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 reduced by UBS Group from $10.00 to $9.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. UBS Group’s price target indicates a potential upside of 9.08% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. StockNews.com raised Apollo Commercial Real Estate Finance from a “hold” rating to a “buy” rating in a report on Tuesday. Keefe, Bruyette & Woods upgraded shares of Apollo Commercial Real Estate Finance from a “market perform” rating to an “outperform” rating and set a $10.00 target price for the company in a research note on Monday, April 7th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Apollo Commercial Real Estate Finance from $9.50 to $8.00 and set a “neutral” rating on the stock in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $9.00.

Apollo Commercial Real Estate Finance Stock Performance

NYSE ARI traded down $0.09 during trading hours on Wednesday, hitting $8.25. The company had a trading volume of 128,862 shares, compared to its average volume of 1,079,874. The company has a market cap of $1.15 billion, a PE ratio of -8.66 and a beta of 1.41. The company has a debt-to-equity ratio of 0.67, a quick ratio of 51.19 and a current ratio of 51.19. Apollo Commercial Real Estate Finance has a 1-year low of $7.70 and a 1-year high of $11.20. The business has a 50 day moving average of $9.55 and a 200-day moving average of $9.17.

Apollo Commercial Real Estate Finance (NYSE:ARI) last issued its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.07. Apollo Commercial Real Estate Finance had a negative net margin of 39.40% and a positive return on equity of 9.37%. As a group, equities research analysts expect that Apollo Commercial Real Estate Finance will post 0.63 EPS for the current year.

Insider Activity at Apollo Commercial Real Estate Finance

In related news, Director Carmencita N.M. Whonder sold 11,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $9.96, for a total transaction of $109,560.00. Following the transaction, the director now owns 9,624 shares of the company’s stock, valued at approximately $95,855.04. This represents a 53.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Stuart Rothstein sold 52,074 shares of Apollo Commercial Real Estate Finance stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $9.99, for a total transaction of $520,219.26. Following the completion of the sale, the chief executive officer now directly owns 385,928 shares of the company’s stock, valued at $3,855,420.72. The trade was a 11.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. AlphaCore Capital LLC lifted its stake in shares of Apollo Commercial Real Estate Finance by 2.8% in the 4th quarter. AlphaCore Capital LLC now owns 41,119 shares of the real estate investment trust’s stock valued at $366,000 after purchasing an additional 1,118 shares in the last quarter. Versant Capital Management Inc increased its holdings in Apollo Commercial Real Estate Finance by 57.9% during the 1st quarter. Versant Capital Management Inc now owns 3,425 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,256 shares during the last quarter. Inspire Investing LLC increased its stake in shares of Apollo Commercial Real Estate Finance by 3.0% in the fourth quarter. Inspire Investing LLC now owns 46,143 shares of the real estate investment trust’s stock worth $400,000 after buying an additional 1,364 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of Apollo Commercial Real Estate Finance by 4.5% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 44,663 shares of the real estate investment trust’s stock worth $387,000 after purchasing an additional 1,906 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in Apollo Commercial Real Estate Finance by 0.8% during the 4th quarter. LPL Financial LLC now owns 278,588 shares of the real estate investment trust’s stock worth $2,413,000 after buying an additional 2,164 shares during the last quarter. 54.43% of the stock is currently 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.