Keefe, Bruyette & Woods Issues Positive Forecast for Apollo Commercial Real Estate Finance (NYSE:ARI) Stock Price

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

A number of other analysts have also issued reports on the company. JMP Securities reaffirmed a "market perform" rating on shares of Apollo Commercial Real Estate Finance in a research note on Tuesday, April 29th. BTIG Research raised 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 note on Wednesday, April 23rd. UBS Group reissued a "neutral" rating and set a $10.00 target price (up previously from $9.00) on shares of Apollo Commercial Real Estate Finance in a research note on Wednesday, May 21st. JPMorgan Chase & Co. upped their price target on Apollo Commercial Real Estate Finance from $8.00 to $9.00 and gave the stock a "neutral" rating in a report on Monday, April 28th. Finally, Wall Street Zen downgraded Apollo Commercial Real Estate Finance from a "buy" rating to a "hold" rating in a report on Wednesday, April 23rd. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, Apollo Commercial Real Estate Finance currently has a consensus rating of "Hold" and a consensus price target of $10.19.

Apollo Commercial Real Estate Finance Stock Down 1.1%

Shares of Apollo Commercial Real Estate Finance stock traded down $0.11 during trading on Thursday, hitting $9.95. 794,547 shares of the stock traded hands, compared to its average volume of 1,170,686. The firm has a market cap of $1.38 billion, a P/E ratio of -331.67, a price-to-earnings-growth ratio of 0.27 and a beta of 1.46. The company has a current ratio of 74.89, a quick ratio of 74.89 and a debt-to-equity ratio of 0.67. Apollo Commercial Real Estate Finance has a 52-week low of $7.70 and a 52-week high of $11.20. The stock's fifty day simple moving average is $9.80 and its 200 day simple moving average is $9.44.

Insider Activity at Apollo Commercial Real Estate Finance

In related news, Director Mark C. Biderman sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $9.48, for a total value of $94,800.00. Following the completion of the transaction, the director directly owned 60,787 shares of the company's stock, valued at $576,260.76. This trade represents a 14.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Stuart Rothstein sold 52,074 shares of the firm's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $9.83, for a total value of $511,887.42. Following the transaction, the chief executive officer directly owned 333,854 shares of the company's stock, valued at $3,281,784.82. The trade was a 13.49% decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Deutsche Bank AG lifted its stake in shares of Apollo Commercial Real Estate Finance by 51.0% during the fourth quarter. Deutsche Bank AG now owns 118,656 shares of the real estate investment trust's stock worth $1,028,000 after purchasing an additional 40,088 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Apollo Commercial Real Estate Finance by 130.1% in the fourth quarter. JPMorgan Chase & Co. now owns 480,852 shares of the real estate investment trust's stock valued at $4,164,000 after buying an additional 271,908 shares during the last quarter. QRG Capital Management Inc. increased its holdings in Apollo Commercial Real Estate Finance by 11.1% in the first quarter. QRG Capital Management Inc. now owns 67,816 shares of the real estate investment trust's stock valued at $649,000 after buying an additional 6,787 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Apollo Commercial Real Estate Finance by 10.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 43,815 shares of the real estate investment trust's stock valued at $419,000 after purchasing an additional 4,023 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Apollo Commercial Real Estate Finance during the fourth quarter valued at approximately $578,000. 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.