Apollo Commercial Real Estate Finance (NYSE:ARI) Stock Rating Upgraded by StockNews.com

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

A number of other brokerages have also recently issued reports on ARI. Keefe, Bruyette & Woods dropped 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 report on Tuesday, January 14th. JPMorgan Chase & Co. dropped their target price 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. Finally, UBS Group reduced their price target on shares of Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a “neutral” rating on the stock in a report on Friday, November 15th. 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 currently has an average rating of “Hold” and an average target price of $9.31.

Apollo Commercial Real Estate Finance Stock Up 0.6 %

Shares of NYSE:ARI opened at $9.03 on Tuesday. 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 market cap of $1.25 billion, a P/E ratio of -9.81 and a beta of 1.74. Apollo Commercial Real Estate Finance has a 1-year low of $8.44 and a 1-year high of $11.97. The firm has a fifty day moving average price of $9.03 and a 200 day moving average price of $9.52.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. boosted its stake in shares of Apollo Commercial Real Estate Finance by 8.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 281,902 shares of the real estate investment trust’s stock worth $2,760,000 after acquiring an additional 20,801 shares in the last quarter. Hsbc Holdings PLC raised its holdings in shares of Apollo Commercial Real Estate Finance by 22.0% during the 2nd quarter. Hsbc Holdings PLC now owns 19,225 shares of the real estate investment trust’s stock valued at $186,000 after purchasing an additional 3,463 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new stake in shares of Apollo Commercial Real Estate Finance in the 2nd quarter valued at $59,000. Public Sector Pension Investment Board boosted its holdings in Apollo Commercial Real Estate Finance by 6.6% in the second quarter. Public Sector Pension Investment Board now owns 287,792 shares of the real estate investment trust’s stock worth $2,817,000 after purchasing an additional 17,918 shares in the last quarter. Finally, Evergreen Capital Management LLC increased its position in Apollo Commercial Real Estate Finance by 31.3% during the second quarter. Evergreen Capital Management LLC now owns 26,389 shares of the real estate investment trust’s stock worth $268,000 after buying an additional 6,286 shares during the last quarter. Institutional investors 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.