Apollo Commercial Real Estate Finance (NYSE:ARI) Upgraded at StockNews.com

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

Several other equities research analysts have also commented on the company. JPMorgan Chase & Co. dropped 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. UBS Group dropped their target price 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. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $9.63.

Apollo Commercial Real Estate Finance Trading Down 1.1 %

Shares of ARI stock traded down $0.10 on Tuesday, reaching $8.66. 1,085,084 shares of the stock were exchanged, compared to its average volume of 997,396. The company has a quick ratio of 46.13, a current ratio of 46.13 and a debt-to-equity ratio of 0.67. The stock has a market cap of $1.20 billion, a P/E ratio of -9.41 and a beta of 1.75. The firm has a 50 day moving average of $9.06 and a two-hundred day moving average of $9.63. Apollo Commercial Real Estate Finance has a 1-year low of $8.52 and a 1-year high of $12.00.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its position in shares of Apollo Commercial Real Estate Finance by 1.9% in 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 acquiring an additional 19,611 shares in the last quarter. Luxor Capital Group LP acquired a new position in Apollo Commercial Real Estate Finance in the second quarter worth $7,342,000. Hotchkis & Wiley Capital Management LLC increased its stake in Apollo Commercial Real Estate Finance by 1.1% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 578,210 shares of the real estate investment trust’s stock valued at $5,314,000 after purchasing an additional 6,200 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Apollo Commercial Real Estate Finance by 72.0% during the third quarter. Advisors Asset Management Inc. now owns 468,335 shares of the real estate investment trust’s stock worth $4,304,000 after purchasing an additional 196,122 shares during the period. Finally, Cetera Investment Advisers raised its holdings in shares of Apollo Commercial Real Estate Finance by 5.8% during the second quarter. Cetera Investment Advisers now owns 330,228 shares of the real estate investment trust’s stock worth $3,233,000 after purchasing an additional 18,150 shares during the period. 54.43% of the stock is currently owned by institutional investors.

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.