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

Apollo Commercial Real Estate Finance (NYSE:ARI) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

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

Apollo Commercial Real Estate Finance Stock Up 0.6 %

Shares of ARI stock opened at $9.03 on Tuesday. Apollo Commercial Real Estate Finance has a one year low of $8.44 and a one year high of $11.97. 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 stock has a fifty day moving average price of $9.03 and a 200 day moving average price of $9.52. The stock has a market cap of $1.25 billion, a P/E ratio of -9.81 and a beta of 1.74.

Institutional Trading of Apollo Commercial Real Estate Finance

Several hedge funds and other institutional investors have recently modified their holdings of ARI. AQR Capital Management LLC grew its stake in shares of Apollo Commercial Real Estate Finance by 1.8% in the second quarter. AQR Capital Management LLC now owns 59,621 shares of the real estate investment trust’s stock valued at $584,000 after buying an additional 1,039 shares in the last quarter. PFG Investments LLC increased its position in Apollo Commercial Real Estate Finance by 2.9% during the third quarter. PFG Investments LLC now owns 48,584 shares of the real estate investment trust’s stock worth $446,000 after buying an additional 1,352 shares during the last quarter. Inspire Investing LLC increased its position in Apollo Commercial Real Estate Finance by 3.0% during the fourth quarter. Inspire Investing LLC now owns 46,143 shares of the real estate investment trust’s stock worth $400,000 after buying an additional 1,364 shares during the last quarter. QRG Capital Management Inc. raised its stake in Apollo Commercial Real Estate Finance by 2.2% in the third quarter. QRG Capital Management Inc. now owns 67,502 shares of the real estate investment trust’s stock valued at $620,000 after buying an additional 1,456 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Apollo Commercial Real Estate Finance by 3.0% in the second quarter. The Manufacturers Life Insurance Company now owns 70,256 shares of the real estate investment trust’s stock valued at $688,000 after buying an additional 2,037 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.