Brokerages Set Apollo Commercial Real Estate Finance (NYSE:ARI) Target Price at $11.00
by Doug Wharley · The Cerbat GemApollo Commercial Real Estate Finance (NYSE:ARI – Get Free Report) has earned a consensus recommendation of “Hold” from the seven ratings firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $11.00.
Several equities research analysts recently commented on the stock. Zacks Research cut shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 19th. Keefe, Bruyette & Woods boosted their price target on shares of Apollo Commercial Real Estate Finance from $10.75 to $11.50 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Wall Street Zen cut shares of Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a research report on Saturday, January 3rd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Apollo Commercial Real Estate Finance in a research report on Monday, December 29th.
View Our Latest Report on Apollo Commercial Real Estate Finance
Apollo Commercial Real Estate Finance Trading Down 1.5%
ARI opened at $11.06 on Tuesday. The stock has a market capitalization of $1.54 billion, a P/E ratio of 13.82 and a beta of 1.46. Apollo Commercial Real Estate Finance has a 12 month low of $8.09 and a 12 month high of $11.24. The firm’s fifty day simple moving average is $10.61 and its 200 day simple moving average is $10.25. The company has a current ratio of 96.78, a quick ratio of 96.78 and a debt-to-equity ratio of 0.66.
Apollo Commercial Real Estate Finance (NYSE:ARI – Get Free Report) last posted its quarterly earnings data on Tuesday, February 10th. The real estate investment trust reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26. The business had revenue of $73.25 million for the quarter, compared to analysts’ expectations of $46.97 million. Apollo Commercial Real Estate Finance had a net margin of 46.66% and a return on equity of 7.94%. As a group, research analysts anticipate that Apollo Commercial Real Estate Finance will post 0.63 EPS for the current fiscal year.
Apollo Commercial Real Estate Finance Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.00 annualized dividend and a yield of 9.0%. Apollo Commercial Real Estate Finance’s payout ratio is 125.00%.
Institutional Investors Weigh In On Apollo Commercial Real Estate Finance
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. State Street Corp lifted its position in Apollo Commercial Real Estate Finance by 1.1% during the 4th quarter. State Street Corp now owns 5,298,362 shares of the real estate investment trust’s stock worth $52,588,000 after buying an additional 56,377 shares in the last quarter. Geode Capital Management LLC lifted its position in Apollo Commercial Real Estate Finance by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 3,167,013 shares of the real estate investment trust’s stock worth $30,662,000 after buying an additional 9,273 shares in the last quarter. No Street GP LP lifted its position in Apollo Commercial Real Estate Finance by 33.3% during the 3rd quarter. No Street GP LP now owns 3,000,000 shares of the real estate investment trust’s stock worth $30,390,000 after buying an additional 750,000 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Apollo Commercial Real Estate Finance by 6.9% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,085,917 shares of the real estate investment trust’s stock worth $21,130,000 after buying an additional 134,308 shares in the last quarter. Finally, Invesco Ltd. lifted its position in Apollo Commercial Real Estate Finance by 50.4% during the 2nd quarter. Invesco Ltd. now owns 1,291,072 shares of the real estate investment trust’s stock worth $12,498,000 after buying an additional 432,377 shares in the last quarter. 54.43% of the stock is owned by institutional investors.
Apollo Commercial Real Estate Finance Company Profile
Apollo Commercial Real Estate Finance, Inc (NYSE: ARI) is a real estate finance company structured as a real estate investment trust (REIT). The company focuses on originating, acquiring and managing a diversified portfolio of commercial real estate debt and preferred equity investments. As an externally managed vehicle, ARI leverages the expertise and resources of an affiliate of Apollo Global Management, a leading global alternative investment manager.
ARI’s investment strategy is centered on providing first mortgage loans, mezzanine debt financing, bridge loans and preferred equity across a broad range of property types, including office, retail, industrial and multifamily assets.