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

Key Points

• Wall Street Zen upgraded Apollo Commercial Real Estate Finance (ARI) from “sell” to “hold,” but analyst sentiment remains mixed. The overall consensus is “hold,” with a $11.33 target price.
• ARI shares opened at $6.83, near their 52-week low of $6.43 and well below the 50-day and 200-day moving averages of $8.93 and $10.11, respectively.
• The REIT reported a quarterly loss of $2.62 per share on $44.38 million in revenue, while hedge funds and other institutional investors own 54.43% of its stock.

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

A number of other equities analysts have also weighed in on the stock. Weiss Ratings lowered shares of Apollo Commercial Real Estate Finance from a "hold (c-)" rating to a "sell (d+)" rating in a report on Thursday, July 30th. Zacks Research downgraded Apollo Commercial Real Estate Finance from a "hold" rating to a "strong sell" rating in a report on Monday, August 3rd. BTIG Research lowered Apollo Commercial Real Estate Finance from a "buy" rating to a "neutral" rating in a research report on Thursday, June 25th. Finally, Bank of America began coverage on Apollo Commercial Real Estate Finance in a report on Tuesday, May 5th. They issued a "neutral" rating and a $11.50 target price on the stock. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $11.33.

Apollo Commercial Real Estate Finance Price Performance

Shares of ARI stock opened at $6.83 on Friday. The firm has a market cap of $876.32 million, a P/E ratio of 8.54 and a beta of 1.36. Apollo Commercial Real Estate Finance has a 1-year low of $6.43 and a 1-year high of $11.24. The firm's 50-day simple moving average is $8.93 and its 200-day simple moving average is $10.11.

Apollo Commercial Real Estate Finance (NYSE:ARI - Get Free Report) last released its earnings results on Monday, August 10th. 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 company had revenue of $44.38 million during the quarter. Analysts expect 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

A number of hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC acquired a new stake in Apollo Commercial Real Estate Finance in the 1st quarter valued at $3,459,000. Carmel Capital Partners LLC lifted its stake in shares of Apollo Commercial Real Estate Finance by 40.0% during the fourth quarter. Carmel Capital Partners LLC now owns 314,501 shares of the real estate investment trust's stock worth $3,044,000 after purchasing an additional 89,887 shares in the last quarter. Readystate Asset Management LP purchased a new stake in shares of Apollo Commercial Real Estate Finance in the first quarter worth about $4,760,000. NewGen Asset Management Ltd purchased a new stake in shares of Apollo Commercial Real Estate Finance in the first quarter worth about $3,228,000. Finally, Family Manage LLC purchased a new stake in shares of Apollo Commercial Real Estate Finance in the first quarter worth about $1,682,000. Hedge funds and other institutional investors own 54.43% of the company's stock.

Apollo Commercial Real Estate Finance Company Profile

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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