Apollo Commercial Real Estate Finance (NYSE:ARI) Price Target Raised to $10.00

Apollo Commercial Real Estate Finance (NYSE:ARI) had its price objective increased by analysts at UBS Group from $9.00 to $10.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. UBS Group’s target price indicates a potential upside of 0.25% from the company’s previous close.

Other research analysts have also issued research reports about the company. StockNews.com raised Apollo Commercial Real Estate Finance from a “sell” rating to a “hold” rating in a report on Saturday, February 15th. Keefe, Bruyette & Woods cut their price target on shares of Apollo Commercial Real Estate Finance from $9.00 to $8.75 and set a “market perform” rating for the company in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $9.44.

Apollo Commercial Real Estate Finance Stock Performance

Shares of ARI traded up $0.17 during mid-day trading on Tuesday, hitting $9.98. The stock had a trading volume of 117,077 shares, compared to its average volume of 932,745. Apollo Commercial Real Estate Finance has a 52 week low of $8.44 and a 52 week high of $11.64. 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 business has a fifty day moving average price of $9.13 and a 200-day moving average price of $9.32. The firm has a market cap of $1.39 billion, a P/E ratio of -10.50 and a beta of 1.74.

Apollo Commercial Real Estate Finance (NYSE:ARI) last announced its quarterly earnings data 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 research analysts expect that Apollo Commercial Real Estate Finance will post 0.63 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its position in shares of Apollo Commercial Real Estate Finance by 327.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,045 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 2,332 shares in the last quarter. Sterling Capital Management LLC lifted its position in Apollo Commercial Real Estate Finance by 783.8% during the 4th quarter. Sterling Capital Management LLC now owns 4,366 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 3,872 shares during the period. CF Capital LLC purchased a new position in Apollo Commercial Real Estate Finance during the 4th quarter valued at about $52,000. KBC Group NV increased its stake 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 purchasing an additional 2,562 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased 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 hedge funds and other institutional investors.

Apollo Commercial Real Estate Finance Company Profile

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.