UBS Group Forecasts Strong Price Appreciation for Apollo Commercial Real Estate Finance (NYSE:ARI) Stock

Apollo Commercial Real Estate Finance (NYSE:ARI) had its price objective hoisted by equities researchers at UBS Group from $9.00 to $10.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. UBS Group’s price target suggests a potential downside of 0.60% from the stock’s current price.

Several other equities analysts have also recently issued reports on the company. StockNews.com raised Apollo Commercial Real Estate Finance from a “sell” rating to a “hold” rating in a report on Saturday, February 15th. Keefe, Bruyette & Woods decreased their target price on Apollo Commercial Real Estate Finance from $9.00 to $8.75 and set a “market perform” rating for the company in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $9.44.

Apollo Commercial Real Estate Finance Price Performance

Shares of NYSE ARI opened at $10.06 on Tuesday. The stock’s 50-day simple moving average is $9.15 and its 200-day simple moving average is $9.32. The firm has a market capitalization of $1.40 billion, a PE ratio of -10.59 and a beta of 1.74. The company has a debt-to-equity ratio of 0.67, a quick ratio of 51.19 and a current ratio of 51.19. Apollo Commercial Real Estate Finance has a fifty-two week low of $8.44 and a fifty-two week high of $11.64.

Apollo Commercial Real Estate Finance (NYSE:ARI) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.07. Apollo Commercial Real Estate Finance had a positive return on equity of 9.37% and a negative net margin of 39.40%. As a group, equities research analysts forecast that Apollo Commercial Real Estate Finance will post 0.63 EPS for the current fiscal year.

Institutional Trading of Apollo Commercial Real Estate Finance

Hedge funds and other institutional investors have recently modified their holdings of the company. Smartleaf Asset Management LLC increased its stake in shares of Apollo Commercial Real Estate Finance by 327.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,045 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 2,332 shares during the period. Sterling Capital Management LLC boosted its holdings in shares of Apollo Commercial Real Estate Finance by 783.8% in the 4th quarter. Sterling Capital Management LLC now owns 4,366 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 3,872 shares in the last quarter. CF Capital LLC acquired a new position in shares of Apollo Commercial Real Estate Finance in the 4th quarter worth approximately $52,000. KBC Group NV boosted its holdings in shares of Apollo Commercial Real Estate Finance by 57.7% in the 3rd quarter. KBC Group NV now owns 7,002 shares of the real estate investment trust’s stock worth $64,000 after acquiring an additional 2,562 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new position in shares of Apollo Commercial Real Estate Finance in the 4th quarter worth approximately $67,000. 54.43% of the stock is currently owned by hedge funds and other 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.