Apollo Commercial Real Estate Finance (NYSE:ARI) Earns Neutral Rating from Analysts at Bank Of America (Bofa)

Investment analysts at Bank Of America (Bofa) started coverage on shares of Apollo Commercial Real Estate Finance (NYSE:ARI – Get Rating) in a note issued to investors on Tuesday. The brokerage set a “neutral” rating and a $12.00 price target on the real estate investment trust’s stock. Bank Of America (Bofa)’s price objective would indicate a potential upside of 0.76% from the stock’s current price.

Several other research firms have also issued reports on ARI. Credit Suisse Group reduced their target price on Apollo Commercial Real Estate Finance to $11.00 in a report on Thursday, October 13th. StockNews.com started coverage on Apollo Commercial Real Estate Finance in a report on Wednesday, October 12th. They set a “hold” rating for the company. Bank of America reissued a “neutral” rating and set a $12.00 price objective on shares of Apollo Commercial Real Estate Finance in a report on Monday. Finally, JPMorgan Chase & Co. dropped their target price on Apollo Commercial Real Estate Finance from $11.00 to $9.50 and set an “underweight” rating on the stock in a research report on Monday, October 24th.

Apollo Commercial Real Estate Finance Stock Performance

Shares of ARI opened at $11.91 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 22.02 and a current ratio of 22.02. The stock has a 50 day moving average price of $10.40 and a two hundred day moving average price of $11.24. The firm has a market capitalization of $1.67 billion, a P/E ratio of 6.34 and a beta of 1.54. Apollo Commercial Real Estate Finance has a 52 week low of $7.91 and a 52 week high of $14.55.

Insiders Activity

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

Institutional Trading of Apollo Commercial Real Estate Finance

Several large investors have recently modified their holdings of ARI. CWM LLC lifted its holdings in Apollo Commercial Real Estate Finance by 100.9% in the second quarter. CWM LLC now owns 2,475 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 1,243 shares during the period. Meeder Asset Management Inc. purchased a new stake in Apollo Commercial Real Estate Finance in the first quarter worth about $31,000. Newbridge Financial Services Group Inc. purchased a new stake in Apollo Commercial Real Estate Finance in the third quarter worth about $42,000. Geneos Wealth Management Inc. lifted its holdings in Apollo Commercial Real Estate Finance by 721.0% in the first quarter. Geneos Wealth Management Inc. now owns 4,310 shares of the real estate investment trust’s stock worth $60,000 after buying an additional 3,785 shares during the period. Finally, EMC Capital Management lifted its holdings in Apollo Commercial Real Estate Finance by 51.2% in the second quarter. EMC Capital Management now owns 6,140 shares of the real estate investment trust’s stock worth $64,000 after buying an additional 2,080 shares during the period. 55.57% of the stock is owned by institutional investors.

About Apollo Commercial Real Estate Finance

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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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