Apollo Commercial Real Estate Finance (NYSE:ARI) has received a consensus rating of “Hold” from the eight research firms that are covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $18.50.

A number of analysts have recently issued reports on ARI shares. BidaskClub downgraded shares of Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Zacks Investment Research upgraded shares of Apollo Commercial Real Estate Finance from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, Royal Bank Of Canada restated a “buy” rating and set a $19.00 price target on shares of Apollo Commercial Real Estate Finance in a report on Thursday, July 20th.

Several large investors have recently bought and sold shares of the stock. Principal Financial Group Inc. boosted its position in shares of Apollo Commercial Real Estate Finance by 0.5% during the 1st quarter. Principal Financial Group Inc. now owns 16,165 shares of the real estate investment trust’s stock worth $304,000 after purchasing an additional 80 shares during the period. Oppenheimer & Co. Inc. boosted its position in shares of Apollo Commercial Real Estate Finance by 0.5% during the 1st quarter. Oppenheimer & Co. Inc. now owns 58,499 shares of the real estate investment trust’s stock worth $1,101,000 after purchasing an additional 300 shares during the period. Wellington Management Group LLP boosted its position in shares of Apollo Commercial Real Estate Finance by 0.9% during the 1st quarter. Wellington Management Group LLP now owns 62,270 shares of the real estate investment trust’s stock worth $1,171,000 after purchasing an additional 557 shares during the period. Bank of Montreal Can boosted its position in shares of Apollo Commercial Real Estate Finance by 7.6% during the 2nd quarter. Bank of Montreal Can now owns 10,058 shares of the real estate investment trust’s stock worth $186,000 after purchasing an additional 707 shares during the period. Finally, Arete Wealth Advisors LLC boosted its position in shares of Apollo Commercial Real Estate Finance by 2.9% during the 2nd quarter. Arete Wealth Advisors LLC now owns 26,530 shares of the real estate investment trust’s stock worth $492,000 after purchasing an additional 750 shares during the period. 64.90% of the stock is owned by hedge funds and other institutional investors.

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Apollo Commercial Real Estate Finance (ARI) opened at 18.24 on Wednesday. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 9.03 and a beta of 0.64. Apollo Commercial Real Estate Finance has a 12 month low of $15.73 and a 12 month high of $19.92. The firm’s 50 day moving average price is $18.08 and its 200 day moving average price is $18.42.

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 (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.01). The firm had revenue of $62.22 million for the quarter, compared to analyst estimates of $63.75 million. Apollo Commercial Real Estate Finance had a return on equity of 9.59% and a net margin of 93.54%. The firm’s quarterly revenue was up 32.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.49 EPS. On average, equities research analysts predict that Apollo Commercial Real Estate Finance will post $1.84 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a dividend of $0.46 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 10.09%. Apollo Commercial Real Estate Finance’s payout ratio is currently 86.79%.

About Apollo Commercial Real Estate Finance

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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