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

Apollo Commercial Real Estate Finance (NYSE:ARI) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Several other brokerages also recently weighed in on ARI. BTIG Research downgraded Apollo Commercial Real Estate Finance from a “buy” rating to a “neutral” rating in a report on Thursday, June 25th. Zacks Research raised shares of Apollo Commercial Real Estate Finance from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 15th. Finally, Weiss Ratings cut Apollo Commercial Real Estate Finance from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $11.33.

Apollo Commercial Real Estate Finance Price Performance

Shares of NYSE ARI opened at $6.40 on Friday. The business’s 50 day moving average is $6.59 and its two-hundred day moving average is $8.85. The stock has a market capitalization of $822.53 million, a P/E ratio of 7.63 and a beta of 1.40. Apollo Commercial Real Estate Finance has a 1-year low of $6.11 and a 1-year high of $11.24.

Apollo Commercial Real Estate Finance (NYSE:ARI) last posted its quarterly earnings data on Tuesday, August 11th. The real estate investment trust reported ($2.62) earnings per share (EPS) for the quarter. The business had revenue of $44.38 million for the quarter. Apollo Commercial Real Estate Finance had a net margin of 55.49% and a return on equity of 7.39%. As a group, equities research analysts anticipate 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

Several institutional investors have recently modified their holdings of the business. BlackRock Inc. purchased a new stake in shares of Apollo Commercial Real Estate Finance during the second quarter worth approximately $127,411,000. Empyrean Capital Partners LP purchased a new stake in Apollo Commercial Real Estate Finance during the 1st quarter worth about $9,332,000. Greenland Capital Management LP acquired a new position in Apollo Commercial Real Estate Finance in the second quarter valued at approximately $9,238,000. Bank of New York Mellon Corp purchased a new position in shares of Apollo Commercial Real Estate Finance in the 2nd quarter valued at $6,767,000. Finally, Azora Capital LP acquired a new stake in Apollo Commercial Real Estate Finance during the 2nd quarter worth $6,727,000. Institutional investors and hedge funds 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 (REIT) that originates, acquires, invests in and manages commercial real estate debt. The company primarily focuses on loans secured by institutional-quality properties and seeks to generate income from a diversified portfolio of commercial real estate investments.

Its investments may include senior mortgage loans, mezzanine loans, subordinated debt and other commercial real estate-related financing arrangements.