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

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

A number of other research analysts also recently commented on ARI. Keefe, Bruyette & Woods reduced their price target on 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. reduced 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 research note on Thursday, October 17th. Finally, 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. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat, Apollo Commercial Real Estate Finance currently has a consensus rating of “Hold” and a consensus price target of $9.31.

Apollo Commercial Real Estate Finance Stock Performance

Shares of ARI stock opened at $9.11 on Thursday. 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 company’s fifty day moving average price is $8.97 and its two-hundred day moving average price is $9.40. The firm has a market capitalization of $1.26 billion, a P/E ratio of -9.90 and a beta of 1.74. Apollo Commercial Real Estate Finance has a 12 month low of $8.44 and a 12 month high of $11.64.

Hedge Funds Weigh In On Apollo Commercial Real Estate Finance

Large investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its holdings in shares of Apollo Commercial Real Estate Finance by 1.8% during 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 purchasing an additional 1,039 shares during the last quarter. PFG Investments LLC grew its holdings in Apollo Commercial Real Estate Finance by 2.9% in the 3rd 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 in the last quarter. Inspire Investing LLC raised its position in shares of Apollo Commercial Real Estate Finance by 3.0% during the 4th 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 in the last quarter. QRG Capital Management Inc. lifted its stake in shares of Apollo Commercial Real Estate Finance by 2.2% in the 3rd quarter. QRG Capital Management Inc. now owns 67,502 shares of the real estate investment trust’s stock worth $620,000 after acquiring an additional 1,456 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings 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 acquiring an additional 2,037 shares in the last quarter. 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.