Research coverage on Apollo Commercial Real Estate Finance was presented for the first time this past Thursday as a note by StockNews.com (NYSE: ARI).
The brokerage firm gave the shares of the real estate investment trust a “hold” rating, indicating that they should be kept in one’s portfolio.
On Thursday, the opening price of a share of ARI was $9.32.
Trading for the day began at that time.
The company’s market capitalization is currently sitting at $1.32 billion, its price-to-earnings ratio stands at 5.86, and its beta stands at 1.61.
A debt-to-equity ratio comes in at 0.63; a quick ratio at 36.70; a current ratio at 36.70; and a quick ratio at 36.70.
The price of the stock’s moving average over the past 50 days is $11.54; over the past 200 days, it has been $11.13, respectively.
During the last 52 weeks, the price of Apollo Commercial Real Estate Finance has fluctuated between $7.91 and $14.55, with a price point of $7.91 representing an all-time low.
In addition, several other equity research professionals have provided their perspectives on the stock and their estimates of its current worth.
The beginning of coverage of Apollo Commercial Real Estate Financing shares by the financial institution Bank of America (Bofa) came in the form of a research note released on November 22 and published by Bofa.
They gave the stock a “neutral” rating and decided that the share price should reach a price objective of $12.00.
Bank of America kept its “neutral” rating on Apollo Commercial Real Estate Finance shares and set a price objective of $12.00 for the company’s stock in a research note published on Monday, November 21.
The research note also stated that the firm has a price objective of $12.00.
There has been a shift in the percentage of hedge funds and other institutional investors’ holdings in the company’s stock over the most recent few months.
The percentage of Apollo Commercial Real Estate Finance stock that Financial Advocates Investment Management owned at the end of 2018 increased by 66.7% thanks to the firm’s investments over the past three months. Following acquiring an additional 120,051 shares during this period, Financial Advocates Investment Management now holds 299,972 shares of the real estate investment trust, with a combined value of $3,228,000.
Point72 Middle East FZE invested 106,000 dollars over the final three months of 2018 in a new position with Apollo Commercial Real Estate Financing.
During the fourth quarter of 2018, CI Private Wealth LLC contributed approximately 130,000 dollars to Apollo Commercial Real Estate Finance.
An 11.7% increase in the proportion of Apollo Commercial Real Estate Finance stock that is owned by Metropolitan Life Insurance Company of New York was accomplished during the company’s fourth fiscal quarter.
As a result of the purchase of 907 additional shares during the most recent fiscal quarter, the Metropolitan Life Insurance Company of New York now has a total of 8,666 shares of the real estate investment trust in its possession.
The current market value of these shares is $93,000.
In addition, during the fourth quarter of 2018, the Treasury Department of the State of Tennessee increased its holdings in Apollo Commercial Real Estate Finance by 2.1%.
The Treasury Department of the State of Tennessee now has 93,382 real estate investment trust shares following the purchase of an additional 1,955 shares during the most recent quarter.
The shares are now valued at $1,000,000 because they were purchased during the most recent quarter.
Institutional investors and hedge funds hold 54.57% of the total shares outstanding in the company.
These investors are known as “large shareholders.”
Apollo Commercial Real Estate Finance, INC, a company that operates in this capacity as a service provider, provides real estate investment trusts.
In addition to other kinds of loans and debt, it offers solutions for senior loans, subordinate debt, bridging loans, and preferred equity.
This business began operations on June 29, 2009, and its headquarters are in New York City, which is in the same state.