Shares of Apollo Commercial Real Estate Finance (NYSE:ARI) have been given an average rating of “Hold” by the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $18.50.

A number of research analysts have weighed in on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and set a $19.00 price target on shares of Apollo Commercial Real Estate Finance in a research report on Thursday, July 20th. BidaskClub cut shares of Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research cut shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $18.00 price target on shares of Apollo Commercial Real Estate Finance in a research report on Friday, June 9th.

Shares of Apollo Commercial Real Estate Finance (ARI) opened at 17.97 on Friday. Apollo Commercial Real Estate Finance has a 12-month low of $15.54 and a 12-month high of $19.92. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 8.90 and a beta of 0.64. The firm’s 50-day moving average is $17.95 and its 200-day moving average is $18.41.

Apollo Commercial Real Estate Finance (NYSE:ARI) last announced its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). The business had revenue of $62.22 million for the quarter, compared to analyst estimates of $63.75 million. Apollo Commercial Real Estate Finance had a net margin of 93.54% and a return on equity of 9.59%. The company’s quarterly revenue was up 32.6% on a year-over-year basis. During the same period last year, the firm earned $0.49 earnings per share. Equities research analysts forecast that Apollo Commercial Real Estate Finance will post $1.84 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.84 dividend on an annualized basis and a yield of 10.24%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is 86.79%.

In other Apollo Commercial Real Estate Finance news, CEO Stuart Rothstein sold 25,000 shares of Apollo Commercial Real Estate Finance stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $18.69, for a total transaction of $467,250.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.62% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Thrivent Financial For Lutherans lifted its position in shares of Apollo Commercial Real Estate Finance by 134.6% during the first quarter. Thrivent Financial For Lutherans now owns 31,360 shares of the real estate investment trust’s stock worth $590,000 after purchasing an additional 17,993 shares in the last quarter. ClariVest Asset Management LLC lifted its position in shares of Apollo Commercial Real Estate Finance by 23.8% during the first quarter. ClariVest Asset Management LLC now owns 229,600 shares of the real estate investment trust’s stock worth $4,318,000 after purchasing an additional 44,100 shares in the last quarter. Security National Trust Co. lifted its position in shares of Apollo Commercial Real Estate Finance by 40.0% during the second quarter. Security National Trust Co. now owns 8,400 shares of the real estate investment trust’s stock worth $156,000 after purchasing an additional 2,400 shares in the last quarter. Pictet North America Advisors SA acquired a new position in shares of Apollo Commercial Real Estate Finance during the second quarter worth $1,670,000. Finally, UBS Asset Management Americas Inc. lifted its position in shares of Apollo Commercial Real Estate Finance by 72.4% during the first quarter. UBS Asset Management Americas Inc. now owns 54,422 shares of the real estate investment trust’s stock worth $1,024,000 after purchasing an additional 22,854 shares in the last quarter. 64.91% of the stock is currently owned by institutional investors and hedge funds.

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Apollo Commercial Real Estate Finance Company Profile

Apollo Commercial Real Estate Finance, Inc is a real estate investment trust. The Company primarily originates, acquires, invests in and manages performing commercial first mortgage loans, subordinate financings, commercial mortgage-backed securities (CMBS) and other commercial real estate-related debt investments.

Analyst Recommendations for Apollo Commercial Real Estate Finance (NYSE:ARI)

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