Apollo Commercial Real Estate Finance (NYSE:ARI) Given New $10.00 Price Target at Keefe, Bruyette & Woods

Apollo Commercial Real Estate Finance (NYSE:ARI) had its target price decreased by Keefe, Bruyette & Woods from $11.00 to $10.00 in a research note published on Wednesday, Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the real estate investment trust’s stock.

Several other brokerages have also recently issued reports on ARI. TheStreet upgraded Apollo Commercial Real Estate Finance from a d+ rating to a c- rating in a research note on Wednesday, March 20th. JPMorgan Chase & Co. reduced their price objective on 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. Finally, 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 note on Monday, March 4th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to MarketBeat, Apollo Commercial Real Estate Finance has a consensus rating of Hold and an average target price of $10.38.

Apollo Commercial Real Estate Finance Stock Performance

Shares of ARI opened at $10.05 on Wednesday. The business’s fifty day moving average price is $10.87 and its 200 day moving average price is $11.00. Apollo Commercial Real Estate Finance has a 12-month low of $9.22 and a 12-month high of $12.74. The stock has a market capitalization of $1.43 billion, a PE ratio of -12.88 and a beta of 1.69. The company has a debt-to-equity ratio of 0.61, a current ratio of 52.35 and a quick ratio of 67.73.

Apollo Commercial Real Estate Finance Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 13.93%. The ex-dividend date was Wednesday, March 27th. Apollo Commercial Real Estate Finance’s payout ratio is -179.49%.

Insider Buying and Selling at Apollo Commercial Real Estate Finance

In other Apollo Commercial Real Estate Finance news, Director Mark C. Biderman sold 15,000 shares of the firm’s 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 sale, the director now directly owns 60,625 shares in the company, valued at $606,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Stuart Rothstein sold 40,000 shares of Apollo Commercial Real Estate Finance stock in a transaction dated Monday, April 15th. The shares were 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mark C. Biderman sold 15,000 shares of Apollo Commercial Real Estate Finance stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $10.00, for a total transaction of $150,000.00. Following the sale, the director now owns 60,625 shares in the company, valued at $606,250. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Apollo Commercial Real Estate Finance

Hedge funds and other institutional investors have recently modified their holdings of the stock. QRG Capital Management Inc. acquired a new position in Apollo Commercial Real Estate Finance during the third quarter worth about $765,000. Illinois Municipal Retirement Fund acquired a new position in Apollo Commercial Real Estate Finance during the third quarter worth about $793,000. Charles Schwab Investment Management Inc. grew its holdings in 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 acquiring an additional 98,053 shares during the period. Barclays PLC grew its holdings in 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 acquiring an additional 49,124 shares during the period. Finally, Alps Advisors Inc. acquired a new position in Apollo Commercial Real Estate Finance during the third quarter worth about $366,000. 54.43% of the stock is currently owned by institutional investors.

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.