UBS Group Has Lowered Expectations for Apollo Commercial Real Estate Finance (NYSE:ARI) Stock Price

Apollo Commercial Real Estate Finance (NYSE:ARI) had its price target decreased by equities researchers at UBS Group from $10.00 to $9.50 in a report released on Friday,Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. UBS Group’s price objective indicates a potential upside of 4.51% from the company’s previous close.

Several other research firms also recently weighed in on ARI. JPMorgan Chase & Co. decreased their price target on shares of Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating on the stock in a research note 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 note on Monday, November 4th. Finally, BTIG Research started coverage on shares of Apollo Commercial Real Estate Finance in a research note on Friday, July 19th. They issued a “neutral” rating on the stock. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $9.63.

Apollo Commercial Real Estate Finance Price Performance

Shares of NYSE:ARI traded down $0.02 during midday trading on Friday, hitting $9.09. The company’s stock had a trading volume of 184,540 shares, compared to its average volume of 949,785. The business’s 50 day simple moving average is $9.20 and its 200 day simple moving average is $9.87. The company has a debt-to-equity ratio of 0.67, a quick ratio of 46.13 and a current ratio of 46.13. The company has a market cap of $1.26 billion, a P/E ratio of -9.88 and a beta of 1.75. Apollo Commercial Real Estate Finance has a 12-month low of $8.52 and a 12-month high of $12.74.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its stake in shares of Apollo Commercial Real Estate Finance by 75.8% during the 1st quarter. BNP Paribas Financial Markets now owns 70,810 shares of the real estate investment trust’s stock worth $789,000 after purchasing an additional 30,540 shares during the period. Texas Permanent School Fund Corp grew its stake in shares of Apollo Commercial Real Estate Finance by 1.9% during the 1st quarter. Texas Permanent School Fund Corp now owns 114,413 shares of the real estate investment trust’s stock worth $1,275,000 after purchasing an additional 2,117 shares during the period. SG Americas Securities LLC grew its stake in shares of Apollo Commercial Real Estate Finance by 10.3% during the 1st quarter. SG Americas Securities LLC now owns 17,711 shares of the real estate investment trust’s stock worth $197,000 after purchasing an additional 1,653 shares during the period. Sei Investments Co. grew its stake in Apollo Commercial Real Estate Finance by 17.1% in the 1st quarter. Sei Investments Co. now owns 71,326 shares of the real estate investment trust’s stock valued at $795,000 after acquiring an additional 10,406 shares during the last quarter. Finally, ProShare Advisors LLC grew its stake in Apollo Commercial Real Estate Finance by 7.5% in the 1st quarter. ProShare Advisors LLC now owns 28,386 shares of the real estate investment trust’s stock valued at $316,000 after acquiring an additional 1,985 shares during 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.