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

Key Points

• Wall Street Zen upgraded Apollo Commercial Real Estate Finance (NYSE: ARI) from “Sell” to “Hold,” following a similar upgrade from Zacks Research. The stock’s consensus rating is “Hold,” with an average price target of $11.33.
• ARI opened at $6.20, near its 52-week low of $6.13 and well below its 52-week high of $11.24. Its 50-day and 200-day moving averages were $6.66 and $9.13, respectively.
• The REIT reported a quarterly loss of $2.62 per share on $44.38 million in revenue, while institutional investors and hedge funds own 54.43% of its outstanding shares.

Apollo Commercial Real Estate Finance (NYSE:ARI - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Monday, Wall Street Zen reports.

ARI has been the topic of a number of other research reports. 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, September 15th. BTIG Research downgraded shares of 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 research note on Monday, August 31st. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $11.33.

Apollo Commercial Real Estate Finance Price Performance

ARI stock opened at $6.20 on Monday. Apollo Commercial Real Estate Finance has a fifty-two week low of $6.13 and a fifty-two week high of $11.24. The stock has a market capitalization of $797.08 million, a price-to-earnings ratio of 7.75 and a beta of 1.40. The business's fifty day moving average price is $6.66 and its two-hundred day moving average price is $9.13.

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

Hedge Funds Weigh In On Apollo Commercial Real Estate Finance

Several hedge funds and other institutional investors have recently made changes to their positions in ARI. QRG Capital Management Inc. lifted its holdings in shares of Apollo Commercial Real Estate Finance by 16.4% during the 2nd quarter. QRG Capital Management Inc. now owns 74,543 shares of the real estate investment trust's stock worth $796,000 after acquiring an additional 10,517 shares during the period. Integrated Wealth Concepts LLC bought a new position in Apollo Commercial Real Estate Finance in the second quarter valued at approximately $36,000. Squarepoint Ops LLC bought a new position in Apollo Commercial Real Estate Finance in the second quarter valued at approximately $5,880,000. Waverly Advisors LLC acquired a new position in Apollo Commercial Real Estate Finance during the second quarter valued at approximately $213,000. Finally, Corient Private Wealth LP acquired a new position in Apollo Commercial Real Estate Finance during the second quarter valued at approximately $193,000. 54.43% of the stock is currently owned by institutional investors and hedge funds.

About Apollo Commercial Real Estate Finance

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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