Apollo Commercial Real Estate Finance (NYSE:ARI) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Apollo Commercial Real Estate Finance from “hold” to “sell,” while the broader analyst consensus remains “hold” with a $11.33 price target.
• ARI shares opened at $6.84, near their one-year low of $6.43 and below both the 50-day ($8.14) and 200-day ($9.85) moving averages.
• The REIT reported a quarterly loss of $2.62 per share on $44.38 million in revenue; institutional investors and hedge funds own 54.43% of its stock.

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

ARI has been the topic of several other reports. Weiss Ratings upgraded Apollo Commercial Real Estate Finance from a "sell (d+)" rating to a "hold (c)" rating in a report on Friday, August 14th. BTIG Research downgraded Apollo Commercial Real Estate Finance from a "buy" rating to a "neutral" rating in a report on Thursday, June 25th. Zacks Research downgraded Apollo Commercial Real Estate Finance from a "hold" rating to a "strong sell" rating in a report on Monday, August 3rd. Finally, Bank of America began coverage on Apollo Commercial Real Estate Finance in a research report on Tuesday, May 5th. They set a "neutral" rating and a $11.50 price target on the stock. Two 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 stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $11.33.

Apollo Commercial Real Estate Finance Trading Down 0.9%

Apollo Commercial Real Estate Finance stock opened at $6.84 on Friday. The firm has a market capitalization of $879.21 million, a P/E ratio of 8.55 and a beta of 1.36. The business has a 50-day moving average of $8.14 and a 200-day moving average of $9.85. Apollo Commercial Real Estate Finance has a 1 year low of $6.43 and a 1 year high of $11.24.

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 for the quarter. The firm had revenue of $44.38 million during the quarter. Apollo Commercial Real Estate Finance had a net margin of 55.49% and a return on equity of 7.39%. Research analysts anticipate that Apollo Commercial Real Estate Finance will post -0.18 EPS for the current fiscal year.

Hedge Funds Weigh In On Apollo Commercial Real Estate Finance

A number of large investors have recently bought and sold shares of ARI. Corient Private Wealth LP bought a new position in shares of Apollo Commercial Real Estate Finance during the 2nd quarter worth approximately $193,000. Amundi bought a new stake in shares of Apollo Commercial Real Estate Finance in the second quarter worth $144,000. California State Teachers Retirement System lifted its position in shares of Apollo Commercial Real Estate Finance by 992.5% in the second quarter. California State Teachers Retirement System now owns 1,526,578 shares of the real estate investment trust's stock worth $16,304,000 after purchasing an additional 1,386,840 shares in the last quarter. Greenland Capital Management LP acquired a new position in Apollo Commercial Real Estate Finance during the second quarter worth $9,238,000. Finally, Markowski Investments bought a new position in Apollo Commercial Real Estate Finance in the second quarter valued at $55,000. Institutional investors and hedge funds own 54.43% of the company's stock.

About Apollo Commercial Real Estate Finance

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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