Apollo Commercial’s buy rating restated by RBC

Apollo Commercial’s buy rating restated by RBC

Apollo Commercial’s buy rating restated by RBC Last week, the Royal Bank of Canada restated its buy rating on the stock of Apollo Commercial Real Est. Finance Inc. (NYSE:ARI) to a $19.00 target price per share.

In a March 27 Chaffey Breeze news release, other industry observers have also recently issued their own reports about Apollo Commercial’s stock.

“Apollo Commercial Real Est. Finance presently has an average rating of Hold and an average price target of $18.25,” the release stated. “Zacks Investment Research raised shares of Apollo Commercial Real Est. Finance from a sell rating to a hold rating in a research note on Tuesday, January 31st… Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company.”

The business has also scheduled the payout of its quarterly dividend on April 17.

“Investors of record on Friday, March 31st will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 9.78%. The ex-dividend date of this dividend is Wednesday, March 29th. Apollo Commercial Real Est. Finance’s dividend payout ratio (DPR) is currently 132.38%.”

As of March 22, Apollo Commercial was trading up 1.24 per cent, reaching $18.81.

“1,214,686 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $18.03 and its 200 day moving average price is $17.17. Apollo Commercial Real Est. Finance has a 12 month low of $15.43 and a 12 month high of $18.84. The company has a market cap of $1.72 billion, a PE ratio of 10.85 and a beta of 0.63.”