realestate

Apollo Commercial Real Estate Finance Upgrade to Buy by StockNews.com

StockNews.com upgrades Apollo Commercial Real Estate Finance to "hold" rating.

A
pollo Commercial Real Estate Finance (ARI) was upgraded by StockNews.com from a "sell" rating to a "hold" rating on Tuesday. Other analysts have also weighed in on the company, with JPMorgan Chase & Co. lowering its price target from $9.50 to $8.50 and setting a "neutral" rating, while UBS Group dropped its target price from $10.00 to $9.50 and maintained a "neutral" rating.

    Five analysts have assigned a hold rating to ARI's stock, with an average rating of "hold" and a consensus price target of $9.63. The company's shares traded down 1.1% on Tuesday, reaching $8.66.

    Institutional investors have been active in the stock, with Bank of New York Mellon Corp increasing its stake by 1.9% in the second quarter and Luxor Capital Group LP acquiring a new position worth $7.3 million. Other notable investors include Hotchkis & Wiley Capital Management LLC, Advisors Asset Management Inc., and Cetera Investment Advisers.

    Apollo Commercial Real Estate Finance 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. The company has a market cap of $1.2 billion and a P/E ratio of -9.41.

    Institutional investors own 54.43% of the stock, with notable positions held by Bank of New York Mellon Corp, Luxor Capital Group LP, Hotchkis & Wiley Capital Management LLC, Advisors Asset Management Inc., and Cetera Investment Advisers.

Stock analysts upgrade Apollo Commercial Real Estate Finance to 'Buy' rating.