Apollo Commercial Real Estate Finance (NYSE:ARI) Receives “Neutral” Rating from UBS Group

Apollo Commercial Real Estate Finance (NYSE:ARI)‘s stock had its “neutral” rating reissued by UBS Group in a research report issued on Wednesday, Marketbeat Ratings reports. They currently have a $10.00 price objective on the real estate investment trust’s stock, up from their prior price objective of $9.00. UBS Group’s price target indicates a potential upside of 4.17% from the company’s current price.

Other research analysts also recently issued reports about the company. Wall Street Zen downgraded Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a research note on Wednesday, April 23rd. JMP Securities reaffirmed a “market perform” rating on shares of Apollo Commercial Real Estate Finance in a research note on Tuesday, April 29th. BTIG Research raised Apollo Commercial Real Estate Finance from a “neutral” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Wednesday, April 23rd. Keefe, Bruyette & Woods upped their target price on Apollo Commercial Real Estate Finance from $10.00 to $10.50 and gave the stock an “outperform” rating in a research note on Tuesday, April 29th. Finally, JPMorgan Chase & Co. upped their target price on Apollo Commercial Real Estate Finance from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Monday, April 28th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Apollo Commercial Real Estate Finance presently has an average rating of “Hold” and a consensus price target of $10.13.

Apollo Commercial Real Estate Finance Trading Up 0.6%

Shares of ARI stock opened at $9.60 on Wednesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 51.19 and a quick ratio of 51.19. The company has a market cap of $1.33 billion, a price-to-earnings ratio of -10.11 and a beta of 1.49. The stock has a 50 day simple moving average of $9.23 and a 200-day simple moving average of $9.26. Apollo Commercial Real Estate Finance has a 1-year low of $7.70 and a 1-year high of $11.20.

Insider Activity at Apollo Commercial Real Estate Finance

In related news, Director Carmencita N.M. Whonder sold 11,000 shares of the stock in a transaction 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 transaction, the director now directly owns 9,624 shares of the company’s stock, valued at approximately $95,855.04. This represents a 53.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark C. Biderman sold 10,000 shares of the firm’s stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $9.48, for a total value of $94,800.00. Following the completion of the sale, the director now directly owns 60,787 shares of the company’s stock, valued at $576,260.76. This trade represents a 14.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 73,074 shares of company stock valued at $724,579. 0.68% of the stock is owned by insiders.

Institutional Trading of Apollo Commercial Real Estate Finance

Hedge funds and other institutional investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC increased its stake in shares of Apollo Commercial Real Estate Finance by 327.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,045 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 2,332 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of Apollo Commercial Real Estate Finance by 57.9% in the 1st quarter. Versant Capital Management Inc now owns 3,425 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 1,256 shares during the last quarter. CWM LLC increased its stake in shares of Apollo Commercial Real Estate Finance by 39.2% in the 1st quarter. CWM LLC now owns 3,858 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 1,087 shares during the last quarter. Sterling Capital Management LLC increased its stake in shares of Apollo Commercial Real Estate Finance by 783.8% in the 4th quarter. Sterling Capital Management LLC now owns 4,366 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 3,872 shares during the last quarter. Finally, CF Capital LLC acquired a new stake in shares of Apollo Commercial Real Estate Finance in the 4th quarter worth $52,000. 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.