Apollo Commercial Real Estate Finance (ARI) Upgraded to Market Perform by Wells Fargo & Co.

Wells Fargo & Co. upgraded shares of Apollo Commercial Real Estate Finance (NYSE:ARI) from an underperform rating to a market perform rating in a research report released on Thursday.

A number of other equities analysts also recently weighed in on ARI. Barclays PLC restated an equal weight rating and set a $17.00 target price on shares of Apollo Commercial Real Estate Finance in a report on Thursday, September 8th. Keefe, Bruyette & Woods boosted their target price on shares of Apollo Commercial Real Estate Finance from $16.00 to $16.50 and gave the stock a market perform rating in a report on Thursday, July 28th. Finally, Zacks Investment Research upgraded shares of Apollo Commercial Real Estate Finance from a hold rating to a buy rating and set a $19.00 target price on the stock in a report on Friday, September 9th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $17.50.

Apollo Commercial Real Estate Finance (NYSE:ARI) traded up 0.31% during trading on Thursday, hitting $16.20. 244,815 shares of the stock were exchanged. Apollo Commercial Real Estate Finance has a 52 week low of $13.80 and a 52 week high of $18.25. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 17.51 and a beta of 0.70. The firm has a 50-day moving average of $16.48 and a 200-day moving average of $16.22.

Apollo Commercial Real Estate Finance (NYSE:ARI) last issued its earnings results on Tuesday, July 26th. The real estate investment trust reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.03. The business had revenue of $46.90 million for the quarter, compared to the consensus estimate of $7.60 million. Apollo Commercial Real Estate Finance had a net margin of 46.71% and a return on equity of 10.36%. The firm’s revenue for the quarter was up 43.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.45 earnings per share. Equities research analysts anticipate that Apollo Commercial Real Estate Finance will post $2.32 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be issued a $0.46 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $1.84 annualized dividend and a dividend yield of 11.39%. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently 193.69%.

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Institutional Trust Company N.A. increased its position in Apollo Commercial Real Estate Finance by 1.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,714,487 shares of the real estate investment trust’s stock valued at $27,946,000 after buying an additional 30,385 shares in the last quarter. Wesley Capital Management LLC increased its position in Apollo Commercial Real Estate Finance by 8.9% in the second quarter. Wesley Capital Management LLC now owns 550,000 shares of the real estate investment trust’s stock valued at $8,839,000 after buying an additional 45,000 shares during the period. Teachers Advisors Inc. increased its position in Apollo Commercial Real Estate Finance by 6.8% in the first quarter. Teachers Advisors Inc. now owns 88,864 shares of the real estate investment trust’s stock valued at $1,448,000 after buying an additional 5,686 shares during the period. Sigma Planning Corp increased its position in Apollo Commercial Real Estate Finance by 25.8% in the second quarter. Sigma Planning Corp now owns 25,423 shares of the real estate investment trust’s stock valued at $409,000 after buying an additional 5,218 shares during the period. Finally, California Public Employees Retirement System increased its position in Apollo Commercial Real Estate Finance by 8.2% in the second quarter. California Public Employees Retirement System now owns 168,200 shares of the real estate investment trust’s stock valued at $2,703,000 after buying an additional 12,800 shares during the period. Hedge funds and other institutional investors own 51.81% of the company’s stock.

Apollo Commercial Real Estate Finance Company Profile

Apollo Commercial Real Estate Finance, Inc (ARI) is a real estate investment trust (REIT). The Company primarily originates, acquires, invests in and manages performing commercial first mortgage loans, subordinate financings, commercial mortgage-backed securities (CMBS) and other commercial real estate-related debt investments.

5 Day Chart for NYSE:ARI

Receive News & Ratings for Apollo Commercial Real Estate Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apollo Commercial Real Estate Finance and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

GoPro Planning to Cut 200 Jobs
GoPro Planning to Cut 200 Jobs
Early Data from Cyber Monday Shows Sales Increasing Over 9%
Early Data from Cyber Monday Shows Sales Increasing Over 9%
Retailers Anticipating Strong Support for Small Business Saturday
Retailers Anticipating Strong Support for Small Business Saturday
Eli Lilly Alzheimer’s Drug Does Not Pass the Test
Eli Lilly Alzheimer’s Drug Does Not Pass the Test
Disney to Build Larger Hong Kong Kingdom
Disney to Build Larger Hong Kong Kingdom
DraftKings and FanDuel Finally Will Merge
DraftKings and FanDuel Finally Will Merge


 
© 2006-2016 Ticker Report. Google+.