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

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

Several other analysts also recently issued reports on the company. UBS Group decreased their price target on Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a “neutral” rating for the company in a research note on Friday, November 15th. JPMorgan Chase & Co. decreased their target price on Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating for the company in a research report on Thursday, October 17th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Apollo Commercial Real Estate Finance from $9.00 to $8.75 and set a “market perform” rating on the stock in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $9.31.

Apollo Commercial Real Estate Finance Trading Down 1.5 %

Shares of NYSE ARI opened at $8.91 on Tuesday. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of -9.68 and a beta of 1.74. Apollo Commercial Real Estate Finance has a 52 week low of $8.44 and a 52 week high of $11.97. The business has a 50 day simple moving average of $9.02 and a 200 day simple moving average of $9.51. The company has a debt-to-equity ratio of 0.67, a quick ratio of 46.13 and a current ratio of 46.13.

Institutional Trading of Apollo Commercial Real Estate Finance

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. AM Investment Strategies LLC raised its position in shares of Apollo Commercial Real Estate Finance by 2.8% during the fourth quarter. AM Investment Strategies LLC now owns 111,498 shares of the real estate investment trust’s stock valued at $966,000 after buying an additional 3,081 shares during the last quarter. Inspire Investing LLC raised its holdings in Apollo Commercial Real Estate Finance by 3.0% in the 4th quarter. Inspire Investing LLC now owns 46,143 shares of the real estate investment trust’s stock valued at $400,000 after acquiring an additional 1,364 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Apollo Commercial Real Estate Finance in the 4th quarter worth approximately $93,000. Diversify Wealth Management LLC acquired a new stake in shares of Apollo Commercial Real Estate Finance during the 4th quarter worth approximately $129,000. Finally, Merit Financial Group LLC increased its position in shares of Apollo Commercial Real Estate Finance by 10.0% during the fourth quarter. Merit Financial Group LLC now owns 114,639 shares of the real estate investment trust’s stock valued at $993,000 after purchasing an additional 10,447 shares during the period. 54.43% of the stock is currently owned by institutional investors and hedge funds.

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.