Apollo Commercial Real Estate Finance (NYSE:ARI – Get Rating)‘s stock had its “neutral” rating reiterated by equities research analysts at BTIG Research in a research note issued to investors on Tuesday, Stock Target Advisor reports.
Several other research firms have also issued reports on ARI. Keefe, Bruyette & Woods dropped their price target on shares of Apollo Commercial Real Estate Finance from $11.50 to $10.00 and set a “market perform” rating on the stock in a research report on Thursday, April 13th. JPMorgan Chase & Co. dropped their target price on shares of Apollo Commercial Real Estate Finance from $11.00 to $9.00 in a report on Monday. Finally, StockNews.com began coverage on Apollo Commercial Real Estate Finance in a research report on Thursday, March 16th. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $10.80.
Apollo Commercial Real Estate Finance Stock Performance
Shares of ARI stock opened at $9.36 on Tuesday. The company’s fifty day simple moving average is $10.11 and its 200-day simple moving average is $10.88. The company has a quick ratio of 36.70, a current ratio of 36.70 and a debt-to-equity ratio of 0.63. The firm has a market cap of $1.32 billion, a PE ratio of 5.89 and a beta of 1.59. Apollo Commercial Real Estate Finance has a 12 month low of $7.91 and a 12 month high of $13.34.
Institutional Investors Weigh In On Apollo Commercial Real Estate Finance
A number of institutional investors have recently modified their holdings of the business. Wedbush Securities Inc. acquired a new position in shares of Apollo Commercial Real Estate Finance during the 4th quarter worth approximately $204,000. All Season Financial Advisors Inc. raised its holdings in Apollo Commercial Real Estate Finance by 4.6% in the 3rd quarter. All Season Financial Advisors Inc. now owns 31,013 shares of the real estate investment trust’s stock valued at $257,000 after acquiring an additional 1,371 shares in the last quarter. Jenkins Wealth acquired a new stake in shares of Apollo Commercial Real Estate Finance during the 4th quarter worth $652,000. Prudential Financial Inc. grew its holdings in shares of Apollo Commercial Real Estate Finance by 0.9% during the 3rd quarter. Prudential Financial Inc. now owns 373,737 shares of the real estate investment trust’s stock worth $4,051,000 after purchasing an additional 3,480 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its position in shares of Apollo Commercial Real Estate Finance by 103.9% in the third quarter. Teacher Retirement System of Texas now owns 45,616 shares of the real estate investment trust’s stock worth $379,000 after purchasing an additional 23,249 shares during the period. Institutional investors own 54.57% of the company’s stock.
About Apollo Commercial Real Estate Finance
Apollo Commercial Real Estate Finance, Inc engages in the provision of real estate investment trust. It offers loan programs that include senior loans, subordinate debt, bridge loans, and preferred equity. The company was founded on June 29, 2009 and is headquartered in New York, NY.
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