Apollo Commercial Real Estate Finance (NYSE:ARI) Coverage Initiated by Analysts at BTIG Research

BTIG Research assumed coverage on shares of Apollo Commercial Real Estate Finance (NYSE:ARI) in a report released on Friday morning, Marketbeat reports. The brokerage issued a neutral rating on the real estate investment trust’s stock.

Several other brokerages have also recently issued reports on ARI. Keefe, Bruyette & Woods cut their target price on Apollo Commercial Real Estate Finance from $11.00 to $10.00 and set a market perform rating on the stock in a research report on Wednesday, May 1st. JPMorgan Chase & Co. lifted their target price on Apollo Commercial Real Estate Finance from $9.50 to $10.00 and gave the company a neutral rating in a research report on Tuesday, July 16th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat.com, Apollo Commercial Real Estate Finance presently has an average rating of Hold and an average target price of $10.25.

Apollo Commercial Real Estate Finance Trading Down 0.3 %

Shares of Apollo Commercial Real Estate Finance stock opened at $10.88 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 52.35 and a current ratio of 52.35. Apollo Commercial Real Estate Finance has a 52 week low of $9.14 and a 52 week high of $12.74. The stock has a 50 day moving average price of $10.14 and a two-hundred day moving average price of $10.69. The stock has a market capitalization of $1.55 billion, a PE ratio of -13.95, a price-to-earnings-growth ratio of 1.65 and a beta of 1.76.

Apollo Commercial Real Estate Finance Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 12.87%. The ex-dividend date was Friday, June 28th. Apollo Commercial Real Estate Finance’s payout ratio is presently -179.49%.

Insider Activity

In other Apollo Commercial Real Estate Finance news, Director Mark C. Biderman sold 15,000 shares of Apollo Commercial Real Estate Finance stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $10.00, for a total transaction of $150,000.00. Following the completion of the transaction, the director now owns 60,625 shares in the company, valued at $606,250. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.68% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Triad Wealth Partners LLC purchased a new position in Apollo Commercial Real Estate Finance during the second quarter valued at $43,000. Future Financial Wealth Managment LLC purchased a new position in Apollo Commercial Real Estate Finance during the first quarter valued at $56,000. Naples Money Management LLC purchased a new position in Apollo Commercial Real Estate Finance during the fourth quarter valued at $64,000. Hollencrest Capital Management raised its stake in Apollo Commercial Real Estate Finance by 100.0% during the first quarter. Hollencrest Capital Management now owns 10,000 shares of the real estate investment trust’s stock valued at $111,000 after buying an additional 5,000 shares during the last quarter. Finally, HighPoint Advisor Group LLC purchased a new position in Apollo Commercial Real Estate Finance during the fourth quarter valued at $132,000. Hedge funds and other institutional investors own 54.43% of the company’s stock.

About Apollo Commercial Real Estate Finance

Apollo Commercial Real Estate Finance, Inc operates as a real estate investment trust (REIT) that 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 United Kingdom, and Europe.