StockNews.com Upgrades Apollo Commercial Real Estate Finance (NYSE:ARI) to Hold

Apollo Commercial Real Estate Finance (NYSE:ARI) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Tuesday.

Several other brokerages have also recently weighed in on ARI. UBS Group reduced their price objective 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 note on Friday, November 15th. JPMorgan Chase & Co. reduced their price target on Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating on the stock in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat, Apollo Commercial Real Estate Finance has a consensus rating of “Hold” and an average target price of $9.63.

Apollo Commercial Real Estate Finance Stock Performance

NYSE:ARI opened at $8.66 on Tuesday. The stock’s 50-day moving average is $9.06 and its 200-day moving average is $9.62. Apollo Commercial Real Estate Finance has a 1-year low of $8.52 and a 1-year high of $12.00. The company has a current ratio of 46.13, a quick ratio of 46.13 and a debt-to-equity ratio of 0.67. The stock has a market cap of $1.20 billion, a P/E ratio of -9.41 and a beta of 1.75.

Institutional Trading of Apollo Commercial Real Estate Finance

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC raised its holdings in Apollo Commercial Real Estate Finance by 139.4% during the third quarter. Jane Street Group LLC now owns 302,388 shares of the real estate investment trust’s stock worth $2,779,000 after buying an additional 176,101 shares during the last quarter. Barclays PLC increased its position in shares of Apollo Commercial Real Estate Finance by 65.9% during the third quarter. Barclays PLC now owns 329,462 shares of the real estate investment trust’s stock worth $3,028,000 after acquiring an additional 130,892 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Apollo Commercial Real Estate Finance by 72.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 468,335 shares of the real estate investment trust’s stock worth $4,304,000 after acquiring an additional 196,122 shares during the last quarter. Victory Capital Management Inc. lifted its position in Apollo Commercial Real Estate Finance by 36.1% in the 2nd quarter. Victory Capital Management Inc. now owns 225,123 shares of the real estate investment trust’s stock valued at $2,204,000 after acquiring an additional 59,764 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in 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 valued at $2,760,000 after purchasing an additional 20,801 shares during the last quarter. 54.43% of the stock is owned by institutional investors.

Apollo Commercial Real Estate Finance Company Profile

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.