Apollo Commercial Real Estate Finance (NYSE:ARI) Upgraded to "Overweight" at JPMorgan Chase & Co.

Key Points

• Apollo Commercial Real Estate Finance (NYSE: ARI) was upgraded from "neutral" to "overweight" by JPMorgan Chase & Co., with a price target raised to $10.50, indicating a potential upside of 5.32% from its current price.
• Other analysts have mixed views on ARI, with ratings ranging from "buy" to "hold," and the stock currently holds an average rating of "hold" with a consensus price target of $10.75.
• Institutional investors and hedge funds own approximately 54.43% of Apollo Commercial Real Estate Finance's stock, highlighting significant interest among large stakeholders.

Apollo Commercial Real Estate Finance (NYSE:ARI - Get Free Report) was upgraded by stock analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a research report issued on Monday,Benzinga reports. The firm currently has a $10.50 price target on the real estate investment trust's stock, up from their previous price target of $10.00. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 5.32% from the company's current price.

A number of other research analysts also recently issued reports on ARI. Weiss Ratings upgraded Apollo Commercial Real Estate Finance from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, October 8th. UBS Group raised their price objective on Apollo Commercial Real Estate Finance from $10.00 to $10.50 and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. Zacks Research cut 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 raised their price objective on Apollo Commercial Real Estate Finance from $10.75 to $11.00 and gave the stock an "outperform" rating in a research report on Thursday, October 9th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, Apollo Commercial Real Estate Finance presently has an average rating of "Hold" and a consensus price target of $10.75.

Apollo Commercial Real Estate Finance Trading Up 0.9%

ARI opened at $9.97 on Monday. The stock's fifty day moving average is $10.34 and its two-hundred day moving average is $9.81. The company has a market capitalization of $1.39 billion, a P/E ratio of -71.21, a PEG ratio of 0.29 and a beta of 1.60. Apollo Commercial Real Estate Finance has a 52 week low of $7.70 and a 52 week 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.

Apollo Commercial Real Estate Finance (NYSE:ARI - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.02). The firm had revenue of $43.07 million for the quarter, compared to analysts' expectations of $48.40 million. Apollo Commercial Real Estate Finance had a positive return on equity of 8.42% and a negative net margin of 1.49%. Analysts forecast that Apollo Commercial Real Estate Finance will post 0.63 earnings per share for the current year.

Insider Activity

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

Hedge Funds Weigh In On Apollo Commercial Real Estate Finance

Several institutional investors and hedge funds have recently modified their holdings of the stock. Kingstone Capital Partners Texas LLC acquired a new position in shares of Apollo Commercial Real Estate Finance in the 2nd quarter valued at about $271,921,000. Charles Schwab Investment Management Inc. raised its holdings in Apollo Commercial Real Estate Finance by 2.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,326,569 shares of the real estate investment trust's stock worth $22,265,000 after purchasing an additional 63,191 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Apollo Commercial Real Estate Finance by 5.2% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,951,609 shares of the real estate investment trust's stock worth $18,892,000 after purchasing an additional 96,493 shares during the period. Invesco Ltd. raised its holdings in Apollo Commercial Real Estate Finance by 50.4% in the 2nd quarter. Invesco Ltd. now owns 1,291,072 shares of the real estate investment trust's stock worth $12,498,000 after purchasing an additional 432,377 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Apollo Commercial Real Estate Finance by 1.3% in the 1st quarter. Bank of New York Mellon Corp now owns 1,036,715 shares of the real estate investment trust's stock worth $9,921,000 after purchasing an additional 13,774 shares during the period. Institutional investors and hedge funds own 54.43% of the company's stock.

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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