Apollo Commercial Real Estate Finance (NYSE:ARI) Stock Has Consensus Target Price of $11.33

Shares of Apollo Commercial Real Estate Finance (NYSE:ARI) have received a consensus rating of “Hold” from the five brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $11.50.

A number of research analysts have recently issued reports on the company. Wall Street Zen raised Apollo Commercial Real Estate Finance from a “sell” rating to a “hold” rating in a research note on Sunday, October 25th. Zacks Research raised 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.

Institutional Trading of Apollo Commercial Real Estate Finance

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

Apollo Commercial Real Estate Finance Stock Performance

ARI stock opened at $2.52 on Friday. Apollo Commercial Real Estate Finance has a 52 week low of $2.28 and a 52 week high of $11.24. The firm’s fifty day moving average is $6.15 and its 200 day moving average is $8.99. The firm has a market cap of $323.28 million, a P/E ratio of 2.87 and a beta of 1.53.

Apollo Commercial Real Estate Finance (NYSE:ARI) last issued its earnings results on Tuesday, August 11th. The real estate investment trust reported ($2.62) 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 during the quarter. As a group, analysts forecast that Apollo Commercial Real Estate Finance will post -0.18 EPS for the current year.

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.