Apollo Commercial Real Estate Finance's (ARI) Neutral Rating Reiterated at UBS Group

Apollo Commercial Real Estate Finance (NYSE:ARI - Get Free Report)'s stock had its "neutral" rating reissued by analysts at UBS Group in a note issued to investors on Wednesday, MarketBeat reports. They presently have a $10.00 price target on the real estate investment trust's stock, up from their previous price target of $9.00. UBS Group's price objective points to a potential upside of 3.79% from the stock's current price.

ARI has been the topic of several other research reports. BTIG Research upgraded shares of Apollo Commercial Real Estate Finance from a "neutral" rating to a "buy" rating and set a $11.00 price target on the stock in a research report on Wednesday, April 23rd. Keefe, Bruyette & Woods upped their target price on shares of Apollo Commercial Real Estate Finance from $10.00 to $10.50 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. JPMorgan Chase & Co. upped their target price on shares of Apollo Commercial Real Estate Finance from $8.00 to $9.00 and gave the company a "neutral" rating in a research report on Monday, April 28th. Wall Street Zen downgraded shares of Apollo Commercial Real Estate Finance from a "buy" rating to a "hold" rating in a research report on Wednesday, April 23rd. Finally, JMP Securities restated a "market perform" rating on shares of Apollo Commercial Real Estate Finance in a research report on Tuesday, April 29th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $10.13.

Apollo Commercial Real Estate Finance Price Performance

NYSE ARI traded up $0.04 on Wednesday, hitting $9.64. 742,300 shares of the company were exchanged, compared to its average volume of 1,113,990. The firm has a 50 day moving average of $9.22 and a two-hundred day moving average of $9.27. The company has a market cap of $1.34 billion, a P/E ratio of -10.14 and a beta of 1.49. The company has a current ratio of 51.19, a quick ratio of 51.19 and a debt-to-equity ratio of 0.67. Apollo Commercial Real Estate Finance has a 1-year low of $7.70 and a 1-year high of $11.20.

Insider Transactions at Apollo Commercial Real Estate Finance

In related news, CEO Stuart Rothstein sold 52,074 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $9.99, for a total value of $520,219.26. Following the completion of the sale, the chief executive officer now directly owns 385,928 shares of the company's stock, valued at approximately $3,855,420.72. This represents a 11.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mark C. Biderman sold 10,000 shares of the stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $9.48, for a total value of $94,800.00. Following the completion of the sale, the director now directly owns 60,787 shares of the company's stock, valued at $576,260.76. The trade was a 14.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 73,074 shares of company stock valued at $724,579 over the last ninety days. 0.68% of the stock is owned by company insiders.

Institutional Investors Weigh In On Apollo Commercial Real Estate Finance

Institutional investors and hedge funds have recently bought and sold shares of the stock. Barclays PLC increased its position in shares of Apollo Commercial Real Estate Finance by 65.9% during the 3rd quarter. Barclays PLC now owns 329,462 shares of the real estate investment trust's stock valued at $3,028,000 after purchasing an additional 130,892 shares during the last quarter. Merit Financial Group LLC increased its position in shares of Apollo Commercial Real Estate Finance by 10.0% during the 4th quarter. Merit Financial Group LLC now owns 114,639 shares of the real estate investment trust's stock valued at $993,000 after purchasing an additional 10,447 shares during the last quarter. Diversify Wealth Management LLC purchased a new stake in shares of Apollo Commercial Real Estate Finance during the 4th quarter valued at $129,000. SG Americas Securities LLC purchased a new stake in shares of Apollo Commercial Real Estate Finance during the 4th quarter valued at $93,000. Finally, Inspire Investing LLC increased 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 valued at $400,000 after purchasing an additional 1,364 shares during the last quarter. 54.43% of the stock is 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.