JPMorgan Chase & Co. Downgrades Apollo Commercial Real Estate Finance (NYSE:ARI) to Underweight

Apollo Commercial Real Estate Finance (NYSE:ARI – Get Rating) was downgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a note issued to investors on Tuesday, The Fly reports.

Separately, Credit Suisse Group decreased their target price on Apollo Commercial Real Estate Finance to $13.00 in a research note on Friday, July 22nd.

Apollo Commercial Real Estate Finance Stock Down 0.7%

Shares of ARI stock opened at $11.29 on Tuesday. The company has a debt-to-equity ratio of 3.09, a current ratio of 38.24 and a quick ratio of 38.25. The stock has a market cap of $1.59 billion, a P/E ratio of 9.99 and a beta of 1.35. Apollo Commercial Real Estate Finance has a one year low of $9.41 and a one year high of $15.98. The stock has a fifty day moving average price of $11.73 and a 200 day moving average price of $12.44.

Apollo Commercial Real Estate Finance (NYSE:ARI – Get Rating) last announced its quarterly earnings data on Tuesday, July 26th. The real estate investment trust reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.09. Apollo Commercial Real Estate Finance had a return on equity of 8.22% and a net margin of 71.47%. During the same period last year, the business earned $0.38 earnings per share. Analysts predict that Apollo Commercial Real Estate Finance will post 1.29 earnings per share for the current year.

Institutional Investors Weigh In On Apollo Commercial Real Estate Finance

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A number of institutional investors have recently made changes to their positions in ARI. Profund Advisors LLC increased its position in Apollo Commercial Real Estate Finance by 23.9% during the first quarter. Profund Advisors LLC now owns 18,570 shares of the real estate investment trust’s stock worth $259,000 after acquiring an additional 3,581 shares during the period. Public Employees Retirement Association of Colorado bought a new position in shares of Apollo Commercial Real Estate Finance in the fourth quarter worth $491,000. Campbell & CO Investment Adviser LLC raised its stake in Apollo Commercial Real Estate Finance by 84.6% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 27,500 shares of the real estate investment trust’s stock valued at $362,000 after purchasing an additional 12,600 shares in the last quarter. SG Americas Securities LLC increased its holdings in Apollo Commercial Real Estate Finance by 557.8% in the 1st quarter. SG Americas Securities LLC now owns 50,164 shares of the real estate investment trust’s stock valued at $699,000 after buying an additional 42,538 shares during the period. Finally, Camden Capital LLC acquired a new stake in Apollo Commercial Real Estate Finance in the first quarter valued at about $525,000. Institutional investors own 55.57% of the company’s stock.

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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