Apollo Commercial Real Est. Finance Upgraded to “Outperform” by Zacks (ARI)
Apollo Commercial Real Est. Finance (NYSE:ARI) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued on Friday. The firm currently has a $17.60 price target on the stock. Zacks‘s price objective points to a potential upside of 7.58% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Apollo Commercial Real Est. Finance in a research note on Thursday. They now have a $16.50 price target on the stock, up previously from $16.00. Separately, analysts at Barclays cut their price target on shares of Apollo Commercial Real Est. Finance from $18.00 to $17.00 in a research note on Monday, July 21st. They now have an “equal weight” rating on the stock. Finally, analysts at JMP Securities cut their price target on shares of Apollo Commercial Real Est. Finance to $18.00 in a research note on Monday, June 2nd. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $17.22.
Apollo Commercial Real Est. Finance (NYSE:ARI) opened at 16.36 on Friday. Apollo Commercial Real Est. Finance has a 52-week low of $14.56 and a 52-week high of $17.18. The stock has a 50-day moving average of $16.53 and a 200-day moving average of $16.65. The company has a market cap of $766.4 million and a price-to-earnings ratio of 10.27.
Apollo Commercial Real Est. Finance (NYSE:ARI) last announced its earnings results on Tuesday, July 29th. The company reported $0.42 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.37 by $0.05. During the same quarter in the prior year, the company posted $0.31 earnings per share.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 9.78%. The ex-dividend date is Friday, September 26th.
Apollo Commercial Real Estate Finance, Inc is a real estate investment trust (NYSE:ARI) that primarily originates, acquires, invests in and manages performing commercial first mortgage loans, commercial mortgage-backed securities (CMBS), subordinate financings and other commercial real estate-related debt investments in the United States.
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