Bank of America Reiterates “Neutral” Rating for Apollo Commercial Real Estate Finance (NYSE:ARI)

Apollo Commercial Real Estate Finance (NYSE:ARIGet Rating)‘s stock had its “neutral” rating reaffirmed by investment analysts at Bank of America in a report issued on Monday, The Fly reports. They currently have a $12.00 price target on the real estate investment trust’s stock. Bank of America‘s price target suggests a potential upside of 0.25% from the company’s current price.

A number of other equities research analysts also recently commented on the stock. StockNews.com assumed coverage on shares of Apollo Commercial Real Estate Finance in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Credit Suisse Group reduced their price objective on shares of Apollo Commercial Real Estate Finance to $11.00 in a research report on Thursday, October 13th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Apollo Commercial Real Estate Finance from $11.00 to $9.50 and set an “underweight” rating for the company in a research report on Monday, October 24th.

Apollo Commercial Real Estate Finance Stock Performance

NYSE ARI opened at $11.97 on Monday. The company has a quick ratio of 22.02, a current ratio of 22.02 and a debt-to-equity ratio of 0.62. Apollo Commercial Real Estate Finance has a 52-week low of $7.91 and a 52-week high of $14.55. The business’s 50-day moving average price is $10.42 and its 200 day moving average price is $11.24. The firm has a market cap of $1.68 billion, a P/E ratio of 6.37 and a beta of 1.54.

Insider Activity

In related news, CEO Stuart Rothstein purchased 15,000 shares of Apollo Commercial Real Estate Finance stock in a transaction dated Monday, November 7th. The stock was bought at an average cost of $11.18 per share, for a total transaction of $167,700.00. Following the transaction, the chief executive officer now owns 452,676 shares in the company, valued at $5,060,917.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.73% of the company’s stock.

Institutional Investors Weigh In On Apollo Commercial Real Estate Finance

Hedge funds and other institutional investors have recently modified their holdings of the stock. Meeder Asset Management Inc. purchased a new position in shares of Apollo Commercial Real Estate Finance during the 1st quarter worth approximately $31,000. CWM LLC increased its stake in shares of Apollo Commercial Real Estate Finance by 100.9% during the 2nd quarter. CWM LLC now owns 2,475 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 1,243 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Apollo Commercial Real Estate Finance by 721.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 4,310 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 3,785 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new position in shares of Apollo Commercial Real Estate Finance during the 3rd quarter worth approximately $42,000. Finally, EMC Capital Management increased its stake in shares of Apollo Commercial Real Estate Finance by 51.2% during the 2nd quarter. EMC Capital Management now owns 6,140 shares of the real estate investment trust’s stock worth $64,000 after purchasing an additional 2,080 shares in the last quarter. 55.57% of the stock is currently owned by institutional investors and hedge funds.

Apollo Commercial Real Estate Finance Company Profile

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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. It is qualified as a REIT under the Internal Revenue Code.

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