Apollo Commercial Real Estate Finance (NYSE:ARI) Cut to Sell at StockNews.com

Apollo Commercial Real Estate Finance (NYSE:ARI) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.

A number of other equities analysts also recently issued reports on ARI. BTIG Research began coverage on shares of Apollo Commercial Real Estate Finance in a research note on Friday, July 19th. They set a “neutral” rating on the stock. JPMorgan Chase & Co. dropped their target price 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. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $9.88.

Apollo Commercial Real Estate Finance Stock Down 0.9 %

Shares of NYSE ARI opened at $8.90 on Monday. Apollo Commercial Real Estate Finance has a 1 year low of $8.52 and a 1 year high of $12.74. The firm has a 50-day simple moving average of $9.36 and a two-hundred day simple moving average of $9.93. The company has a market cap of $1.23 billion, a P/E ratio of -9.67, a PEG ratio of 1.45 and a beta of 1.75. The company has a debt-to-equity ratio of 0.67, a current ratio of 46.13 and a quick ratio of 46.13.

Insider Activity

In related news, Director Scott Prince sold 4,935 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $10.12, for a total value of $49,942.20. Following the completion of the transaction, the director now owns 81,154 shares of the company’s stock, valued at approximately $821,278.48. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.68% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Luxor Capital Group LP acquired a new stake in Apollo Commercial Real Estate Finance during the 2nd quarter worth $7,342,000. Van ECK Associates Corp lifted its stake in shares of Apollo Commercial Real Estate Finance by 32.1% in the second quarter. Van ECK Associates Corp now owns 1,034,316 shares of the real estate investment trust’s stock worth $10,126,000 after buying an additional 251,280 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Apollo Commercial Real Estate Finance by 11.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 789,761 shares of the real estate investment trust’s stock worth $8,798,000 after acquiring an additional 78,833 shares during the last quarter. Cetera Advisors LLC grew its stake in Apollo Commercial Real Estate Finance by 400.4% during the 1st quarter. Cetera Advisors LLC now owns 83,443 shares of the real estate investment trust’s stock valued at $930,000 after acquiring an additional 66,768 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings 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 during the last quarter. Institutional investors and hedge funds own 54.43% of the company’s stock.

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.