Apollo Commercial Real Estate Finance (NYSE:ARI) Raised to “Hold” at StockNews.com

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 Tuesday.

ARI has been the subject of a number of other research reports. UBS Group cut their price objective on shares of 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. JPMorgan Chase & Co. cut their price target on Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating for the company 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.com, the stock has an average rating of “Hold” and an average price target of $9.63.

Apollo Commercial Real Estate Finance Trading Down 1.1 %

Shares of Apollo Commercial Real Estate Finance stock opened at $8.66 on Tuesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 46.13 and a current ratio of 46.13. The firm has a 50-day moving average of $9.06 and a 200-day moving average of $9.62. Apollo Commercial Real Estate Finance has a 52-week low of $8.52 and a 52-week high of $12.00. The stock has a market cap of $1.20 billion, a PE ratio of -9.41 and a beta of 1.75.

Institutional Investors Weigh In On Apollo Commercial Real Estate Finance

A number of large investors have recently modified their holdings of the business. Bank of New York Mellon Corp lifted its position in shares of Apollo Commercial Real Estate Finance by 1.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,074,796 shares of the real estate investment trust’s stock worth $10,522,000 after buying an additional 19,611 shares during the last quarter. Luxor Capital Group LP acquired a new position in Apollo Commercial Real Estate Finance during the second quarter worth about $7,342,000. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Apollo Commercial Real Estate Finance by 1.1% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 578,210 shares of the real estate investment trust’s stock worth $5,314,000 after acquiring an additional 6,200 shares during the last quarter. Advisors Asset Management Inc. boosted its stake 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 valued at $4,304,000 after purchasing an additional 196,122 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of Apollo Commercial Real Estate Finance by 5.8% during the 2nd quarter. Cetera Investment Advisers now owns 330,228 shares of the real estate investment trust’s stock valued at $3,233,000 after purchasing an additional 18,150 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.