Apollo Commercial Real Estate Finance (NYSE:ARI) Raised to “Hold” at Wall Street Zen

Apollo Commercial Real Estate Finance (NYSE:ARI) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday, Wall Street Zen reports.

Other research analysts have also issued reports about the company. BTIG Research lowered Apollo Commercial Real Estate Finance from a “buy” rating to a “neutral” rating in a research report on Thursday, June 25th. Weiss Ratings cut shares of Apollo Commercial Real Estate Finance from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, August 31st. 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. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently 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 $6.39 on Friday. The company’s fifty day moving average price is $7.00 and its 200 day moving average price is $9.43. Apollo Commercial Real Estate Finance has a 1 year low of $6.36 and a 1 year high of $11.24. The stock has a market capitalization of $822.01 million, a P/E ratio of 7.99 and a beta of 1.36.

Apollo Commercial Real Estate Finance (NYSE:ARI) last released 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 return on equity of 7.39% and a net margin of 55.49%.The business had revenue of $44.38 million for the quarter. Sell-side analysts predict that Apollo Commercial Real Estate Finance will post -0.18 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC acquired a new position in Apollo Commercial Real Estate Finance in the second quarter valued at $36,000. Squarepoint Ops LLC acquired a new stake in Apollo Commercial Real Estate Finance in the 2nd quarter worth about $5,880,000. Waverly Advisors LLC purchased a new stake in Apollo Commercial Real Estate Finance in the 2nd quarter valued at about $213,000. Corient Private Wealth LP purchased a new stake in Apollo Commercial Real Estate Finance in the 2nd quarter valued at about $193,000. Finally, Amundi purchased a new stake in Apollo Commercial Real Estate Finance in the 2nd quarter valued at about $144,000. 54.43% of the stock is currently owned by institutional investors and hedge funds.

Apollo Commercial Real Estate Finance Company Profile

Apollo Commercial Real Estate Finance, Inc (NYSE: ARI) is a real estate investment trust (REIT) that originates, acquires and manages commercial real estate debt investments. The company primarily seeks income from loans and other financing arrangements secured by commercial properties.

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