Apollo Commercial Real Estate Finance (NYSE:ARI) Stock Crosses Above 50 Day Moving Average - Here's What Happened

Key Points

• ARI shares rose above their 50-day moving average, reaching $6.69 and last trading at $6.6250, up 3.2% with more than 10.5 million shares traded.
• Analyst sentiment remains mixed: ratings include two Buys, three Holds, and one Sell, resulting in an overall “Hold” consensus and an average price target of $11.33.
• Institutional ownership stands at 54.43%, with major investors including BlackRock, Empyrean Capital Partners, and Greenland Capital Management recently acquiring stakes.

Apollo Commercial Real Estate Finance (NYSE:ARI - Get Free Report)'s stock price passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $6.53 and traded as high as $6.69. Apollo Commercial Real Estate Finance shares last traded at $6.6250, with a volume of 10,504,100 shares traded.

Wall Street Analyst Weigh In

ARI has been the subject of a number of research reports. Wall Street Zen upgraded shares of Apollo Commercial Real Estate Finance from a "sell" rating to a "hold" rating in a research note on Sunday. Weiss Ratings downgraded Apollo Commercial Real Estate Finance from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday, October 8th. Finally, Zacks Research raised 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, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Apollo Commercial Real Estate Finance has an average rating of "Hold" and an average target price of $11.33.

Apollo Commercial Real Estate Finance Trading Up 3.2%

The stock has a market cap of $851.58 million, a P/E ratio of 8.28 and a beta of 1.40. The company's 50 day moving average price is $6.53 and its two-hundred day moving average price is $9.20.

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 for the quarter. On average, sell-side analysts anticipate that Apollo Commercial Real Estate Finance will post -0.18 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of Apollo Commercial Real Estate Finance during the 2nd quarter valued at $127,411,000. Empyrean Capital Partners LP bought a new position in Apollo Commercial Real Estate Finance in the 1st quarter worth $9,332,000. Greenland Capital Management LP bought a new position in Apollo Commercial Real Estate Finance in the 2nd quarter worth $9,238,000. Bank of New York Mellon Corp bought a new position in Apollo Commercial Real Estate Finance in the 2nd quarter worth $6,767,000. Finally, Azora Capital LP purchased a new position in Apollo Commercial Real Estate Finance during the second quarter valued at $6,727,000. Hedge funds and other institutional investors 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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