Apollo Commercial Real Estate Finance (NYSE:ARI) Price Target Raised to $11.00 at JPMorgan Chase & Co.

Apollo Commercial Real Estate Finance (NYSE:ARI - Get Free Report) had its price target hoisted by equities researchers at JPMorgan Chase & Co. from $10.50 to $11.00 in a report released on Monday,Benzinga reports. The brokerage currently has an "overweight" rating on the real estate investment trust's stock. JPMorgan Chase & Co.'s price objective points to a potential upside of 13.68% from the stock's current price.ARI has been the topic of a number of other research reports. Weiss Ratings downgraded Apollo Commercial Real Estate Finance from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, October 24th. Zacks Research cut shares of Apollo Commercial Real Estate Finance from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 16th. Keefe, Bruyette & Woods raised their price objective on shares of Apollo Commercial Real Estate Finance from $10.75 to $11.00 and gave the company an "outperform" rating in a research report on Thursday, October 9th. Finally, UBS Group lifted their price objective on shares of Apollo Commercial Real Estate Finance from $10.00 to $10.50 and gave the stock a "neutral" rating in a research note on Tuesday, July 15th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Apollo Commercial Real Estate Finance presently has an average rating of "Hold" and an average target price of $10.88.View Our Latest Analysis on ARIApollo Commercial Real Estate Finance Price PerformanceNYSE:ARI traded down $0.11 during midday trading on Monday, hitting $9.68. 118,033 shares of the stock were exchanged, compared to its average volume of 1,065,657. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 10.89, a P/E/G ratio of 0.56 and a beta of 1.60. The company has a current ratio of 90.32, a quick ratio of 90.32 and a debt-to-equity ratio of 0.66. Apollo Commercial Real Estate Finance has a one year low of $7.70 and a one year high of $11.11. The business has a 50-day moving average price of $10.35 and a two-hundred day moving average price of $9.95. Insider Buying and Selling at Apollo Commercial Real Estate FinanceIn related news, CEO Stuart Rothstein sold 52,073 shares of the company's stock in a transaction on Monday, September 15th. The shares were sold at an average price of $10.78, for a total transaction of $561,346.94. Following the completion of the sale, the chief executive officer directly owned 281,781 shares of the company's stock, valued at approximately $3,037,599.18. This represents a 15.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.68% of the company's stock. Institutional Inflows and OutflowsA number of large investors have recently modified their holdings of ARI. Private Advisor Group LLC increased its holdings in Apollo Commercial Real Estate Finance by 4.2% in the 1st quarter. Private Advisor Group LLC now owns 26,453 shares of the real estate investment trust's stock valued at $253,000 after buying an additional 1,078 shares during the period. CWM LLC lifted its stake in Apollo Commercial Real Estate Finance by 39.2% during the first quarter. CWM LLC now owns 3,858 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 1,087 shares during the period. Amalgamated Bank boosted its holdings in Apollo Commercial Real Estate Finance by 3.2% during the third quarter. Amalgamated Bank now owns 38,257 shares of the real estate investment trust's stock valued at $388,000 after purchasing an additional 1,182 shares in the last quarter. Signaturefd LLC grew its stake in shares of Apollo Commercial Real Estate Finance by 55.6% in the 2nd quarter. Signaturefd LLC now owns 4,059 shares of the real estate investment trust's stock valued at $39,000 after purchasing an additional 1,451 shares during the period. Finally, MAS Advisors LLC raised its holdings in shares of Apollo Commercial Real Estate Finance by 3.6% in the 2nd quarter. MAS Advisors LLC now owns 41,516 shares of the real estate investment trust's stock worth $402,000 after buying an additional 1,455 shares in the last quarter. 54.43% of the stock is currently owned by institutional investors and hedge funds. Apollo Commercial Real Estate Finance Company Profile (Get Free Report)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.See AlsoFive stocks we like better than Apollo Commercial Real Estate FinanceMarket Cap Calculator: How to Calculate Market CapQ3 Telecom Wars: How AT&T, TMUS and VZ Stack Up After the ResultsWhat is Forex and How Does it Work? Boeing Closes in on Airbus With Best Delivery Quarter Since 2018Consumer Staples Stocks, ExplainedPut It on My Card: Why Luxury Brands and Payments Firms Pair WellThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. 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