Apollo Commercial Real Estate Finance (NYSE:ARI) Price Target Lowered to $8.00 at JPMorgan Chase & Co.

Apollo Commercial Real Estate Finance (NYSE:ARI - Get Free Report) had its target price decreased by equities research analysts at JPMorgan Chase & Co. from $9.50 to $8.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a "neutral" rating on the real estate investment trust's stock. JPMorgan Chase & Co.'s price target would suggest a potential downside of 2.20% from the stock's current price.

Several other equities analysts also recently weighed in on ARI. StockNews.com upgraded Apollo Commercial Real Estate Finance from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. Keefe, Bruyette & Woods raised shares of Apollo Commercial Real Estate Finance from a "market perform" rating to an "outperform" rating and set a $10.00 target price on the stock in a research report on Monday, April 7th. Finally, UBS Group upped their price target on shares of Apollo Commercial Real Estate Finance from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $9.00.

Apollo Commercial Real Estate Finance Trading Down 2.0 %

Shares of NYSE:ARI traded down $0.17 during trading on Wednesday, reaching $8.18. The stock had a trading volume of 289,395 shares, compared to its average volume of 1,087,989. The company has a quick ratio of 51.19, a current ratio of 51.19 and a debt-to-equity ratio of 0.67. The stock has a market cap of $1.14 billion, a P/E ratio of -8.61 and a beta of 1.41. The business has a fifty day moving average price of $9.48 and a 200-day moving average price of $9.16. Apollo Commercial Real Estate Finance has a fifty-two week low of $7.70 and a fifty-two week high of $11.20.

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, beating 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%. As a group, analysts anticipate that Apollo Commercial Real Estate Finance will post 0.63 earnings per share for the current fiscal year.

Insider Activity at Apollo Commercial Real Estate Finance

In related news, CEO Stuart Rothstein sold 52,074 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $9.99, for a total transaction of $520,219.26. Following the sale, the chief executive officer now directly owns 385,928 shares in the company, valued at approximately $3,855,420.72. This trade represents a 11.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Carmencita N.M. Whonder sold 11,000 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $9.96, for a total value of $109,560.00. Following the completion of the transaction, the director now owns 9,624 shares of the company's stock, valued at approximately $95,855.04. This represents a 53.34 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.68% of the company's stock.

Hedge Funds Weigh In On Apollo Commercial Real Estate Finance

A number of institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC lifted its stake in shares of Apollo Commercial Real Estate Finance by 139.4% in the third quarter. Jane Street Group LLC now owns 302,388 shares of the real estate investment trust's stock worth $2,779,000 after acquiring an additional 176,101 shares in the last quarter. Barclays PLC grew its position in shares of Apollo Commercial Real Estate Finance by 65.9% during the third quarter. Barclays PLC now owns 329,462 shares of the real estate investment trust's stock worth $3,028,000 after buying an additional 130,892 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Apollo Commercial Real Estate Finance in the fourth quarter worth $578,000. Vanguard Group Inc. raised its holdings in Apollo Commercial Real Estate Finance by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 15,236,601 shares of the real estate investment trust's stock valued at $131,949,000 after acquiring an additional 135,785 shares in the last quarter. Finally, Atria Wealth Solutions Inc. grew its holdings in Apollo Commercial Real Estate Finance by 168.7% during the 4th quarter. Atria Wealth Solutions Inc. now owns 73,992 shares of the real estate investment trust's stock worth $641,000 after acquiring an additional 46,458 shares in the last quarter. Institutional investors and hedge funds 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.