Apollo Commercial Real Estate Finance (NYSE:ARI) Stock Price Breaks Above 50-Day Moving Average – Should You Sell?

Apollo Commercial Real Estate Finance (NYSE:ARI) shares passed above its fifty day moving average during trading on Monday. The stock has a fifty 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 trading hands.

Analyst Upgrades and Downgrades

Several brokerages have commented on ARI. 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 cut shares of Apollo Commercial Real Estate Finance from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Finally, Zacks Research upgraded shares of Apollo Commercial Real Estate Finance from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 15th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $11.33.

Apollo Commercial Real Estate Finance Trading Down 0.7%

The stock has a market cap of $841.45 million, a price-to-earnings ratio of 8.18 and a beta of 1.40. The stock’s 50 day moving average is $6.52 and its two-hundred day moving average is $9.16.

Apollo Commercial Real Estate Finance (NYSE:ARI) last issued its quarterly earnings data 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. On average, sell-side analysts predict that Apollo Commercial Real Estate Finance will post -0.18 EPS for the current year.

Hedge Funds Weigh In On Apollo Commercial Real Estate Finance

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bessemer Group Inc. raised its stake in Apollo Commercial Real Estate Finance by 388.7% during the 1st quarter. Bessemer Group Inc. now owns 3,255 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 2,589 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Apollo Commercial Real Estate Finance in the 2nd quarter valued at approximately $36,000. Public Employees Retirement System of Ohio purchased a new position in shares of Apollo Commercial Real Estate Finance in the 2nd quarter valued at approximately $47,000. Parallel Advisors LLC grew its stake in shares of Apollo Commercial Real Estate Finance by 61.7% in the 1st quarter. Parallel Advisors LLC now owns 4,656 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 1,777 shares during the last quarter. Finally, Markowski Investments acquired a new position in shares of Apollo Commercial Real Estate Finance in the second quarter valued at approximately $55,000. Hedge funds and other institutional investors own 54.43% of the company’s stock.

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.