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

Apollo Commercial Real Estate Finance (NYSE:ARI - Get Free Report) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating in a note issued to investors on Monday.

Other analysts also recently issued reports about the company. UBS Group lowered their target price on Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a "neutral" rating for the company in a research note on Friday, November 15th. JPMorgan Chase & Co. decreased their price target 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 analysts have rated the stock with a sell rating and four have given a hold rating to the company's stock. According to MarketBeat, Apollo Commercial Real Estate Finance presently has a consensus rating of "Hold" and an average target price of $9.63.

Apollo Commercial Real Estate Finance Stock Up 0.8 %

Shares of Apollo Commercial Real Estate Finance stock traded up $0.07 during trading hours on Monday, hitting $8.64. 725,497 shares of the company's stock traded hands, compared to its average volume of 867,142. The stock has a 50 day simple moving average of $9.05 and a 200-day simple moving average of $9.55. The company has a quick ratio of 46.13, a current ratio of 46.13 and a debt-to-equity ratio of 0.67. The company has a market cap of $1.19 billion, a PE ratio of -9.39 and a beta of 1.74. Apollo Commercial Real Estate Finance has a twelve month low of $8.44 and a twelve month high of $11.97.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC increased its holdings in shares of Apollo Commercial Real Estate Finance by 1.8% during the 2nd quarter. AQR Capital Management LLC now owns 59,621 shares of the real estate investment trust's stock worth $584,000 after purchasing an additional 1,039 shares during the period. PFG Investments LLC lifted its position in shares of Apollo Commercial Real Estate Finance by 2.9% during the third quarter. PFG Investments LLC now owns 48,584 shares of the real estate investment trust's stock worth $446,000 after purchasing an additional 1,352 shares in the last quarter. QRG Capital Management Inc. lifted its holdings in Apollo Commercial Real Estate Finance by 2.2% in the third quarter. QRG Capital Management Inc. now owns 67,502 shares of the real estate investment trust's stock valued at $620,000 after buying an additional 1,456 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Apollo Commercial Real Estate Finance by 3.0% in the second quarter. The Manufacturers Life Insurance Company now owns 70,256 shares of the real estate investment trust's stock valued at $688,000 after buying an additional 2,037 shares during the period. Finally, Private Advisor Group LLC increased its stake in Apollo Commercial Real Estate Finance by 9.0% in the third quarter. Private Advisor Group LLC now owns 28,872 shares of the real estate investment trust's stock valued at $265,000 after purchasing an additional 2,382 shares in the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.