Brokerages Set Apollo Commercial Real Estate Finance (NYSE:ARI) PT at $11.33

Shares of Apollo Commercial Real Estate Finance (NYSE:ARI) have been assigned an average recommendation of “Hold” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $11.3333.

Several brokerages recently weighed in on ARI. Bank of America initiated coverage on shares of Apollo Commercial Real Estate Finance in a research report on Tuesday, May 5th. They set a “neutral” rating and a $11.50 price target for the company. Weiss Ratings raised Apollo Commercial Real Estate Finance from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, August 14th. Zacks Research downgraded Apollo Commercial Real Estate Finance from a “hold” rating to a “strong sell” rating in a research note on Monday, August 3rd. Wall Street Zen upgraded Apollo Commercial Real Estate Finance from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Finally, BTIG Research downgraded Apollo Commercial Real Estate Finance from a “buy” rating to a “neutral” rating in a report on Thursday, June 25th.

Institutional Trading of Apollo Commercial Real Estate Finance

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC grew its holdings in Apollo Commercial Real Estate Finance by 43.4% in the first quarter. AQR Capital Management LLC now owns 21,016 shares of the real estate investment trust’s stock worth $201,000 after purchasing an additional 6,358 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Apollo Commercial Real Estate Finance by 8.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 19,328 shares of the real estate investment trust’s stock valued at $187,000 after buying an additional 1,582 shares in the last quarter. Creative Planning grew its holdings in shares of Apollo Commercial Real Estate Finance by 14.5% during the second quarter. Creative Planning now owns 17,093 shares of the real estate investment trust’s stock worth $165,000 after buying an additional 2,166 shares in the last quarter. Norges Bank purchased a new stake in Apollo Commercial Real Estate Finance in the 2nd quarter valued at $1,146,000. Finally, Invesco Ltd. increased its holdings in shares of Apollo Commercial Real Estate Finance by 50.4% during the 2nd quarter. Invesco Ltd. now owns 1,291,072 shares of the real estate investment trust’s stock worth $12,498,000 after buying an additional 432,377 shares during the last quarter. Hedge funds and other institutional investors own 54.43% of the company’s stock.

Apollo Commercial Real Estate Finance Trading Down 0.3%

Shares of NYSE ARI opened at $6.92 on Monday. Apollo Commercial Real Estate Finance has a 12 month low of $6.43 and a 12 month high of $11.24. The firm has a market capitalization of $887.21 million, a price-to-earnings ratio of 8.65 and a beta of 1.36. The business has a 50-day moving average of $8.54 and a 200-day moving average of $9.98.

Apollo Commercial Real Estate Finance (NYSE:ARI) last released its quarterly earnings results on Monday, August 10th. The real estate investment trust reported ($2.62) EPS for the quarter. The business had revenue of $44.38 million for the quarter. Apollo Commercial Real Estate Finance had a net margin of 55.49% and a return on equity of 7.39%. On average, analysts predict 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 firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $3.75 per share. This is a boost from Apollo Commercial Real Estate Finance’s previous quarterly dividend of $0.25. This represents a $15.00 dividend on an annualized basis and a yield of 216.8%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is currently 125.00%.

Apollo Commercial Real Estate Finance Company Profile

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.