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 lowered by equities researchers at Keefe, Bruyette & Woods from $9.00 to $8.75 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “market perform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential downside of 0.79% from the company’s previous close.

A number of other research analysts have also recently commented on the company. UBS Group decreased their price target on Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a “neutral” rating on the stock in a research report on Friday, November 15th. StockNews.com lowered Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a research note on Monday. Finally, JPMorgan Chase & Co. lowered their target price on 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 issued a hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $9.31.

Apollo Commercial Real Estate Finance Trading Up 2.4 %

ARI stock traded up $0.21 during mid-day trading on Tuesday, reaching $8.82. 258,442 shares of the stock traded hands, compared to its average volume of 783,527. The company has a market cap of $1.22 billion, a P/E ratio of -9.59 and a beta of 1.74. The stock’s fifty day moving average is $9.05 and its 200-day moving average is $9.55. The company has a current ratio of 46.13, a quick ratio of 46.13 and a debt-to-equity ratio of 0.67. Apollo Commercial Real Estate Finance has a 52-week low of $8.44 and a 52-week high of $11.97.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Luxor Capital Group LP bought a new position in shares of Apollo Commercial Real Estate Finance in the 2nd quarter worth about $7,342,000. Advisors Asset Management Inc. boosted 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 buying an additional 196,122 shares during the period. Jane Street Group LLC raised its stake in 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 worth $2,779,000 after buying an additional 176,101 shares in the last quarter. Barclays PLC increased its stake in shares of 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 in the last quarter. Finally, Quest Partners LLC grew its holdings in shares of Apollo Commercial Real Estate Finance by 960.9% during the third quarter. Quest Partners LLC now owns 101,641 shares of the real estate investment trust’s stock valued at $934,000 after buying an additional 92,060 shares during the last quarter. 54.43% of the stock is owned by institutional investors and hedge funds.

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.