions Inc. now owns 27,933 shares of the real estate investment trust’s stock valued at $283,000 after buying an additional 1,128 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in shares of Apollo Commercial Real Estate Finance by 7.6% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 15,966 shares of the real estate investment trust’s stock valued at $162,000 after buying an additional 1,129 shares during the period. MAS Advisors LLC increased its holdings in shares of Apollo Commercial Real Estate Finance by 5.4% during the 4th quarter. MAS Advisors LLC now owns 30,092 shares of the real estate investment trust’s stock worth $353,000 after buying an additional 1,537 shares during the last quarter. Finally, Private Advisor Group LLC raised its position in shares of Apollo Commercial Real Estate Finance by 7.6% during the 3rd quarter. Private Advisor Group LLC now owns 23,032 shares of the real estate investment trust’s stock valued at $233,000 after buying an additional 1,620 shares during the period. Hedge funds and other institutional investors own 54.43% of the company’s stock.
Apollo Commercial Real Estate Finance Stock Performance
Shares of NYSE ARI opened at $10.00 on Wednesday. The company has a market capitalization of $1.42 billion, a PE ratio of -12.81, a price-to-earnings-growth ratio of 1.55 and a beta of 1.69. The company has a debt-to-equity ratio of 0.61, a quick ratio of 52.35 and a current ratio of 52.35. The company’s fifty day moving average price is $10.61 and its 200 day moving average price is $11.04. Apollo Commercial Real Estate Finance has a 1 year low of $9.22 and a 1 year high of $12.74.
Apollo Commercial Real Estate Finance Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.40 annualized dividend and a dividend yield of 14.01%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is presently -179.49%.
About Apollo Commercial Real Estate Finance
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.
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