Apollo Commercial Real Estate Finance (NYSE:ARI) Upgraded at Weiss Ratings

Key Points

• Apollo Commercial Real Estate Finance received an upgrade from Weiss Ratings, moving from a "sell (d+)" to a "hold (c-)" rating.
• UBS Group and Keefe, Bruyette & Woods have adjusted their price targets for the stock, now ranging from $10.50 to $10.75, while the average price target is $10.31.
• CEO Stuart Rothstein sold over 52,000 shares of the company at an average price of $10.78, resulting in a 15.60% reduction in their position.

Apollo Commercial Real Estate Finance (NYSE:ARI - Get Free Report) was upgraded by Weiss Ratings from a "sell (d+)" rating to a "hold (c-)" rating in a research report issued on Wednesday,Weiss Ratings reports.

Several other research analysts have also issued reports on the company. UBS Group boosted their target price on Apollo Commercial Real Estate Finance from $10.00 to $10.50 and gave the company a "neutral" rating in a research report on Tuesday, July 15th. Zacks Research lowered Apollo Commercial Real Estate Finance from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 16th. Finally, Keefe, Bruyette & Woods lifted their target price on Apollo Commercial Real Estate Finance from $10.50 to $10.75 and gave the company an "outperform" rating in a research report on Thursday, July 10th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $10.31.

Apollo Commercial Real Estate Finance Trading Down 0.6%

ARI traded down $0.06 on Wednesday, hitting $9.94. The company had a trading volume of 860,683 shares, compared to its average volume of 1,086,510. The company has a market cap of $1.38 billion, a PE ratio of -71.00, a PEG ratio of 0.29 and a beta of 1.60. Apollo Commercial Real Estate Finance has a 12-month low of $7.70 and a 12-month high of $11.11. The company has a quick ratio of 98.25, a current ratio of 98.25 and a debt-to-equity ratio of 0.66. The business's fifty day simple moving average is $10.33 and its 200 day simple moving average is $9.80.

Insider Activity at Apollo Commercial Real Estate Finance

In other news, CEO Stuart Rothstein sold 52,073 shares of the firm's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $10.78, for a total transaction of $561,346.94. Following the sale, the chief executive officer directly owned 281,781 shares in the company, valued at $3,037,599.18. This trade represents a 15.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.68% of the stock is owned by company insiders.

Institutional Investors Weigh In On Apollo Commercial Real Estate Finance

Institutional investors have recently modified their holdings of the business. Kingstone Capital Partners Texas LLC purchased a new position in Apollo Commercial Real Estate Finance in the 2nd quarter valued at about $271,921,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Apollo Commercial Real Estate Finance by 89.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,855,116 shares of the real estate investment trust's stock valued at $17,753,000 after buying an additional 877,675 shares in the last quarter. Nuveen LLC purchased a new position in Apollo Commercial Real Estate Finance in the 1st quarter valued at about $7,813,000. Edgestream Partners L.P. acquired a new stake in shares of Apollo Commercial Real Estate Finance during the 2nd quarter worth approximately $5,323,000. Finally, Invesco Ltd. increased its holdings in shares of Apollo Commercial Real Estate Finance by 50.4% during the 2nd quarter. Invesco Ltd. now owns 1,291,072 shares of the real estate investment trust's stock worth $12,498,000 after buying an additional 432,377 shares during the last quarter. 54.43% of the stock is currently owned by institutional investors and hedge funds.

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.

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