Apollo Commercial Real Estate Finance (NYSE:ARI) Given a $10.50 Price Target by UBS Group Analysts

Apollo Commercial Real Estate Finance (NYSE:ARI) received a $10.50 price objective from investment analysts at UBS Group in a report released on Tuesday, MarketBeat Ratings reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. UBS Group’s price objective suggests a potential upside of 5.58% from the company’s current price.

Several other research analysts have also issued reports on ARI. JMP Securities restated a “market perform” rating on shares of Apollo Commercial Real Estate Finance in a report on Tuesday, April 29th. Keefe, Bruyette & Woods upped their price objective on shares of Apollo Commercial Real Estate Finance from $10.50 to $10.75 and gave the company an “outperform” rating in a report on Thursday, July 10th. BTIG Research upgraded Apollo Commercial Real Estate Finance from a “neutral” rating to a “buy” rating and set a $11.00 price target on the stock in a research report on Wednesday, April 23rd. Wall Street Zen cut shares of Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a research report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. increased their price objective on Apollo Commercial Real Estate Finance from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Monday, April 28th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $10.31.

Apollo Commercial Real Estate Finance Stock Up 0.9%

Shares of NYSE ARI opened at $9.95 on Tuesday. The stock has a market cap of $1.38 billion, a P/E ratio of -331.50, a P/E/G ratio of 0.27 and a beta of 1.46. The firm has a 50 day moving average price of $9.83 and a 200 day moving average price of $9.46. The company has a debt-to-equity ratio of 0.67, a quick ratio of 74.89 and a current ratio of 74.89. Apollo Commercial Real Estate Finance has a 52-week low of $7.70 and a 52-week high of $11.20.

Insider Activity

In other Apollo Commercial Real Estate Finance news, 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 transaction of $94,800.00. Following the completion of the sale, the director owned 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stuart Rothstein sold 52,074 shares of Apollo Commercial Real Estate Finance stock in a transaction on Monday, June 16th. The shares were sold at an average price of $9.83, for a total value of $511,887.42. Following the completion of the transaction, the chief executive officer owned 333,854 shares of the company’s stock, valued at approximately $3,281,784.82. This trade represents a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.

Hedge Funds Weigh In On Apollo Commercial Real Estate Finance

Institutional investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc increased its holdings in 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 valued at $33,000 after purchasing an additional 1,256 shares in the last quarter. CWM LLC increased its stake in shares of Apollo Commercial Real Estate Finance by 39.2% during the first quarter. CWM LLC now owns 3,858 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 1,087 shares during the period. Signaturefd LLC increased its stake in shares of Apollo Commercial Real Estate Finance by 55.6% during the second quarter. Signaturefd LLC now owns 4,059 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 1,451 shares during the period. Sterling Capital Management LLC increased its stake in shares of Apollo Commercial Real Estate Finance by 783.8% during the fourth quarter. Sterling Capital Management LLC now owns 4,366 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 3,872 shares during the period. Finally, Smartleaf Asset Management LLC increased its stake in shares of Apollo Commercial Real Estate Finance by 94.1% during the first quarter. Smartleaf Asset Management LLC now owns 5,909 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 2,864 shares during the period. Institutional investors and hedge funds own 54.43% of the company’s stock.

Apollo Commercial Real Estate Finance Company Profile

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.