Apollo Commercial Real Estate Finance (NYSE:ARI) Price Target Cut to $8.75 by Analysts at Keefe, Bruyette & Woods

Apollo Commercial Real Estate Finance (NYSE:ARI) had its price objective dropped by investment analysts at Keefe, Bruyette & Woods from $9.00 to $8.75 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “market perform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ price target points to a potential downside of 1.91% from the stock’s current price.

Several other brokerages also recently weighed in on ARI. StockNews.com downgraded shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a research report on Monday. UBS Group decreased their price objective 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. Finally, JPMorgan Chase & Co. cut their target price on Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating on the stock in a research report on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat.com, Apollo Commercial Real Estate Finance has a consensus rating of “Hold” and an average price target of $9.31.

Apollo Commercial Real Estate Finance Trading Up 1.0 %

ARI opened at $8.92 on Tuesday. The business’s 50-day simple moving average is $9.04 and its 200-day simple moving average is $9.53. The company has a market cap of $1.23 billion, a P/E ratio of -9.70 and a beta of 1.74. Apollo Commercial Real Estate Finance has a one year low of $8.44 and a one year high of $11.97. The company has a debt-to-equity ratio of 0.67, a quick ratio of 46.13 and a current ratio of 46.13.

Institutional Investors Weigh In On Apollo Commercial Real Estate Finance

Institutional investors and hedge funds have recently made changes to their positions in the business. Merit Financial Group LLC grew its holdings in shares of Apollo Commercial Real Estate Finance by 10.0% during the fourth quarter. Merit Financial Group LLC now owns 114,639 shares of the real estate investment trust’s stock worth $993,000 after buying an additional 10,447 shares during the last quarter. Barclays PLC grew its stake in shares of Apollo Commercial Real Estate Finance by 65.9% in the 3rd 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. Y Intercept Hong Kong Ltd increased its holdings in shares of Apollo Commercial Real Estate Finance by 619.3% in the third quarter. Y Intercept Hong Kong Ltd now owns 87,163 shares of the real estate investment trust’s stock valued at $801,000 after purchasing an additional 75,046 shares during the period. Jane Street Group LLC raised its stake in shares of Apollo Commercial Real Estate Finance by 139.4% during the third quarter. Jane Street Group LLC now owns 302,388 shares of the real estate investment trust’s stock worth $2,779,000 after purchasing an additional 176,101 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Apollo Commercial Real Estate Finance by 1.1% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 578,210 shares of the real estate investment trust’s stock worth $5,314,000 after purchasing an additional 6,200 shares during the period. 54.43% of the stock is owned by hedge funds and other institutional investors.

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.