Brokerages Set Apollo Commercial Real Est. Finance Inc (ARI) PT at $18.50

Shares of Apollo Commercial Real Est. Finance Inc (NYSE:ARI) have received an average recommendation of “Hold” from the eight analysts that are currently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $18.50.

A number of research firms have commented on ARI. Zacks Investment Research raised shares of Apollo Commercial Real Est. Finance from a “sell” rating to a “hold” rating in a research report on Tuesday, March 5th. Deutsche Bank cut shares of Apollo Commercial Real Est. Finance from a “buy” rating to a “hold” rating in a research report on Thursday, February 14th. JPMorgan Chase & Co. raised shares of Apollo Commercial Real Est. Finance from a “neutral” rating to an “overweight” rating and reduced their price objective for the stock from $18.50 to $18.00 in a research report on Wednesday, January 16th. Finally, Barclays lifted their price objective on shares of Apollo Commercial Real Est. Finance from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Friday, November 30th.

ARI traded up $0.02 during trading on Thursday, reaching $18.41. 813,204 shares of the stock were exchanged, compared to its average volume of 975,920. The company has a market cap of $2.47 billion, a price-to-earnings ratio of 11.02 and a beta of 0.64. Apollo Commercial Real Est. Finance has a twelve month low of $16.41 and a twelve month high of $19.57. The company has a current ratio of 38.08, a quick ratio of 38.08 and a debt-to-equity ratio of 0.24.

Apollo Commercial Real Est. Finance (NYSE:ARI) last issued its earnings results on Wednesday, February 13th. The real estate investment trust reported $0.46 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.46. The business had revenue of $77.81 million for the quarter, compared to the consensus estimate of $80.88 million. Apollo Commercial Real Est. Finance had a net margin of 76.04% and a return on equity of 9.78%. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.12 earnings per share. As a group, research analysts forecast that Apollo Commercial Real Est. Finance will post 1.78 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $1.84 dividend on an annualized basis and a yield of 9.99%. Apollo Commercial Real Est. Finance’s dividend payout ratio (DPR) is 110.18%.

In other Apollo Commercial Real Est. Finance news, CEO Stuart Rothstein sold 40,000 shares of Apollo Commercial Real Est. Finance stock in a transaction on Tuesday, January 15th. The shares were sold at an average price of $17.48, for a total transaction of $699,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.65% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in ARI. Quantamental Technologies LLC bought a new stake in shares of Apollo Commercial Real Est. Finance in the fourth quarter valued at about $30,000. Resources Investment Advisors Inc. boosted its position in shares of Apollo Commercial Real Est. Finance by 66.0% in the fourth quarter. Resources Investment Advisors Inc. now owns 2,000 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 795 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of Apollo Commercial Real Est. Finance in the fourth quarter valued at about $35,000. Enlightenment Research LLC bought a new stake in shares of Apollo Commercial Real Est. Finance in the fourth quarter valued at about $42,000. Finally, Baillie Gifford & Co. bought a new stake in shares of Apollo Commercial Real Est. Finance in the third quarter valued at about $138,000. 67.87% of the stock is owned by hedge funds and other institutional investors.

Apollo Commercial Real Est. Finance Company Profile

Apollo Commercial Real Estate Finance, Inc operates as a real estate investment trust (REIT) that primarily originates, acquires, invests in, and manages commercial first mortgage loans, subordinate financings, and other commercial real estate-related debt investments in the United States. The company is qualified as a REIT under the Internal Revenue Code.

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

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