Apollo Commercial Real Estate Finance (NYSE:ARI) Stock Bumped Down to "Sell" by Wall Street Zen

Key Points

• Wall Street Zen downgraded Apollo Commercial Real Estate Finance (ARI) from “Hold” to “Sell.” Other analysts have issued mixed views, leaving the stock with a consensus “Hold” rating and an average price target of $11.33.
• ARI opened at $6.40, near its 12-month low of $6.11 and well below its 12-month high of $11.24. Its 50-day and 200-day moving averages were $6.59 and $8.85, respectively.
• Institutional investors own 54.43% of the company, with BlackRock and several other funds recently establishing or increasing positions in the commercial real estate finance REIT.

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

Several other analysts have also commented on the stock. Zacks Research raised shares of Apollo Commercial Real Estate Finance from a "strong sell" rating to a "hold" rating in a research report on Tuesday, September 15th. BTIG Research lowered Apollo Commercial Real Estate Finance from a "buy" rating to a "neutral" rating in a report on Thursday, June 25th. Finally, Weiss Ratings cut shares of Apollo Commercial Real Estate Finance from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday, October 8th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Apollo Commercial Real Estate Finance has a consensus rating of "Hold" and an average target price of $11.33.

Apollo Commercial Real Estate Finance Stock Down 0.2%

ARI stock opened at $6.40 on Friday. Apollo Commercial Real Estate Finance has a twelve month low of $6.11 and a twelve month high of $11.24. The firm has a market capitalization of $822.53 million, a PE ratio of 7.63 and a beta of 1.40. The stock's 50 day moving average is $6.59 and its 200-day moving average is $8.85.

Apollo Commercial Real Estate Finance (NYSE:ARI - Get Free Report) last issued its quarterly earnings data on Tuesday, August 11th. The real estate investment trust reported ($2.62) earnings per share (EPS) for the quarter. The firm had revenue of $44.38 million during the quarter. Apollo Commercial Real Estate Finance had a return on equity of 7.39% and a net margin of 55.49%. On average, equities research analysts anticipate that Apollo Commercial Real Estate Finance will post -0.18 earnings per share for the current fiscal year.

Institutional Trading of Apollo Commercial Real Estate Finance

Hedge funds have recently modified their holdings of the business. BlackRock Inc. purchased a new stake in Apollo Commercial Real Estate Finance during the 2nd quarter valued at about $127,411,000. Empyrean Capital Partners LP bought a new position in Apollo Commercial Real Estate Finance in the 1st quarter worth $9,332,000. Greenland Capital Management LP purchased a new position in shares of Apollo Commercial Real Estate Finance during the 2nd quarter valued at about $9,238,000. First Trust Advisors LP boosted its position in shares of Apollo Commercial Real Estate Finance by 23.0% in the first quarter. First Trust Advisors LP now owns 782,514 shares of the real estate investment trust's stock worth $8,263,000 after purchasing an additional 146,131 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in shares of Apollo Commercial Real Estate Finance during the 2nd quarter valued at $6,767,000. Institutional investors own 54.43% of the company's stock.

Apollo Commercial Real Estate Finance Company Profile

Apollo Commercial Real Estate Finance, Inc NYSE: ARI is a real estate investment trust (REIT) that originates, acquires, invests in and manages commercial real estate debt. The company primarily focuses on loans secured by institutional-quality properties and seeks to generate income from a diversified portfolio of commercial real estate investments.

Its investments may include senior mortgage loans, mezzanine loans, subordinated debt and other commercial real estate-related financing arrangements.

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