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

JPMorgan Chase & Co. has raised its price target for Apollo Commercial Real Estate Finance (NYSE: ARI) from $10.50 to $11.00, maintaining an "overweight" rating. This new target suggests a potential upside of 13.68% from the current stock price. Other analysts have mixed ratings, with three recommending a Buy, three a Hold, and one a Sell. The stock is currently trading at $9.68, with a market cap of $1.34 billion. Recent insider trading shows CEO Stuart Rothstein sold 52,073 shares, reducing his stake by 15.60%.

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 ARI

Apollo Commercial Real Estate Finance Price Performance

NYSE: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 Finance

In 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 Outflows

A 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.

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