Apollo Commercial Real Estate Finance (NYSE:ARI - Get Free Report) had its price objective raised by analysts at UBS Group from $9.00 to $10.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a "neutral" rating on the real estate investment trust's stock. UBS Group's price objective suggests a potential downside of 1.38% from the company's previous close.
Other equities research analysts also recently issued research reports about the company. Keefe, Bruyette & Woods decreased their target price on Apollo Commercial Real Estate Finance from $9.00 to $8.75 and set a "market perform" rating for the company in a report on Tuesday, January 14th. StockNews.com upgraded Apollo Commercial Real Estate Finance from a "sell" rating to a "hold" rating in a research report on Saturday, February 15th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat.com, Apollo Commercial Real Estate Finance currently has a consensus rating of "Hold" and an average target price of $9.44.
Read Our Latest Analysis on ARI
Apollo Commercial Real Estate Finance Stock Up 0.7 %
NYSE ARI traded up $0.07 during trading on Tuesday, hitting $10.14. The company's stock had a trading volume of 957,099 shares, compared to its average volume of 935,208. 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 $1.41 billion, a PE ratio of -10.67 and a beta of 1.74. The business's 50 day simple moving average is $9.20 and its 200-day simple moving average is $9.33. Apollo Commercial Real Estate Finance has a fifty-two week low of $8.44 and a fifty-two week high of $11.64.
Apollo Commercial Real Estate Finance (NYSE:ARI - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.07. Apollo Commercial Real Estate Finance had a positive return on equity of 9.37% and a negative net margin of 39.40%. On average, equities analysts anticipate that Apollo Commercial Real Estate Finance will post 0.63 EPS for the current fiscal year.
Institutional Trading of Apollo Commercial Real Estate Finance
Several large investors have recently made changes to their positions in the company. AlphaCore Capital LLC increased its position in shares of Apollo Commercial Real Estate Finance by 2.8% during the fourth quarter. AlphaCore Capital LLC now owns 41,119 shares of the real estate investment trust's stock worth $366,000 after purchasing an additional 1,118 shares in the last quarter. Alpine Global Management LLC purchased a new stake in shares of Apollo Commercial Real Estate Finance during the fourth quarter worth approximately $560,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Apollo Commercial Real Estate Finance by 18.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 449,676 shares of the real estate investment trust's stock worth $3,894,000 after purchasing an additional 68,976 shares in the last quarter. ProShare Advisors LLC increased its position in shares of Apollo Commercial Real Estate Finance by 41.1% during the fourth quarter. ProShare Advisors LLC now owns 41,532 shares of the real estate investment trust's stock worth $360,000 after purchasing an additional 12,090 shares in the last quarter. Finally, Nomura Holdings Inc. purchased a new stake in shares of Apollo Commercial Real Estate Finance during the fourth quarter worth approximately $31,684,000. 54.43% of the stock is currently owned by hedge funds and other institutional investors.
About Apollo Commercial Real Estate Finance
(
Get Free Report)
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.
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