Apollo Commercial Real Estate Finance (NYSE:ARI) Given New $10.75 Price Target at Keefe, Bruyette & Woods

Apollo Commercial Real Estate Finance (NYSE:ARI - Get Free Report) had its price objective boosted by research analysts at Keefe, Bruyette & Woods from $10.50 to $10.75 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an "outperform" rating on the real estate investment trust's stock. Keefe, Bruyette & Woods' price target would indicate a potential upside of 8.04% from the company's current price.

Other research analysts have also recently issued reports about the stock. Wall Street Zen cut shares of Apollo Commercial Real Estate Finance from a "buy" rating to a "hold" rating in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Apollo Commercial Real Estate Finance from $8.00 to $9.00 and gave the stock a "neutral" rating in a research note on Monday, April 28th. JMP Securities restated a "market perform" rating on shares of Apollo Commercial Real Estate Finance in a report on Tuesday, April 29th. BTIG Research upgraded shares of Apollo Commercial Real Estate Finance from a "neutral" rating to a "buy" rating and set a $11.00 price objective on the stock in a report on Wednesday, April 23rd. Finally, UBS Group restated a "neutral" rating and issued a $10.00 target price (up previously from $9.00) on shares of Apollo Commercial Real Estate Finance in a report on Wednesday, May 21st. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $10.19.

Apollo Commercial Real Estate Finance Stock Performance

NYSE:ARI traded down $0.11 during mid-day trading on Thursday, hitting $9.95. The stock had a trading volume of 794,546 shares, compared to its average volume of 1,172,559. The company's 50 day simple moving average is $9.79 and its 200 day simple moving average is $9.43. The company has a debt-to-equity ratio of 0.67, a quick ratio of 74.89 and a current ratio of 74.89. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of -331.67, a PEG ratio of 0.27 and a beta of 1.46. Apollo Commercial Real Estate Finance has a twelve month low of $7.70 and a twelve month high of $11.20.

Insider Activity at Apollo Commercial Real Estate Finance

In other Apollo Commercial Real Estate Finance news, CEO Stuart Rothstein sold 52,074 shares of the firm's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $9.83, for a total value of $511,887.42. Following the completion of the transaction, the chief executive officer directly owned 333,854 shares of the company's stock, valued at $3,281,784.82. This trade represents a 13.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mark C. Biderman sold 10,000 shares of the firm's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $9.48, for a total transaction of $94,800.00. Following the completion of the transaction, the director directly owned 60,787 shares of the company's stock, valued at approximately $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. Corporate insiders own 0.68% of the company's stock.

Institutional Investors Weigh In On Apollo Commercial Real Estate Finance

A number of large investors have recently added to or reduced their stakes in ARI. Smartleaf Asset Management LLC raised its holdings in 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 buying an additional 2,332 shares during the last quarter. Versant Capital Management Inc lifted its position in Apollo Commercial Real Estate Finance by 57.9% during the first quarter. Versant Capital Management Inc now owns 3,425 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 1,256 shares during the last quarter. CWM LLC lifted its position in Apollo Commercial Real Estate Finance by 39.2% during the first quarter. CWM LLC now owns 3,858 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 1,087 shares during the last quarter. Sterling Capital Management LLC lifted 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 during the last quarter. Finally, CF Capital LLC bought a new stake in Apollo Commercial Real Estate Finance during the 4th quarter valued at about $52,000. Institutional investors 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.