A
pollo Commercial Real Estate Finance (NYSE:ARI) received a "hold" rating from StockNews.com, upgrading it from a "sell" rating. Other brokerages have also issued reports on ARI, including Keefe, Bruyette & Woods, JPMorgan Chase & Co., and UBS Group, which dropped their target prices and set neutral ratings.
According to MarketBeat.com, the stock has an average rating of "hold" with an average target price of $9.31. Shares of NYSE:ARI opened at $9.03 on Tuesday, with a market cap of $1.25 billion and a P/E ratio of -9.81.
Institutional investors have been modifying their holdings in the company, including Envestnet Asset Management Inc., Hsbc Holdings PLC, and Public Sector Pension Investment Board, which increased their stakes in the second quarter.
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 debt-to-equity ratio of 0.67, a current ratio of 46.13, and a quick ratio of 46.13. Its stock has a 1-year low of $8.44 and a 1-year high of $11.97, with a fifty-day moving average price of $9.03 and a 200-day moving average price of $9.52.
Institutional investors own 54.43% of the company's stock.
