Brokerages Set Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Price Target at $10.38

Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) have received an average recommendation of “Reduce” from the four research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $10.38.

Several brokerages have recently weighed in on ARI. Keefe, Bruyette & Woods decreased their target price on shares of Apollo Commercial Real Estate Finance from $11.00 to $10.00 and set a “market perform” rating for the company in a research note on Wednesday, May 1st. 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 report on Wednesday, April 10th. Bank of America cut Apollo Commercial Real Estate Finance from a “neutral” rating to an “underperform” rating and set a $10.50 target price on the stock. in a research report on Monday, March 4th. Finally, TheStreet upgraded shares of Apollo Commercial Real Estate Finance from a “d+” rating to a “c-” rating in a research report on Wednesday, March 20th.

Insider Transactions at Apollo Commercial Real Estate Finance

In other news, CEO Stuart Rothstein sold 40,000 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $10.60, for a total value of $424,000.00. Following the sale, the chief executive officer now owns 415,292 shares in the company, valued at approximately $4,402,095.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Apollo Commercial Real Estate Finance news, Director Mark C. Biderman sold 15,000 shares of Apollo Commercial Real Estate Finance stock in a transaction 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 transaction, the director now owns 60,625 shares of the company’s stock, valued at $606,250. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Stuart Rothstein sold 40,000 shares of the stock in a transaction 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 sale, the chief executive officer now directly owns 415,292 shares in the company, valued at $4,402,095.20. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On Apollo Commercial Real Estate Finance

Institutional investors have recently made changes to their positions in the stock. QRG Capital Management Inc. acquired a new stake in shares of Apollo Commercial Real Estate Finance in the 3rd quarter worth about $765,000. Illinois Municipal Retirement Fund bought a new stake in shares of Apollo Commercial Real Estate Finance during the third quarter valued at approximately $793,000. Charles Schwab Investment Management Inc. boosted its position in shares of Apollo Commercial Real Estate Finance by 5.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,841,722 shares of the real estate investment trust’s stock worth $18,657,000 after buying an additional 98,053 shares during the period. Barclays PLC boosted its position in shares of Apollo Commercial Real Estate Finance by 56.4% during the third quarter. Barclays PLC now owns 136,190 shares of the real estate investment trust’s stock worth $1,380,000 after buying an additional 49,124 shares during the period. Finally, Alps Advisors Inc. bought a new position in Apollo Commercial Real Estate Finance in the 3rd quarter worth approximately $366,000. 54.43% of the stock is owned by institutional investors.

Apollo Commercial Real Estate Finance Stock Up 0.1 %

ARI stock opened at $10.06 on Friday. The stock has a market cap of $1.43 billion, a P/E ratio of -12.90 and a beta of 1.69. The company has a current ratio of 52.35, a quick ratio of 52.35 and a debt-to-equity ratio of 0.61. Apollo Commercial Real Estate Finance has a twelve month low of $9.22 and a twelve month high of $12.74. The company’s 50 day moving average is $10.86 and its two-hundred day moving average is $11.01.

Apollo Commercial Real Estate Finance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.35 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.40 annualized dividend and a yield of 13.92%. Apollo Commercial Real Estate Finance’s dividend payout ratio is presently -179.49%.

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.