Apollo Commercial Real Estate Finance (NYSE:ARI) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Apollo Commercial Real Estate Finance (NYSE:ARI) from a hold rating to a buy rating in a report published on Tuesday morning, Zacks.com reports. Zacks Investment Research currently has $17.00 target price on the real estate investment trust’s stock.

According to Zacks, “Apollo Commercial Real Estate Finance, Inc. is focused on investing in, acquiring and managing senior performing commercial real estate mortgage loans, commercial mortgage-backed securities, commercial real estate corporate debt and loans, and other real estate debt investments. The Company is a commercial real estate finance company that is managed and advised by ACREFI Management, LLC, a indirect subsidiary of Apollo Global Management, LLC. “

Shares of ARI stock opened at $15.26 on Tuesday. The business’s 50-day moving average price is $15.26 and its 200-day moving average price is $15.25. Apollo Commercial Real Estate Finance has a 12 month low of $8.32 and a 12 month high of $16.94. The firm has a market capitalization of $2.13 billion, a price-to-earnings ratio of 11.47 and a beta of 1.30. The company has a current ratio of 81.46, a quick ratio of 81.46 and a debt-to-equity ratio of 2.40.

Apollo Commercial Real Estate Finance (NYSE:ARI) last announced its quarterly earnings results on Sunday, July 25th. The real estate investment trust reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.08). Apollo Commercial Real Estate Finance had a net margin of 75.66% and a return on equity of 9.32%. On average, sell-side analysts predict that Apollo Commercial Real Estate Finance will post 1.44 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 15th. Stockholders of record on Thursday, September 30th will be given a dividend of $0.35 per share. The ex-dividend date is Wednesday, September 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 9.17%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is 100.00%.

Several institutional investors and hedge funds have recently modified their holdings of ARI. NFJ Investment Group LLC bought a new position in shares of Apollo Commercial Real Estate Finance during the first quarter worth about $10,391,000. Vanguard Group Inc. increased its holdings in Apollo Commercial Real Estate Finance by 3.7% in the second quarter. Vanguard Group Inc. now owns 14,496,162 shares of the real estate investment trust’s stock worth $231,213,000 after purchasing an additional 512,404 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Apollo Commercial Real Estate Finance by 220.2% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 495,053 shares of the real estate investment trust’s stock worth $7,896,000 after purchasing an additional 340,436 shares in the last quarter. Citigroup Inc. increased its holdings in Apollo Commercial Real Estate Finance by 517.0% in the second quarter. Citigroup Inc. now owns 290,398 shares of the real estate investment trust’s stock worth $4,631,000 after purchasing an additional 243,332 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in Apollo Commercial Real Estate Finance by 30.8% in the first quarter. Advisors Asset Management Inc. now owns 898,356 shares of the real estate investment trust’s stock worth $12,550,000 after purchasing an additional 211,299 shares in the last quarter. Institutional investors own 58.98% of the company’s stock.

Apollo Commercial Real Estate Finance Company Profile

Apollo Commercial Real Estate Finance, Inc is a real estate investment trust, which originates, acquires, invests in, and manages performing commercial real estate mortgage loans, subordinate financings, and other commercial real estate-related debt investments. It offers loan programs that include senior loans, subordinate debt, bridge loans, and preferred equity.

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