As reported by MarketBeat.com, Apollo Commercial Real Estate Finance (NYSE:ARI – Get Free Report ) has received a consensus recommendation of “Price Down” from the 4 brokerage firms currently covering the stock. 1 equity research analysts have rated the stock with a Sell recommendation, while 3 have assigned a Hold recommendation to the company's stock. The average 12-month target price among the brokerages that have updated their coverage of this stock in the past year is $10.38.
Several equities research analysts have recently issued reports on ARI stock. JPMorgan Chase lowered 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 research note on Wednesday, April 10th. Keefe, Bruyette & Woods lowered their price target on Apollo Commercial Real Estate Finance from $11.00 to $10.00 and set an “as average” rating on the stock in a report on Wednesday, May 1st. Bank of America lowered Apollo Commercial Real Estate Finance from a “neutral” rating to an “underperform” rating and set a $10.50 price target for the company in a research note on Monday, March 4th. Finally, TheStreet raised Apollo Commercial Real Estate Finance from a “d+” rating to a “c-” rating in a research note on Wednesday, March 20th.
View our latest analysis for Apollo Commercial Real Estate Finance
Insider Trading at Apollo Commercial Real Estate Finance
In related news, Director, Mark C. Biderman sold 15,000 shares of the company's stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $10, for a total value of $150,000. Following the completion of the transaction, the director now directly owns 60,625 shares of the company's stock, valued at approximately $606,250. The transaction was disclosed in a filing with the SEC, which can be accessed on the SEC's website. In other news, CEO, Stuart Rothstein sold 40,000 shares of the company's stock in a transaction on Monday, April 15th. The shares were sold at an average price of $10.60, for a total value of $424,000. Following the transaction, the CEO now directly owns 415,292 shares of the company's stock, valued at approximately $4,402,095.20. The sale was disclosed in a legal filing with the SEC, which can be viewed on the SEC's website. Also, Director, Mark C. Biderman sold 15,000 shares of the company's stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $10, for a total value of $150,000. Following the completion of the sale, the director now owns 60,625 shares of the company's stock, valued at $606,250. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company's stock.
Hedge Fund Joins Apollo Commercial Real Estate Finance
Institutional investors have recently added to or reduced their holdings in this stock. H&H Retirement Design & Management INC increased its holdings in shares of Apollo Commercial Real Estate Finance by 3.3% in the fourth quarter. H&H Retirement Design & Management INC now owns 33,644 shares of the real estate investment trust valued at $395,000 after acquiring an additional 1,081 shares during the period. Atria Wealth Solutions Inc. increased its holdings in shares of Apollo Commercial Real Estate Finance by 4.2% in the third quarter. Atria Wealth Solutions Inc. now owns 27,933 shares of the real estate investment trust valued at $283,000 after acquiring an additional 1,128 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Apollo Commercial Real Estate Finance by 7.6% in the third quarter. Vanguard Personalized Index Management LLC now owns 15,966 shares of the real estate investment trust's stock valued at $162,000 after purchasing an additional 1,129 shares during the period. MAS Advisors LLC increased its holdings in Apollo Commercial Real Estate Finance by 5.4% in the fourth quarter. MAS Advisors LLC now owns 30,092 shares of the real estate investment trust's stock valued at $353,000 after purchasing an additional 1,537 shares during the last quarter. Finally, Private Advisor Group LLC increased its holdings in Apollo Commercial Real Estate Finance by 7.6% in the third quarter. Private Advisor Group LLC now owns 23,032 shares of the real estate investment trust's stock valued at $233,000 after purchasing an additional 1,620 shares during the period. Hedge funds and other institutional investors own 54.43% of the company's shares.
Apollo Commercial Real Estate Finance Stock Performance
NYSE ARI's shares opened trading at $10.00 on Wednesday. The company has a market capitalization of $1.42 billion, a P/E ratio of -12.81, a price-to-earnings growth ratio of 1.55 and a beta of 1.69. The company has a debt-to-equity ratio of 0.61, a quick ratio of 52.35 and a current ratio of 52.35. The company's 50-day moving average price is $10.61 and its 200-day moving average price is $11.04. Apollo Commercial Real Estate Finance's one year low is $9.22 and its one year high is $12.74.
Apollo Commercial Real Estate Finance announces dividend
The company also recently declared a quarterly dividend, which was paid on Monday, April 15. Shareholders of record on Thursday, March 28 were paid a $0.35 dividend. The ex-dividend date for this dividend was Wednesday, March 27. This equates to an annualized dividend of $1.40, or a dividend yield of 14.01%. Apollo Commercial Real Estate Finance's dividend payout ratio (DPR) is currently -179.49%.
About Apollo Commercial Real Estate Finance
(Get your free report
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, subordinated loans and other commercial real estate related debt investments in the United States, the United Kingdom and Europe.
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