Apollo Commercial Real Estate Finance (NYSE:ARI) Cut to Sell at StockNews.com

Apollo Commercial Real Estate Finance (NYSE:ARI) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Monday.

A number of other research firms have also recently issued reports on ARI. UBS Group cut their target price on shares of Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a “neutral” rating for the company in a research note on Friday, November 15th. JPMorgan Chase & Co. cut their target price on shares of Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating for the company in a research note on Thursday, October 17th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $9.63.

Apollo Commercial Real Estate Finance Stock Performance

Shares of NYSE ARI traded up $0.07 during mid-day trading on Monday, reaching $8.64. 725,497 shares of the company were exchanged, compared to its average volume of 867,142. The company’s 50-day simple moving average is $9.05 and its 200-day simple moving average is $9.55. The company has a quick ratio of 46.13, a current ratio of 46.13 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $1.19 billion, a P/E ratio of -9.39 and a beta of 1.74. Apollo Commercial Real Estate Finance has a twelve month low of $8.44 and a twelve month high of $11.97.

Institutional Trading of Apollo Commercial Real Estate Finance

Institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC raised its holdings in shares of Apollo Commercial Real Estate Finance by 139.4% in the third quarter. Jane Street Group LLC now owns 302,388 shares of the real estate investment trust’s stock valued at $2,779,000 after purchasing an additional 176,101 shares during the last quarter. Barclays PLC lifted 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 valued at $3,028,000 after purchasing an additional 130,892 shares during the last quarter. Advisors Asset Management Inc. lifted its position in Apollo Commercial Real Estate Finance by 72.0% during the third quarter. Advisors Asset Management Inc. now owns 468,335 shares of the real estate investment trust’s stock valued at $4,304,000 after purchasing an additional 196,122 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Apollo Commercial Real Estate Finance by 36.1% during the second quarter. Victory Capital Management Inc. now owns 225,123 shares of the real estate investment trust’s stock worth $2,204,000 after acquiring an additional 59,764 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of Apollo Commercial Real Estate Finance by 8.0% during the second quarter. Envestnet Asset Management Inc. now owns 281,902 shares of the real estate investment trust’s stock worth $2,760,000 after acquiring an additional 20,801 shares in the last quarter. Hedge funds and other institutional investors 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.