Apollo Commercial Real Estate Finance (NYSE:ARI) Rating Lowered to "Sell" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Apollo Commercial Real Estate Finance to “Sell” from “Hold,” following other rating cuts including Zacks Research’s “Strong Sell” and BTIG Research’s “Neutral.”
• ARI shares opened at $6.89, near their 12-month low of $6.43 and below the 50-day and 200-day moving averages; analysts’ consensus remains “Hold,” with an $11.33 price target.
• The REIT reported a quarterly loss of $2.62 per share on $44.38 million in revenue, while institutional investors own 54.43% of its shares.

Apollo Commercial Real Estate Finance (NYSE:ARI - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Sunday, Wall Street Zen reports.

Other research analysts have also recently issued research reports about the stock. Zacks Research cut shares of Apollo Commercial Real Estate Finance from a "hold" rating to a "strong sell" rating in a research note on Monday, August 3rd. BTIG Research lowered Apollo Commercial Real Estate Finance from a "buy" rating to a "neutral" rating in a research report on Thursday, June 25th. Finally, Weiss Ratings cut Apollo Commercial Real Estate Finance from a "hold (c)" rating to a "hold (c-)" rating in a report on Monday, August 31st. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $11.33.

Apollo Commercial Real Estate Finance Stock Up 0.1%

Shares of Apollo Commercial Real Estate Finance stock opened at $6.89 on Friday. The stock has a 50 day moving average price of $7.75 and a two-hundred day moving average price of $9.71. Apollo Commercial Real Estate Finance has a 12-month low of $6.43 and a 12-month high of $11.24. The stock has a market capitalization of $885.67 million, a P/E ratio of 8.61 and a beta of 1.36.

Apollo Commercial Real Estate Finance (NYSE:ARI - Get Free Report) last announced its quarterly earnings results on Monday, August 10th. The real estate investment trust reported ($2.62) earnings per share (EPS) for the quarter. The firm had revenue of $44.38 million for the quarter. Apollo Commercial Real Estate Finance had a net margin of 55.49% and a return on equity of 7.39%. Sell-side analysts anticipate that Apollo Commercial Real Estate Finance will post -0.18 earnings per share for the current year.

Institutional Trading of Apollo Commercial Real Estate Finance

Several hedge funds have recently modified their holdings of ARI. Bessemer Group Inc. grew its stake in shares of Apollo Commercial Real Estate Finance by 388.7% during the first quarter. Bessemer Group Inc. now owns 3,255 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 2,589 shares during the period. Public Employees Retirement System of Ohio acquired a new position in Apollo Commercial Real Estate Finance in the second quarter valued at about $47,000. Parallel Advisors LLC lifted its stake in Apollo Commercial Real Estate Finance by 61.7% in the first quarter. Parallel Advisors LLC now owns 4,656 shares of the real estate investment trust's stock valued at $49,000 after buying an additional 1,777 shares during the period. Danske Bank A S acquired a new position in Apollo Commercial Real Estate Finance in the third quarter valued at about $50,000. Finally, Markowski Investments bought a new position in Apollo Commercial Real Estate Finance during the second quarter worth about $55,000. 54.43% of the stock is owned by institutional investors.

Apollo Commercial Real Estate Finance Company Profile

Apollo Commercial Real Estate Finance, Inc NYSE: ARI is a real estate finance company structured as a real estate investment trust (REIT). The company focuses on originating, acquiring and managing a diversified portfolio of commercial real estate debt and preferred equity investments. As an externally managed vehicle, ARI leverages the expertise and resources of an affiliate of Apollo Global Management, a leading global alternative investment manager.

ARI's investment strategy is centered on providing first mortgage loans, mezzanine debt financing, bridge loans and preferred equity across a broad range of property types, including office, retail, industrial and multifamily assets.

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