Apollo Commercial Real Estate Finance (NYSE:ARI) Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of Apollo Commercial Real Estate Finance (NYSE:ARI – Free Report) from a hold rating to a sell rating in a report published on Sunday,Wall Street Zen reports.

Several other analysts also recently issued reports on ARI. Weiss Ratings downgraded shares of Apollo Commercial Real Estate Finance from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, August 31st. Zacks Research raised shares of Apollo Commercial Real Estate Finance from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 15th. Finally, BTIG Research cut shares of Apollo Commercial Real Estate Finance from a “buy” rating to a “neutral” rating in a research report on Thursday, June 25th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Apollo Commercial Real Estate Finance currently has a consensus rating of “Hold” and a consensus target price of $11.33.

Read Our Latest Research Report on ARI

Apollo Commercial Real Estate Finance Price Performance

Shares of ARI opened at $6.24 on Friday. The stock’s 50-day moving average is $6.70 and its two-hundred day moving average is $9.22. The stock has a market cap of $801.45 million, a PE ratio of 7.79 and a beta of 1.36. Apollo Commercial Real Estate Finance has a 12 month low of $6.15 and a 12 month high of $11.24.

Apollo Commercial Real Estate Finance (NYSE:ARI – Get Free Report) last posted its earnings results on Tuesday, August 11th. The real estate investment trust reported ($2.62) earnings per share (EPS) for the quarter. The company had revenue of $44.38 million during the quarter. Apollo Commercial Real Estate Finance had a net margin of 55.49% and a return on equity of 7.39%. On average, research analysts anticipate that Apollo Commercial Real Estate Finance will post -0.18 earnings per share for the current year.

Apollo Commercial Real Estate Finance Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $3.75 per share. This represents a $15.00 dividend on an annualized basis and a yield of 240.6%. This is an increase from Apollo Commercial Real Estate Finance’s previous quarterly dividend of $0.25. Apollo Commercial Real Estate Finance’s dividend payout ratio is 125.00%.

Institutional Investors Weigh In On Apollo Commercial Real Estate Finance

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bessemer Group Inc. grew its stake in Apollo Commercial Real Estate Finance by 388.7% in the first quarter. Bessemer Group Inc. now owns 3,255 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 2,589 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Apollo Commercial Real Estate Finance during the second quarter valued at approximately $36,000. Public Employees Retirement System of Ohio bought a new position in Apollo Commercial Real Estate Finance during the 2nd quarter worth approximately $47,000. Parallel Advisors LLC lifted its holdings in Apollo Commercial Real Estate Finance by 61.7% during 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 during the last quarter. Finally, Markowski Investments acquired a new position in shares of Apollo Commercial Real Estate Finance in the 2nd quarter worth approximately $55,000. Institutional investors own 54.43% of the company’s stock.

Apollo Commercial Real Estate Finance Company Profile

(Get Free Report)

Apollo Commercial Real Estate Finance, Inc (NYSE: ARI) is a real estate investment trust (REIT) that originates, acquires and manages commercial real estate debt investments. The company primarily seeks income from loans and other financing arrangements secured by commercial properties.

Its investment activities may include senior mortgage loans, subordinate and mezzanine financing, preferred equity investments, commercial mortgage-backed securities and other commercial real estate-related assets.

See Also

Analyst Recommendations for Apollo Commercial Real Estate Finance (NYSE:ARI)

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