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 note issued to investors on Thursday.

ARI has been the subject of a number of other research reports. Keefe, Bruyette & Woods cut their price objective on Apollo Commercial Real Estate Finance from $9.00 to $8.75 and set a “market perform” rating for the company in a research report on Tuesday, January 14th. UBS Group reduced their target price on Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a “neutral” rating for the company in a report on Friday, November 15th. Finally, JPMorgan Chase & Co. dropped 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 note on Thursday, October 17th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $9.31.

Apollo Commercial Real Estate Finance Stock Down 0.4 %

ARI stock opened at $9.11 on Thursday. The firm has a market cap of $1.26 billion, a PE ratio of -9.90 and a beta of 1.74. Apollo Commercial Real Estate Finance has a 12 month low of $8.44 and a 12 month high of $11.64. The company has a debt-to-equity ratio of 0.67, a current ratio of 46.13 and a quick ratio of 46.13. The firm has a 50 day simple moving average of $8.97 and a 200 day simple moving average of $9.40.

Institutional Investors Weigh In On Apollo Commercial Real Estate Finance

A number of institutional investors have recently bought and sold shares of ARI. Smartleaf Asset Management LLC increased its stake in shares of Apollo Commercial Real Estate Finance by 327.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,045 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 2,332 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new position in Apollo Commercial Real Estate Finance in the third quarter valued at about $44,000. KBC Group NV increased its position in Apollo Commercial Real Estate Finance by 57.7% in the 3rd quarter. KBC Group NV now owns 7,002 shares of the real estate investment trust’s stock worth $64,000 after purchasing an additional 2,562 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Apollo Commercial Real Estate Finance during the 4th quarter worth about $93,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of Apollo Commercial Real Estate Finance during the 4th quarter valued at about $112,000. 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 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.