Wall Street Zen Upgrades Apollo Commercial Real Estate Finance (NYSE:ARI) to Hold

Key Points

• Wall Street Zen upgraded Apollo Commercial Real Estate Finance (NYSE: ARI) from “sell” to “hold,” while analysts overall maintain a consensus “Hold” rating and a target price of $11.33.
• ARI shares opened at $6.42, near their 52-week low of $6.11 and well below the 52-week high of $11.24; the stock’s 200-day moving average is $8.70.
• The REIT reported a quarterly loss of $2.62 per share on $44.38 million in revenue, and institutional investors own 54.43% of the company.

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 research report issued on Sunday, Wall Street Zen reports.

ARI has been the topic of several other reports. 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. 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. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $11.33.

Apollo Commercial Real Estate Finance Stock Performance

Apollo Commercial Real Estate Finance stock opened at $6.42 on Friday. Apollo Commercial Real Estate Finance has a fifty-two week low of $6.11 and a fifty-two week high of $11.24. The company has a market capitalization of $824.61 million, a price-to-earnings ratio of 8.02 and a beta of 1.40. The stock has a fifty day moving average of $6.54 and a two-hundred day moving average of $8.70.

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

Institutional Investors Weigh In On Apollo Commercial Real Estate Finance

A number of institutional investors and hedge funds have recently modified their holdings of ARI. GAMMA Investing LLC grew its stake in shares of Apollo Commercial Real Estate Finance by 41.7% in the 2nd quarter. GAMMA Investing LLC now owns 5,395 shares of the real estate investment trust's stock valued at $58,000 after purchasing an additional 1,587 shares during the period. Parallel Advisors LLC lifted its position in shares of Apollo Commercial Real Estate Finance by 61.7% during the 1st quarter. Parallel Advisors LLC now owns 4,656 shares of the real estate investment trust's stock worth $49,000 after buying an additional 1,777 shares during the period. Resources Management Corp CT ADV lifted its position in shares of Apollo Commercial Real Estate Finance by 28.6% during the 1st quarter. Resources Management Corp CT ADV now owns 8,618 shares of the real estate investment trust's stock worth $91,000 after buying an additional 1,918 shares during the period. Bessemer Group Inc. lifted its position in shares of Apollo Commercial Real Estate Finance by 388.7% during the 1st quarter. Bessemer Group Inc. now owns 3,255 shares of the real estate investment trust's stock worth $34,000 after buying an additional 2,589 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new stake in Apollo Commercial Real Estate Finance in the 2nd quarter valued at $36,000. 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 investment trust focused on originating, acquiring, investing in and managing commercial real estate debt and related investments. The company primarily seeks income from commercial real estate loans and other credit investments rather than directly owning and operating properties.

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

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