Apollo Commercial Real Estate Finance (NYSE:ARI) Stock Has Average Price Target of $11.33 According to Analysts

Key Points

• Analysts have a consensus “Hold” rating on Apollo Commercial Real Estate Finance, with one sell, three hold, and two buy recommendations. The average 12-month price target is $11.33.
• Institutional investors have shown significant interest, including a $127.4 million position acquired by BlackRock. Hedge funds and other institutions collectively own 54.43% of the company.
• ARI shares opened at $2.33, near their one-year low of $2.30 and well below the $11.24 high; the company reported a quarterly loss of $2.62 per share on $44.38 million in revenue.

Apollo Commercial Real Estate Finance (NYSE:ARI - Get Free Report) has been assigned a consensus rating of "Hold" from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $11.33.

Several brokerages have commented on ARI. Weiss Ratings lowered Apollo Commercial Real Estate Finance from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday, October 8th. Wall Street Zen raised Apollo Commercial Real Estate Finance from a "sell" rating to a "hold" rating in a research note on Sunday, October 25th. Finally, Zacks Research upgraded Apollo Commercial Real Estate Finance from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 15th.

Institutional Investors Weigh In On Apollo Commercial Real Estate Finance

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

Apollo Commercial Real Estate Finance Price Performance

Shares of ARI stock opened at $2.33 on Friday. The firm's 50-day simple moving average is $6.42 and its 200-day simple moving average is $9.11. Apollo Commercial Real Estate Finance has a 1-year low of $2.30 and a 1-year high of $11.24. The firm has a market cap of $299.51 million, a P/E ratio of 2.91 and a beta of 1.40.

Apollo Commercial Real Estate Finance (NYSE:ARI - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $44.38 million for the quarter. Analysts expect that Apollo Commercial Real Estate Finance will post -0.18 earnings per share for the current fiscal year.

Apollo Commercial Real Estate Finance Company Profile

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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