Apollo Commercial Real Estate Finance (ARI) : Traders are bullish on Apollo Commercial Real Estate Finance (ARI) as it has outperformed the S&P 500 by a wide margin of 1.12% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.74%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.79% in the last 1 week, and is up 2.17% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 0.86% and the 50-Day Moving Average is 1.3%. Apollo Commercial Real Estate Finance (NYSE:ARI): stock turned positive on Friday. Though the stock opened at $16.43, the bulls momentum made the stock top out at $16.57 level for the day. The stock recorded a low of $16.37 and closed the trading day at $16.49, in the green by 0.73%. The total traded volume for the day was 884,156. The stock had closed at $16.37 in the previous days trading.
The company Insiders own 0.71% of Apollo Commercial Real Estate Finance shares according to the proxy statements. Institutional Investors own 65.88% of Apollo Commercial Real Estate Finance shares. Also, In the latest statement by the brokerage house, Keefe Bruyette & Woods maintains its outlook on Apollo Commercial Real Estate Finance (NYSE:ARI). The current rating of the shares is Market Perform, according to the research report released by the firm. The brokerage firm raises the price target from $16 per share to $16.5 per share. The rating by the firm was issued on July 28, 2016.
Apollo Commercial Real Estate Finance, Inc. is a real estate investment trust (REIT). The Company is focused primarily on originating, investing in, acquiring and managing performing commercial first mortgage loans, subordinate financings, commercial mortgage-backed securities (CMBS) and other commercial real estate-related debt investments. The Companys principal business objective is to make investments in its target assets in order to provide attractive risk adjusted returns to its stockholders over the long term, primarily through dividends and secondarily through capital appreciation. The Company is externally managed and advised by ACREFI Management, LLC, an indirect subsidiary of Apollo Global Management, LLC.