Apollo Commercial Real Estate Finance (NYSE:ARI) Stock Rating Raised to “Hold” at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of Apollo Commercial Real Estate Finance (NYSE:ARI – Free Report) from a sell rating to a hold rating in a research note released on Monday morning,Wall Street Zen reports.

Other equities analysts have also issued research reports about the stock. BTIG Research lowered shares of Apollo Commercial Real Estate Finance from a “buy” rating to a “neutral” rating in a report on Thursday, June 25th. Zacks Research upgraded 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, Weiss Ratings lowered 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. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $11.33.

Get Our Latest Analysis on ARI

Apollo Commercial Real Estate Finance Trading Up 0.6%

Shares of ARI opened at $6.24 on Monday. Apollo Commercial Real Estate Finance has a 12-month low of $6.11 and a 12-month high of $11.24. The company has a market cap of $801.45 million, a PE ratio of 7.79 and a beta of 1.40. The stock has a 50-day moving average price of $6.65 and a 200-day moving average price of $9.10.

Apollo Commercial Real Estate Finance (NYSE:ARI – Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The real estate investment trust reported ($2.62) earnings per share for the quarter. The company 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%. As a group, 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 business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $3.75 dividend. This represents a $15.00 dividend on an annualized basis and a dividend yield of 240.6%. This is a positive change from Apollo Commercial Real Estate Finance’s previous quarterly dividend of $0.25. Apollo Commercial Real Estate Finance’s payout ratio is 125.00%.

Hedge Funds Weigh In On Apollo Commercial Real Estate Finance

Several institutional investors and hedge funds have recently bought and sold shares of ARI. BlackRock Inc. bought a new stake in Apollo Commercial Real Estate Finance in the second quarter valued at approximately $127,411,000. Empyrean Capital Partners LP bought a new position in shares of Apollo Commercial Real Estate Finance in the first quarter worth approximately $9,332,000. Greenland Capital Management LP bought a new position in shares of Apollo Commercial Real Estate Finance in the second quarter worth approximately $9,238,000. First Trust Advisors LP increased 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 buying an additional 146,131 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in shares of Apollo Commercial Real Estate Finance in the second quarter worth $6,767,000. 54.43% of the stock is currently owned by institutional investors.

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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