Apollo Commercial Real Estate Finance (NYSE:ARI) Hits New 52-Week Low – Time to Sell?

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $8.52 and last traded at $8.54, with a volume of 77830 shares changing hands. The stock had previously closed at $8.78.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ARI shares. StockNews.com upgraded shares of Apollo Commercial Real Estate Finance from a “sell” rating to a “hold” rating in a research report on Tuesday, December 31st. UBS Group reduced their target price on shares of Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a “neutral” rating on the stock in a research report on Friday, November 15th. Finally, JPMorgan Chase & Co. reduced their price target on Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating for the company in a report on Thursday, October 17th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat.com, Apollo Commercial Real Estate Finance currently has a consensus rating of “Hold” and an average target price of $9.63.

Apollo Commercial Real Estate Finance Trading Down 3.1 %

The firm’s 50-day simple moving average is $9.06 and its 200 day simple moving average is $9.57. The stock has a market capitalization of $1.18 billion, a P/E ratio of -9.25 and a beta of 1.74. The company has a quick ratio of 46.13, a current ratio of 46.13 and a debt-to-equity ratio of 0.67.

Apollo Commercial Real Estate Finance Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 11.75%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is -108.70%.

Hedge Funds Weigh In On Apollo Commercial Real Estate Finance

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC lifted its position in Apollo Commercial Real Estate Finance by 8.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 60,500 shares of the real estate investment trust’s stock worth $592,000 after buying an additional 4,714 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Apollo Commercial Real Estate Finance by 36.1% during the 2nd quarter. Victory Capital Management Inc. now owns 225,123 shares of the real estate investment trust’s stock worth $2,204,000 after buying an additional 59,764 shares during the period. Quest Partners LLC boosted its position in shares of Apollo Commercial Real Estate Finance by 7,689.4% during the second quarter. Quest Partners LLC now owns 9,581 shares of the real estate investment trust’s stock worth $94,000 after buying an additional 9,458 shares during the period. PFG Investments LLC lifted its position in shares of Apollo Commercial Real Estate Finance by 3.4% in the second quarter. PFG Investments LLC now owns 47,232 shares of the real estate investment trust’s stock worth $462,000 after purchasing an additional 1,550 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of Apollo Commercial Real Estate Finance by 8.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 281,902 shares of the real estate investment trust’s stock worth $2,760,000 after purchasing an additional 20,801 shares in the last quarter. Institutional investors and hedge funds 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.