Apollo Commercial Real Estate Finance (NYSE:ARI) Price Target Cut to $10.00 by Analysts at Keefe, Bruyette & Woods

Apollo Commercial Real Estate Finance (NYSE:ARI) had its price target decreased by equities researchers at Keefe, Bruyette & Woods from $11.00 to $10.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a “market perform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 0.70% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. TheStreet upgraded Apollo Commercial Real Estate Finance from a “d+” rating to a “c-” rating in a report on Wednesday, March 20th. Bank of America downgraded Apollo Commercial Real Estate Finance from a “neutral” rating to an “underperform” rating and set a $10.50 price objective for the company. in a research report on Monday, March 4th. Finally, JPMorgan Chase & Co. cut their price target on Apollo Commercial Real Estate Finance from $11.00 to $10.50 and set a “neutral” rating for the company in a research note on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat, Apollo Commercial Real Estate Finance presently has an average rating of “Hold” and a consensus target price of $10.38.

Apollo Commercial Real Estate Finance Price Performance

Shares of NYSE:ARI traded up $0.30 during midday trading on Wednesday, reaching $9.93. 286,057 shares of the company’s stock traded hands, compared to its average volume of 785,172. The company has a fifty day simple moving average of $10.92 and a two-hundred day simple moving average of $11.01. The company has a market cap of $1.41 billion, a P/E ratio of -12.73 and a beta of 1.67. The company has a debt-to-equity ratio of 0.57, a quick ratio of 67.73 and a current ratio of 67.74. Apollo Commercial Real Estate Finance has a 1 year low of $9.22 and a 1 year high of $12.74.

Insiders Place Their Bets

In other news, CEO Stuart Rothstein sold 40,000 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $10.60, for a total transaction of $424,000.00. Following the completion of the transaction, the chief executive officer now owns 415,292 shares of the company’s stock, valued at $4,402,095.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. SG Americas Securities LLC acquired a new position in Apollo Commercial Real Estate Finance during the 3rd quarter valued at approximately $250,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Apollo Commercial Real Estate Finance by 21.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,738 shares of the real estate investment trust’s stock valued at $311,000 after buying an additional 5,372 shares during the last quarter. Inspire Investing LLC boosted its holdings in Apollo Commercial Real Estate Finance by 8.7% during the 3rd quarter. Inspire Investing LLC now owns 30,264 shares of the real estate investment trust’s stock valued at $307,000 after acquiring an additional 2,434 shares during the period. Triumph Capital Management grew its stake in Apollo Commercial Real Estate Finance by 37.4% during the 3rd quarter. Triumph Capital Management now owns 52,316 shares of the real estate investment trust’s stock worth $548,000 after purchasing an additional 14,236 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of Apollo Commercial Real Estate Finance by 52.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 85,060 shares of the real estate investment trust’s stock worth $862,000 after acquiring an additional 29,434 shares in the last quarter. Hedge funds and other institutional investors own 54.43% of the company’s stock.

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.