Apollo Commercial Real Estate Finance (NYSE:ARI - Get Free Report) was upgraded by stock analysts at Keefe, Bruyette & Woods from a "market perform" rating to an "outperform" rating in a research note issued to investors on Monday, MarketBeat reports. The firm presently has a $10.00 price objective on the real estate investment trust's stock. Keefe, Bruyette & Woods' price target indicates a potential upside of 23.53% from the company's current price.
A number of other equities research analysts also recently weighed in on ARI. UBS Group boosted their price target on Apollo Commercial Real Estate Finance from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Tuesday, February 25th. StockNews.com raised shares of Apollo Commercial Real Estate Finance from a "sell" rating to a "hold" rating in a report on Saturday, February 15th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $9.50.
Check Out Our Latest Analysis on Apollo Commercial Real Estate Finance
Apollo Commercial Real Estate Finance Stock Down 1.4 %
NYSE ARI traded down $0.12 during trading hours on Monday, reaching $8.10. 1,627,452 shares of the company traded hands, compared to its average volume of 1,077,521. The stock has a market capitalization of $1.12 billion, a PE ratio of -8.52 and a beta of 1.41. The company has a current ratio of 51.19, a quick ratio of 51.19 and a debt-to-equity ratio of 0.67. Apollo Commercial Real Estate Finance has a 12 month low of $7.70 and a 12 month high of $11.20. The company has a 50 day moving average of $9.58 and a two-hundred day moving average of $9.19.
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 EPS for the quarter, topping the consensus estimate of $0.23 by $0.07. Apollo Commercial Real Estate Finance had a negative net margin of 39.40% and a positive return on equity of 9.37%. As a group, equities analysts expect that Apollo Commercial Real Estate Finance will post 0.63 earnings per share for the current year.
Insider Transactions at Apollo Commercial Real Estate Finance
In related news, Director Carmencita N.M. Whonder sold 11,000 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $9.96, for a total value of $109,560.00. Following the sale, the director now owns 9,624 shares of the company's stock, valued at $95,855.04. This trade represents a 53.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Stuart Rothstein sold 52,074 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $9.99, for a total transaction of $520,219.26. Following the transaction, the chief executive officer now directly owns 385,928 shares of the company's stock, valued at $3,855,420.72. The trade was a 11.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.68% of the company's stock.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. Smartleaf Asset Management LLC lifted its holdings in Apollo Commercial Real Estate Finance by 327.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,045 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 2,332 shares during the period. Versant Capital Management Inc raised its position in shares of Apollo Commercial Real Estate Finance by 57.9% during the 1st quarter. Versant Capital Management Inc now owns 3,425 shares of the real estate investment trust's stock worth $33,000 after buying an additional 1,256 shares in the last quarter. Sterling Capital Management LLC lifted 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 period. CF Capital LLC bought a new position in shares of Apollo Commercial Real Estate Finance in the fourth quarter valued at approximately $52,000. Finally, Murphy & Mullick Capital Management Corp acquired a new position in shares of Apollo Commercial Real Estate Finance during the fourth quarter valued at approximately $67,000. 54.43% of the stock is owned by institutional investors and hedge funds.
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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