Apollo Commercial Real Estate (NYSE:ARI) Wins Market Perform Rating for Underperform from Wells Fargo

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Wells Fargo Analyst Rating Change Apollo Commercial Real Estate NYSE:ARI

Apollo Commercial Real Estate (NYSE:ARI) Upgrade of Rating

In an analyst note issued to clients and investors on Thursday, 13 October, Wells Fargo stated it was upgrading Apollo Commercial Real Estate (NYSE:ARI) stock from a Underperform to a Market Perform.

Despite the stock upgrade NYSE:ARI is right now trading -0.64% lower at $15.58 as of 04:23 New York time. Apollo Commercial Real Estate shares have decreased -8.04% over the last 200 days, while the S&P500 has surged 4.02% for the same time period.

Out of 7 brokers covering Apollo Commercial Real Estate, 3 rate it a Buy, 5 indicate a Hold while 0 suggest a Sell. The highest target is $18 and the lowest is $15 according to Thomson/First Call. The 12-month mean target is $16.93, which means upside potential of 8.66% over the current price.

NYSE:ARI Price Chart & Trend

The stock price of Apollo Commercial Real Estate declined 8.04% over the last 200 days, and is in unsteady down trend. In the last 50 and 100 days, Apollo Commercial Real Estate is up 2.39% and up 1.59%, respectively. Our stocks momentum model is shown on the price chart below. Apollo Commercial Real Estate (NYSE:ARI) Wins Market Perform Rating for Underperform from Wells Fargo

Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models

Institutional Ownership

Wesley Capital Management Llc had the largest stake with ownership of 711,800 shares as of q2 2015 for 8.81% of the long stock exposure. Orinda Asset Management Llc is another bull as the fund who is owning 307,138 shares of Apollo Commercial Real Estate or 5.69% of their long stock exposure. Also, Trust & Fiduciary Management Services Inc have 4.36% of their long stock exposure invested in the company for 551,286 shares. The Connecticut-based fund Forum Securities Ltd disclosed it had bought a stake worth about 2.49% of the fund’s stock portfolio in Apollo Commercial Real Estate. The Illinois-based fund Cloud Gate Capital Llc is also positive about the stock, possessing 185,889 shares or 2.25% of their long stock exposure.

Apollo Commercial Real Estate (NYSE:ARI) Profile

Apollo Commercial Real Estate Finance, Inc. (ARI) is a real estate investment trust (REIT). The Company primarily originates, acquires, invests in and manages performing commercial first mortgage loans, subordinate financings, commercial mortgage-backed securities (CMBS) and other commercial real estate-related debt investments. These asset classes are referred to as the Company’s target assets.

Apollo Commercial Real Estate (NYSE:ARI) traded down -0.64% on 13 October, hitting $15.58. A total of shares of the company’s stock traded hands. This is down from average of 1.03M shares. Apollo Commercial Real Estate has a 52 week low of $13.80 and a 52 week high of $18.25. The company has a market cap of $1.04B and a P/E ratio of 16.66.

Get the latest Apollo Commercial Real Estate (NYSE:ARI) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

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