JPMorgan Chase & Co. Cuts Apollo Commercial Real Estate Finance (NYSE:ARI) Price Target to $8.50

Apollo Commercial Real Estate Finance (NYSE:ARI) had its target price lowered by research analysts at JPMorgan Chase & Co. from $9.50 to $8.50 in a report issued on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s target price suggests a potential downside of 5.35% from the company’s current price.

Separately, BTIG Research started coverage on Apollo Commercial Real Estate Finance in a report on Friday, July 19th. They issued a “neutral” rating for the company. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $9.88.

Apollo Commercial Real Estate Finance Stock Performance

NYSE:ARI traded down $0.01 during trading on Thursday, reaching $8.98. The company’s stock had a trading volume of 277,451 shares, compared to its average volume of 908,116. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of -11.50, a price-to-earnings-growth ratio of 1.93 and a beta of 1.75. The firm has a 50 day moving average of $9.74 and a 200-day moving average of $10.13. The company has a debt-to-equity ratio of 0.63, a quick ratio of 54.21 and a current ratio of 54.21. Apollo Commercial Real Estate Finance has a 12 month low of $8.52 and a 12 month high of $12.74.

Insider Activity at Apollo Commercial Real Estate Finance

In other Apollo Commercial Real Estate Finance news, Director Scott Prince sold 4,935 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $10.12, for a total transaction of $49,942.20. Following the transaction, the director now directly owns 81,154 shares in the company, valued at $821,278.48. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.68% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ARI. AQR Capital Management LLC boosted its holdings in Apollo Commercial Real Estate Finance by 1.8% during the 2nd quarter. AQR Capital Management LLC now owns 59,621 shares of the real estate investment trust’s stock valued at $584,000 after acquiring an additional 1,039 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of Apollo Commercial Real Estate Finance by 1.7% during the second quarter. Louisiana State Employees Retirement System now owns 65,800 shares of the real estate investment trust’s stock valued at $644,000 after purchasing an additional 1,100 shares during the period. PFG Investments LLC grew its holdings in shares of Apollo Commercial Real Estate Finance by 3.4% in the second quarter. PFG Investments LLC now owns 47,232 shares of the real estate investment trust’s stock worth $462,000 after purchasing an additional 1,550 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Apollo Commercial Real Estate Finance by 10.3% in the first quarter. SG Americas Securities LLC now owns 17,711 shares of the real estate investment trust’s stock worth $197,000 after buying an additional 1,653 shares during the period. Finally, ProShare Advisors LLC raised its holdings in Apollo Commercial Real Estate Finance by 7.5% during the 1st quarter. ProShare Advisors LLC now owns 28,386 shares of the real estate investment trust’s stock valued at $316,000 after buying an additional 1,985 shares during the last quarter. 54.43% of the stock is owned by 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.