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 equities research analysts at Keefe, Bruyette & Woods from $10.00 to $10.50 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an "outperform" rating on the real estate investment trust's stock. Keefe, Bruyette & Woods' target price suggests a potential upside of 11.46% from the stock's current price.

Other research analysts have also recently issued reports about the company. StockNews.com cut Apollo Commercial Real Estate Finance from a "buy" rating to a "hold" rating in a report on Wednesday, April 23rd. UBS Group cut their target price on Apollo Commercial Real Estate Finance from $10.00 to $9.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. BTIG Research raised 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. Finally, JPMorgan Chase & Co. lifted their price target on shares of Apollo Commercial Real Estate Finance from $8.00 to $9.00 and gave the company a "neutral" rating in a research note on Monday. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Apollo Commercial Real Estate Finance has an average rating of "Hold" and an average price target of $9.88.

Apollo Commercial Real Estate Finance Stock Performance

ARI traded up $0.03 during trading on Tuesday, reaching $9.42. 218,856 shares of the company's stock were exchanged, compared to its average volume of 1,118,455. The business has a 50 day moving average price of $9.35 and a 200 day moving average price of $9.17. The company has a market capitalization of $1.31 billion, a P/E ratio of -9.92 and a beta of 1.41. Apollo Commercial Real Estate Finance has a fifty-two week low of $7.70 and a fifty-two week high of $11.20. The company has a quick ratio of 51.19, a current ratio of 51.19 and a debt-to-equity ratio of 0.67.

Apollo Commercial Real Estate Finance (NYSE:ARI - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.30 EPS for the quarter, beating the consensus estimate of $0.23 by $0.07. Apollo Commercial Real Estate Finance had a positive return on equity of 9.37% and a negative net margin of 39.40%. As a group, analysts predict that Apollo Commercial Real Estate Finance will post 0.63 earnings per share for the current fiscal year.

Insider Activity at Apollo Commercial Real Estate Finance

In other news, Director Carmencita N.M. Whonder sold 11,000 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $9.96, for a total value of $109,560.00. Following the sale, the director now directly owns 9,624 shares of the company's stock, valued at approximately $95,855.04. This represents a 53.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stuart Rothstein sold 52,074 shares of the firm's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $9.99, for a total transaction of $520,219.26. Following the completion of the sale, the chief executive officer now owns 385,928 shares of the company's stock, valued at $3,855,420.72. This trade represents a 11.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.68% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Barclays PLC boosted its position in Apollo Commercial Real Estate Finance by 65.9% during the third quarter. Barclays PLC now owns 329,462 shares of the real estate investment trust's stock worth $3,028,000 after purchasing an additional 130,892 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Apollo Commercial Real Estate Finance by 130.1% during the 4th quarter. JPMorgan Chase & Co. now owns 480,852 shares of the real estate investment trust's stock worth $4,164,000 after buying an additional 271,908 shares during the period. Raymond James Financial Inc. acquired a new position in Apollo Commercial Real Estate Finance in the 4th quarter valued at about $578,000. Vanguard Group Inc. raised its holdings in Apollo Commercial Real Estate Finance by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 15,236,601 shares of the real estate investment trust's stock valued at $131,949,000 after acquiring an additional 135,785 shares during the period. Finally, Atria Wealth Solutions Inc. lifted its position in Apollo Commercial Real Estate Finance by 168.7% during the fourth quarter. Atria Wealth Solutions Inc. now owns 73,992 shares of the real estate investment trust's stock worth $641,000 after acquiring an additional 46,458 shares during the last quarter. 54.43% of the stock is 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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