Apollo Commercial Real Estate Finance (NYSE:ARI) Lowered to “Sell” Rating by StockNews.com

Apollo Commercial Real Estate Finance (NYSE:ARI) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Monday.

Several other research analysts have also recently issued reports on the company. BTIG Research began coverage on Apollo Commercial Real Estate Finance in a research report on Friday, July 19th. They issued a “neutral” rating for the company. JPMorgan Chase & Co. dropped their price target on 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. 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 has a consensus rating of “Hold” and an average target price of $9.88.

Apollo Commercial Real Estate Finance Stock Performance

Shares of ARI stock traded up $0.20 during trading hours on Monday, hitting $8.98. The stock had a trading volume of 2,191,963 shares, compared to its average volume of 947,614. The firm has a market capitalization of $1.24 billion, a PE ratio of -9.76, a PEG ratio of 1.47 and a beta of 1.75. Apollo Commercial Real Estate Finance has a twelve month low of $8.52 and a twelve month high of $12.74. The stock’s 50 day moving average is $9.39 and its 200 day moving average is $9.94. The company has a debt-to-equity ratio of 0.67, a current ratio of 46.13 and a quick ratio of 54.21.

Insider Activity

In other news, Director Scott Prince sold 4,935 shares of Apollo Commercial Real Estate Finance stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $10.12, for a total value of $49,942.20. Following the transaction, the director now directly owns 81,154 shares of the company’s stock, valued at $821,278.48. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.68% of the company’s stock.

Hedge Funds Weigh In On Apollo Commercial Real Estate Finance

Several hedge funds and other institutional investors have recently bought and sold shares of ARI. Private Advisor Group LLC raised its position in shares of Apollo Commercial Real Estate Finance by 73.2% during the first quarter. Private Advisor Group LLC now owns 39,901 shares of the real estate investment trust’s stock worth $444,000 after purchasing an additional 16,862 shares during the period. Diversify Advisory Services LLC bought a new stake in Apollo Commercial Real Estate Finance during the 1st quarter valued at approximately $169,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Apollo Commercial Real Estate Finance by 11.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 789,761 shares of the real estate investment trust’s stock valued at $8,798,000 after purchasing an additional 78,833 shares during the period. BNP Paribas Financial Markets boosted its stake in 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 valued at $789,000 after purchasing an additional 30,540 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S raised its holdings in Apollo Commercial Real Estate Finance by 20.9% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 182,895 shares of the real estate investment trust’s stock valued at $2,037,000 after acquiring an additional 31,572 shares in the last quarter. 54.43% of the stock is owned by institutional investors and hedge funds.

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.