Apollo Commercial Real Estate Finance (NYSE:ARI – Get Free Report) has received a consensus recommendation of “Hold” from the six brokerages that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $11.1250.
Several analysts have issued reports on ARI shares. Wall Street Zen cut Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Zacks Research raised Apollo Commercial Real Estate Finance from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Keefe, Bruyette & Woods upped their target price on Apollo Commercial Real Estate Finance from $10.75 to $11.50 and gave the company an “outperform” rating in a report on Thursday, February 12th. Finally, Bank of America started coverage on Apollo Commercial Real Estate Finance in a report on Tuesday, May 5th. They set a “neutral” rating and a $11.50 target price for the company.
Check Out Our Latest Stock Report on ARI
Insider Transactions at Apollo Commercial Real Estate Finance
Hedge Funds Weigh In On Apollo Commercial Real Estate Finance
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its holdings in Apollo Commercial Real Estate Finance by 60.4% in the 4th quarter. GAMMA Investing LLC now owns 2,832 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 1,066 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in Apollo Commercial Real Estate Finance by 1,047.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,145 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 2,871 shares in the last quarter. Bessemer Group Inc. grew its holdings in Apollo Commercial Real Estate Finance by 388.7% in the 1st quarter. Bessemer Group Inc. now owns 3,255 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 2,589 shares in the last quarter. Parallel Advisors LLC grew its holdings in Apollo Commercial Real Estate Finance by 61.7% in the 1st quarter. Parallel Advisors LLC now owns 4,656 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 1,777 shares in the last quarter. Finally, Danske Bank A S bought a new position in Apollo Commercial Real Estate Finance in the 3rd quarter worth approximately $50,000. 54.43% of the stock is owned by institutional investors.
Apollo Commercial Real Estate Finance Trading Down 1.1%
NYSE:ARI opened at $10.85 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 81.80 and a current ratio of 81.81. Apollo Commercial Real Estate Finance has a one year low of $9.39 and a one year high of $11.24. The business’s 50-day simple moving average is $10.74 and its 200 day simple moving average is $10.37. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 13.39 and a beta of 1.37.
Apollo Commercial Real Estate Finance (NYSE:ARI – Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.22 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.07). Apollo Commercial Real Estate Finance had a return on equity of 7.87% and a net margin of 48.01%.The business had revenue of $58.63 million during the quarter, compared to analyst estimates of $77.85 million. As a group, sell-side analysts predict that Apollo Commercial Real Estate Finance will post 0.88 earnings per share for the current fiscal year.
Apollo Commercial Real Estate Finance Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 9.2%. The ex-dividend date of this dividend was Tuesday, March 31st. Apollo Commercial Real Estate Finance’s dividend payout ratio is 123.46%.
About Apollo Commercial Real Estate Finance
Apollo Commercial Real Estate Finance, Inc (NYSE: ARI) is a real estate finance company structured as a real estate investment trust (REIT). The company focuses on originating, acquiring and managing a diversified portfolio of commercial real estate debt and preferred equity investments. As an externally managed vehicle, ARI leverages the expertise and resources of an affiliate of Apollo Global Management, a leading global alternative investment manager.
ARI’s investment strategy is centered on providing first mortgage loans, mezzanine debt financing, bridge loans and preferred equity across a broad range of property types, including office, retail, industrial and multifamily assets.
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