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

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

Several other research firms also recently issued reports on ARI. JPMorgan Chase & Co. dropped their price target on Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating on the stock in a research note on Thursday, October 17th. BTIG Research initiated coverage on Apollo Commercial Real Estate Finance in a report on Friday, July 19th. They set a “neutral” rating on the stock. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $9.88.

Apollo Commercial Real Estate Finance Trading Up 2.3 %

Shares of NYSE:ARI traded up $0.20 during midday trading on Monday, hitting $8.98. The company had a trading volume of 2,191,963 shares, compared to its average volume of 947,614. Apollo Commercial Real Estate Finance has a 12 month low of $8.52 and a 12 month high of $12.74. The company has a current ratio of 46.13, a quick ratio of 54.21 and a debt-to-equity ratio of 0.67. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of -9.76, a PEG ratio of 1.47 and a beta of 1.75. The firm has a fifty day simple moving average of $9.39 and a 200 day simple moving average of $9.94.

Insider Activity

In related news, Director Scott Prince sold 4,935 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $10.12, for a total transaction of $49,942.20. Following the completion of the transaction, the director now directly owns 81,154 shares of the company’s stock, valued at $821,278.48. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.68% of the stock is owned by corporate insiders.

Institutional Trading of Apollo Commercial Real Estate Finance

A number of large investors have recently bought and sold shares of ARI. Triad Wealth Partners LLC acquired a new stake in shares of Apollo Commercial Real Estate Finance in the 2nd quarter valued at about $43,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Apollo Commercial Real Estate Finance in the 3rd quarter valued at about $44,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Apollo Commercial Real Estate Finance in the 2nd quarter valued at about $59,000. Quest Partners LLC grew its stake in shares of Apollo Commercial Real Estate Finance by 7,689.4% in the 2nd quarter. Quest Partners LLC now owns 9,581 shares of the real estate investment trust’s stock valued at $94,000 after buying an additional 9,458 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in Apollo Commercial Real Estate Finance during the 3rd quarter valued at about $1,130,000. 54.43% of the stock is currently 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.