Apollo Commercial Real Estate Finance (NYSE:ARI) Stock Has Average Price Target of $11.33

by · The Cerbat Gem

Shares of Apollo Commercial Real Estate Finance (NYSE:ARI – Get Free Report) have received a consensus recommendation of “Hold” from the six analysts that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $11.33.

A number of equities research analysts recently weighed in on ARI shares. Wall Street Zen raised Apollo Commercial Real Estate Finance from a “sell” rating to a “hold” rating in a report on Monday, October 5th. Zacks Research raised Apollo Commercial Real Estate Finance from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 15th. BTIG Research lowered Apollo Commercial Real Estate Finance from a “buy” rating to a “neutral” rating in a research note on Thursday, June 25th. Finally, Weiss Ratings cut Apollo Commercial Real Estate Finance from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday.

Read Our Latest Research Report on ARI

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in Apollo Commercial Real Estate Finance during the 2nd quarter worth about $127,411,000. Empyrean Capital Partners LP bought a new position in shares of Apollo Commercial Real Estate Finance in the first quarter worth about $9,332,000. Greenland Capital Management LP bought a new position in shares of Apollo Commercial Real Estate Finance in the second quarter worth about $9,238,000. First Trust Advisors LP raised its stake in shares of Apollo Commercial Real Estate Finance by 23.0% in the first quarter. First Trust Advisors LP now owns 782,514 shares of the real estate investment trust’s stock worth $8,263,000 after acquiring an additional 146,131 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of Apollo Commercial Real Estate Finance during the second quarter worth approximately $6,767,000. Institutional investors and hedge funds own 54.43% of the company’s stock.

Apollo Commercial Real Estate Finance Trading Up 0.1%

NYSE ARI opened at $6.25 on Tuesday. Apollo Commercial Real Estate Finance has a 1-year low of $6.11 and a 1-year high of $11.24. The company has a 50 day moving average of $6.62 and a 200-day moving average of $8.99. The firm has a market cap of $802.73 million, a price-to-earnings ratio of 7.81 and a beta of 1.40.

Apollo Commercial Real Estate Finance (NYSE:ARI – Get Free Report) last announced its earnings results on Tuesday, August 11th. The real estate investment trust reported ($2.62) EPS for the quarter. The business had revenue of $44.38 million during the quarter. Apollo Commercial Real Estate Finance had a return on equity of 7.39% and a net margin of 55.49%. On average, analysts forecast 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. Investors of record on Tuesday, June 30th were issued a $3.75 dividend. This represents a $15.00 dividend on an annualized basis and a dividend yield of 240.2%. This is a boost from Apollo Commercial Real Estate Finance’s previous quarterly dividend of $0.25. Apollo Commercial Real Estate Finance’s payout ratio is currently 125.00%.

About Apollo Commercial Real Estate Finance

(Get Free Report)

Apollo Commercial Real Estate Finance, Inc (NYSE:ARI) is a real estate investment trust (REIT) that originates, acquires, invests in and manages commercial real estate debt. The company primarily focuses on loans secured by institutional-quality properties and seeks to generate income from a diversified portfolio of commercial real estate investments.

Its investments may include senior mortgage loans, mezzanine loans, subordinated debt and other commercial real estate-related financing arrangements.

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