Wall Street Zen Downgrades Apollo Commercial Real Estate Finance (NYSE:ARI) to Sell

Key Points

• Wall Street Zen downgraded Apollo Commercial Real Estate Finance (NYSE: ARI) from “Hold” to “Sell,” while the broader analyst consensus remains “Hold” with an average price target of $11.33.
• ARI opened at $6.25, near its one-year low of $6.18, and trades below its 50-day and 200-day moving averages of $6.72 and $9.28, respectively.
• The REIT reported a quarterly loss of $2.62 per share on $44.38 million in revenue; meanwhile, institutional investors own 54.43% of the company, with BlackRock acquiring a stake valued at approximately $127.4 million.

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 research report issued on Sunday, Wall Street Zen reports.

Several other research analysts have also recently weighed in on the stock. BTIG Research cut shares of Apollo Commercial Real Estate Finance from a "buy" rating to a "neutral" rating in a research report on Thursday, June 25th. Weiss Ratings cut shares of Apollo Commercial Real Estate Finance from a "hold (c)" rating to a "hold (c-)" rating in a research note 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 report on Tuesday, September 15th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Apollo Commercial Real Estate Finance currently has a consensus rating of "Hold" and an average price target of $11.33.

Apollo Commercial Real Estate Finance Price Performance

ARI stock opened at $6.25 on Friday. The business has a 50 day simple moving average of $6.72 and a 200-day simple moving average of $9.28. The firm has a market capitalization of $803.25 million, a PE ratio of 7.81 and a beta of 1.36. Apollo Commercial Real Estate Finance has a 1 year low of $6.18 and a 1 year high of $11.24.

Apollo Commercial Real Estate Finance (NYSE:ARI - Get Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The real estate investment trust reported ($2.62) EPS for the quarter. The company had revenue of $44.38 million for 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 expect that Apollo Commercial Real Estate Finance will post -0.18 EPS for the current year.

Institutional Investors Weigh In On Apollo Commercial Real Estate Finance

Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in Apollo Commercial Real Estate Finance during the 2nd quarter worth $127,411,000. Empyrean Capital Partners LP acquired a new position in Apollo Commercial Real Estate Finance in the first quarter valued at $9,332,000. Greenland Capital Management LP acquired a new stake in shares of Apollo Commercial Real Estate Finance during the second quarter worth about $9,238,000. First Trust Advisors LP grew its holdings in shares of Apollo Commercial Real Estate Finance by 23.0% during 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 buying an additional 146,131 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Apollo Commercial Real Estate Finance during the second quarter worth about $6,767,000. 54.43% of the stock is owned by hedge funds and other institutional investors.

About Apollo Commercial Real Estate Finance

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.