Apollo Commercial Real Estate Finance (NYSE:ARI) Price Target Cut to $8.75 by Analysts at Keefe, Bruyette & Woods

Apollo Commercial Real Estate Finance (NYSE:ARI) had its price target dropped by analysts at Keefe, Bruyette & Woods from $9.00 to $8.75 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “market perform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential downside of 0.79% from the stock’s current price.

A number of other brokerages also recently commented on ARI. JPMorgan Chase & Co. cut their price objective on shares of Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating for the company in a research report on Thursday, October 17th. StockNews.com downgraded shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a research report on Monday. Finally, UBS Group cut their target price on Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a “neutral” rating on the stock in a research note on Friday, November 15th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat.com, Apollo Commercial Real Estate Finance currently has a consensus rating of “Hold” and a consensus target price of $9.31.

Apollo Commercial Real Estate Finance Trading Up 2.4 %

ARI stock traded up $0.21 during trading on Tuesday, reaching $8.82. 258,442 shares of the stock were exchanged, compared to its average volume of 783,527. Apollo Commercial Real Estate Finance has a 1 year low of $8.44 and a 1 year high of $11.97. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of -9.59 and a beta of 1.74. The business has a 50 day moving average price of $9.05 and a 200-day moving average price of $9.55. The company has a current ratio of 46.13, a quick ratio of 46.13 and a debt-to-equity ratio of 0.67.

Institutional Trading of Apollo Commercial Real Estate Finance

A number of institutional investors have recently modified their holdings of ARI. Future Financial Wealth Managment LLC bought a new stake in shares of Apollo Commercial Real Estate Finance during the 3rd quarter valued at about $44,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Apollo Commercial Real Estate Finance during the second quarter valued at approximately $59,000. KBC Group NV increased its position in shares of Apollo Commercial Real Estate Finance by 57.7% during the third quarter. KBC Group NV now owns 7,002 shares of the real estate investment trust’s stock valued at $64,000 after acquiring an additional 2,562 shares during the last quarter. Quest Partners LLC increased its position in Apollo Commercial Real Estate Finance by 7,689.4% in the second quarter. Quest Partners LLC now owns 9,581 shares of the real estate investment trust’s stock worth $94,000 after buying an additional 9,458 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in Apollo Commercial Real Estate Finance in the third quarter worth $1,130,000. 54.43% of the stock is currently owned by institutional investors.

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.