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

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

Other equities analysts have also recently issued research reports about the stock. UBS Group decreased their price target on shares of Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a “neutral” rating for the company in a research report 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 report on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat, Apollo Commercial Real Estate Finance currently has an average rating of “Hold” and an average target price of $9.31.

Apollo Commercial Real Estate Finance Trading Up 2.8 %

NYSE ARI opened at $8.85 on Monday. 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 market cap of $1.22 billion, a price-to-earnings ratio of -9.62 and a beta of 1.74. The firm has a 50 day simple moving average of $9.04 and a 200-day simple moving average of $9.54. Apollo Commercial Real Estate Finance has a one year low of $8.44 and a one year high of $11.97.

Hedge Funds Weigh In On Apollo Commercial Real Estate Finance

A number of institutional investors and hedge funds have recently modified their holdings of ARI. Future Financial Wealth Managment LLC purchased a new stake in Apollo Commercial Real Estate Finance during the 3rd quarter worth about $44,000. EverSource Wealth Advisors LLC purchased a new stake in Apollo Commercial Real Estate Finance during the second quarter worth approximately $59,000. KBC Group NV lifted its stake in Apollo Commercial Real Estate Finance by 57.7% during the third 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. Quest Partners LLC boosted its holdings in Apollo Commercial Real Estate Finance by 7,689.4% in the second quarter. Quest Partners LLC now owns 9,581 shares of the real estate investment trust’s stock valued at $94,000 after purchasing an additional 9,458 shares in the last quarter. Finally, Algert Global LLC purchased a new position in Apollo Commercial Real Estate Finance in the second quarter valued at approximately $133,000. Institutional investors and hedge funds own 54.43% of the company’s stock.

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.