UBS Group Cuts Apollo Commercial Real Estate Finance (NYSE:ARI) Price Target to $9.00

Apollo Commercial Real Estate Finance (NYSE:ARI - Get Free Report) had its price target decreased by investment analysts at UBS Group from $10.00 to $9.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a "neutral" rating on the real estate investment trust's stock. UBS Group's price target would indicate a potential upside of 10.29% from the stock's previous close.

Other equities research analysts also recently issued reports about the stock. StockNews.com upgraded shares of Apollo Commercial Real Estate Finance from a "hold" rating to a "buy" rating in a research note on Tuesday, April 15th. JPMorgan Chase & Co. dropped their price objective on shares of Apollo Commercial Real Estate Finance from $9.50 to $8.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Finally, Keefe, Bruyette & Woods raised Apollo Commercial Real Estate Finance from a "market perform" rating to an "outperform" rating and set a $10.00 target price on the stock in a report on Monday, April 7th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Apollo Commercial Real Estate Finance has a consensus rating of "Hold" and an average target price of $9.00.

Apollo Commercial Real Estate Finance Price Performance

Shares of ARI traded down $0.19 during mid-day trading on Wednesday, hitting $8.16. 308,343 shares of the stock were exchanged, compared to its average volume of 1,088,119. The firm has a 50-day moving average of $9.48 and a two-hundred day moving average of $9.16. Apollo Commercial Real Estate Finance has a 52-week low of $7.70 and a 52-week high of $11.20. The company has a market cap of $1.13 billion, a PE ratio of -8.59 and a beta of 1.41. The company has a debt-to-equity ratio of 0.67, a quick ratio of 51.19 and a current ratio of 51.19.

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

Insider Buying and Selling

In other Apollo Commercial Real Estate Finance news, Director Carmencita N.M. Whonder sold 11,000 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $9.96, for a total value of $109,560.00. Following the completion of the sale, the director now owns 9,624 shares in the company, valued at approximately $95,855.04. The trade was a 53.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Stuart Rothstein sold 52,074 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $9.99, for a total transaction of $520,219.26. Following the transaction, the chief executive officer now directly owns 385,928 shares in the company, valued at $3,855,420.72. The trade was 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

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Apollo Commercial Real Estate Finance by 0.9% during 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 in the last quarter. Nomura Holdings Inc. purchased a new stake in Apollo Commercial Real Estate Finance in the fourth quarter valued at approximately $31,684,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Apollo Commercial Real Estate Finance by 7.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,263,378 shares of the real estate investment trust's stock worth $19,601,000 after buying an additional 162,089 shares during the last quarter. Northern Trust Corp boosted its holdings in Apollo Commercial Real Estate Finance by 14.9% in the fourth quarter. Northern Trust Corp now owns 1,745,469 shares of the real estate investment trust's stock valued at $15,116,000 after acquiring an additional 226,399 shares during the last quarter. Finally, Van ECK Associates Corp grew its position in Apollo Commercial Real Estate Finance by 12.1% during the fourth quarter. Van ECK Associates Corp now owns 1,063,511 shares of the real estate investment trust's stock valued at $9,210,000 after acquiring an additional 115,109 shares during the period. Hedge funds and other institutional investors 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.