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

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) has earned a consensus rating of “Reduce” from the four brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $10.38.

Several brokerages recently issued reports on ARI. 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 research note on Wednesday, May 1st. TheStreet upgraded Apollo Commercial Real Estate Finance from a “d+” rating to a “c-” rating in a report on Wednesday, March 20th. JPMorgan Chase & Co. cut their price target on 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. Finally, Bank of America downgraded Apollo Commercial Real Estate Finance from a “neutral” rating to an “underperform” rating and set a $10.50 price target on the stock. in a report on Monday, March 4th.

Insider Transactions at Apollo Commercial Real Estate Finance

In other news, CEO Stuart Rothstein sold 40,000 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $10.60, for a total value of $424,000.00. Following the completion of the sale, the chief executive officer now owns 415,292 shares of the company’s stock, valued at approximately $4,402,095.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other 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 completion of the sale, the director now owns 60,625 shares of the company’s stock, valued at approximately $606,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stuart Rothstein sold 40,000 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $10.60, for a total value of $424,000.00. Following the completion of the sale, the chief executive officer now directly owns 415,292 shares of the company’s stock, valued at approximately $4,402,095.20. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.

Institutional Trading of Apollo Commercial Real Estate Finance

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Future Financial Wealth Managment LLC acquired a new stake in Apollo Commercial Real Estate Finance during the 1st quarter worth about $56,000. Naples Money Management LLC acquired a new stake in Apollo Commercial Real Estate Finance during the 4th quarter worth about $64,000. EMC Capital Management lifted its position in Apollo Commercial Real Estate Finance by 134.6% during the 3rd quarter. EMC Capital Management now owns 6,922 shares of the real estate investment trust’s stock worth $70,000 after acquiring an additional 3,971 shares during the period. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in Apollo Commercial Real Estate Finance during the 3rd quarter worth about $105,000. Finally, Hollencrest Capital Management lifted its position in Apollo Commercial Real Estate Finance by 100.0% during the 1st quarter. Hollencrest Capital Management now owns 10,000 shares of the real estate investment trust’s stock worth $111,000 after acquiring an additional 5,000 shares during the period. Institutional investors and hedge funds own 54.43% of the company’s stock.

Apollo Commercial Real Estate Finance Stock Up 1.1 %

Shares of NYSE:ARI opened at $10.11 on Friday. Apollo Commercial Real Estate Finance has a 52-week low of $9.22 and a 52-week high of $12.74. The stock has a market cap of $1.44 billion, a P/E ratio of -12.96 and a beta of 1.69. The business’s 50 day moving average is $10.77 and its 200 day moving average is $11.01. The company has a quick ratio of 52.35, a current ratio of 52.35 and a debt-to-equity ratio of 0.61.

Apollo Commercial Real Estate Finance Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 13.85%. 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.