Apollo Commercial Real Estate Finance (NYSE:ARI) Reaches New 1-Year Low – Here’s What Happened

Shares of Apollo Commercial Real Estate Finance (NYSE:ARI) reached a new 52-week low during trading on Tuesday. The stock traded as low as $6.11 and last traded at $6.2350, with a volume of 4119037 shares changing hands. The stock had previously closed at $6.20.

Analyst Ratings Changes

Several brokerages recently issued reports on ARI. Weiss Ratings downgraded Apollo Commercial Real Estate Finance from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, August 31st. Wall Street Zen upgraded Apollo Commercial Real Estate Finance from a “sell” rating to a “hold” rating in a report on Monday. Zacks Research upgraded Apollo Commercial Real Estate Finance from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 15th. Finally, BTIG Research downgraded Apollo Commercial Real Estate Finance from a “buy” rating to a “neutral” rating in a research report on Thursday, June 25th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $11.33.

Apollo Commercial Real Estate Finance Stock Performance

The company has a market capitalization of $801.45 million, a PE ratio of 7.79 and a beta of 1.40. The stock’s fifty day simple moving average is $6.64 and its 200-day simple moving average is $9.04.

Apollo Commercial Real Estate Finance (NYSE:ARI) last issued its quarterly earnings results on Tuesday, August 11th. The real estate investment trust reported ($2.62) EPS for the quarter. The firm had revenue of $44.38 million for the quarter. Apollo Commercial Real Estate Finance had a return on equity of 7.39% and a net margin of 55.49%. On average, equities analysts anticipate that Apollo Commercial Real Estate Finance will post -0.18 EPS for the current year.

Apollo Commercial Real Estate Finance Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $3.75 per share. This represents a $15.00 dividend on an annualized basis and a yield of 240.6%. This is a positive change from Apollo Commercial Real Estate Finance’s previous quarterly dividend of $0.25. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is 125.00%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. QRG Capital Management Inc. lifted its stake in shares of Apollo Commercial Real Estate Finance by 16.4% during the 2nd quarter. QRG Capital Management Inc. now owns 74,543 shares of the real estate investment trust’s stock worth $796,000 after purchasing an additional 10,517 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in shares of Apollo Commercial Real Estate Finance in the second quarter valued at $36,000. Squarepoint Ops LLC purchased a new stake in shares of Apollo Commercial Real Estate Finance in the second quarter valued at $5,880,000. Waverly Advisors LLC acquired a new position in Apollo Commercial Real Estate Finance in the second quarter valued at $213,000. Finally, Corient Private Wealth LP acquired a new position in Apollo Commercial Real Estate Finance in the second quarter valued at $193,000. 54.43% of the stock is currently owned by institutional investors and hedge funds.

About Apollo Commercial Real Estate Finance

Apollo Commercial Real Estate Finance, Inc (NYSE:ARI) is a real estate investment trust (REIT) that originates, acquires, invests in and manages commercial real estate debt. The company primarily focuses on loans secured by institutional-quality properties and seeks to generate income from a diversified portfolio of commercial real estate investments.

Its investments may include senior mortgage loans, mezzanine loans, subordinated debt and other commercial real estate-related financing arrangements.