Apollo Commercial Real Estate Finance (NYSE:ARI) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Apollo Commercial Real Estate Finance from “sell” to “hold.” Other analysts have also mostly taken a cautious view, with the stock carrying an overall “Hold” rating and an average price target of $11.33.
• ARI shares opened at $6.39, near their 52-week low of $6.36 and below both their 50-day ($7.00) and 200-day ($9.43) moving averages. The company reported a quarterly loss of $2.62 per share on revenue of $44.38 million.
• Institutional ownership stands at 54.43%, following new stakes from BlackRock, Renaissance Technologies, Greenland Capital Management, Readystate Asset Management and NewGen Asset Management.

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

ARI has been the subject of a number of other reports. BTIG Research downgraded Apollo Commercial Real Estate Finance from a "buy" rating to a "neutral" rating in a research report on Thursday, June 25th. Weiss Ratings lowered shares of Apollo Commercial Real Estate Finance from a "hold (c)" rating to a "hold (c-)" rating in a report on Monday, August 31st. Finally, Zacks Research upgraded shares of Apollo Commercial Real Estate Finance from a "strong sell" rating to a "hold" rating in a research report on Tuesday. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Apollo Commercial Real Estate Finance presently has an average rating of "Hold" and an average target price of $11.33.

Apollo Commercial Real Estate Finance Stock Performance

ARI stock opened at $6.39 on Friday. The company has a market capitalization of $822.01 million, a P/E ratio of 7.99 and a beta of 1.36. The company has a fifty day moving average price of $7.00 and a 200-day moving average price of $9.43. Apollo Commercial Real Estate Finance has a 52-week low of $6.36 and a 52-week high of $11.24.

Apollo Commercial Real Estate Finance (NYSE:ARI - Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The real estate investment trust reported ($2.62) earnings per share for the quarter. The company 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%. As a group, sell-side analysts forecast that Apollo Commercial Real Estate Finance will post -0.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Apollo Commercial Real Estate Finance

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in Apollo Commercial Real Estate Finance in the second quarter worth $127,411,000. Renaissance Technologies LLC bought a new position in shares of Apollo Commercial Real Estate Finance during the 1st quarter worth about $3,459,000. Greenland Capital Management LP acquired a new stake in shares of Apollo Commercial Real Estate Finance in the 2nd quarter valued at about $9,238,000. Readystate Asset Management LP bought a new stake in Apollo Commercial Real Estate Finance in the 1st quarter valued at about $4,760,000. Finally, NewGen Asset Management Ltd bought a new stake in Apollo Commercial Real Estate Finance in the 1st quarter valued at about $3,228,000. 54.43% of the stock is currently owned by institutional investors.

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 and manages commercial real estate debt investments. The company primarily seeks income from loans and other financing arrangements secured by commercial properties.

Its investment activities may include senior mortgage loans, subordinate and mezzanine financing, preferred equity investments, commercial mortgage-backed securities and other commercial real estate-related assets.

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