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

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 to clients and investors on Tuesday.

Several other equities analysts also recently commented on ARI. Keefe, Bruyette & Woods cut 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. JPMorgan Chase & Co. cut their price objective on 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 lowered their target price 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 analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $9.31.

Apollo Commercial Real Estate Finance Stock Down 1.5 %

Shares of ARI opened at $8.91 on Tuesday. 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 company has a 50-day moving average price of $9.02 and a two-hundred day moving average price of $9.51. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of -9.68 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 $11.97.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ARI. AQR Capital Management LLC raised its position 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 worth $584,000 after acquiring an additional 1,039 shares during the last quarter. PFG Investments LLC increased its position in Apollo Commercial Real Estate Finance by 2.9% in the third quarter. PFG Investments LLC now owns 48,584 shares of the real estate investment trust’s stock worth $446,000 after purchasing an additional 1,352 shares during the period. Inspire Investing LLC raised its holdings in 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 purchasing an additional 1,364 shares during the last quarter. QRG Capital Management Inc. lifted its position in Apollo Commercial Real Estate Finance by 2.2% during the 3rd quarter. QRG Capital Management Inc. now owns 67,502 shares of the real estate investment trust’s stock valued at $620,000 after purchasing an additional 1,456 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Apollo Commercial Real Estate Finance by 3.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 70,256 shares of the real estate investment trust’s stock valued at $688,000 after purchasing an additional 2,037 shares during the last quarter. Institutional investors and hedge funds own 54.43% of the company’s stock.

About Apollo Commercial Real Estate Finance

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.