Apollo Commercial Real Estate Finance (NYSE:ARI – Get Free Report) has been assigned an average rating of “Hold” from the six analysts that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $11.1250.
A number of analysts have commented on the company. Zacks Research raised Apollo Commercial Real Estate Finance from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Apollo Commercial Real Estate Finance in a research report on Friday, May 22nd. Wall Street Zen downgraded shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Bank of America began coverage on shares of Apollo Commercial Real Estate Finance in a report on Tuesday, May 5th. They issued a “neutral” rating and a $11.50 price target on the stock. Finally, Keefe, Bruyette & Woods increased their price target on shares of Apollo Commercial Real Estate Finance from $10.75 to $11.50 and gave the stock an “outperform” rating in a report on Thursday, February 12th.
Check Out Our Latest Research Report on Apollo Commercial Real Estate Finance
Apollo Commercial Real Estate Finance Trading Up 1.5%
Apollo Commercial Real Estate Finance (NYSE:ARI – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.07). Apollo Commercial Real Estate Finance had a net margin of 48.01% and a return on equity of 7.87%. The company had revenue of $58.63 million for the quarter, compared to analyst estimates of $77.85 million. Analysts predict that Apollo Commercial Real Estate Finance will post 0.88 EPS for the current year.
Insiders Place Their Bets
In related news, Director Carmencita N.M. Whonder sold 4,574 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $10.93, for a total transaction of $49,993.82. Following the completion of the transaction, the director directly owned 24,799 shares in the company, valued at $271,053.07. The trade was a 15.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.52% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ARI. JPMorgan Chase & Co. grew its holdings in Apollo Commercial Real Estate Finance by 111.8% during the third quarter. JPMorgan Chase & Co. now owns 689,903 shares of the real estate investment trust’s stock worth $6,989,000 after acquiring an additional 364,098 shares during the period. Allianz Asset Management GmbH grew its holdings in Apollo Commercial Real Estate Finance by 117.5% during the third quarter. Allianz Asset Management GmbH now owns 304,979 shares of the real estate investment trust’s stock worth $3,089,000 after acquiring an additional 164,740 shares during the period. Principal Financial Group Inc. grew its holdings in Apollo Commercial Real Estate Finance by 21.9% during the third quarter. Principal Financial Group Inc. now owns 774,154 shares of the real estate investment trust’s stock worth $7,842,000 after acquiring an additional 139,336 shares during the period. Carmel Capital Partners LLC grew its holdings in Apollo Commercial Real Estate Finance by 40.0% during the fourth quarter. Carmel Capital Partners LLC now owns 314,501 shares of the real estate investment trust’s stock worth $3,044,000 after acquiring an additional 89,887 shares during the period. Finally, RDST Capital LLC acquired a new stake in Apollo Commercial Real Estate Finance during the third quarter worth about $1,490,000. 54.43% of the stock is currently owned by institutional investors and hedge funds.
About Apollo Commercial Real Estate Finance
Apollo Commercial Real Estate Finance, Inc (NYSE: ARI) is a real estate finance company structured as a real estate investment trust (REIT). The company focuses on originating, acquiring and managing a diversified portfolio of commercial real estate debt and preferred equity investments. As an externally managed vehicle, ARI leverages the expertise and resources of an affiliate of Apollo Global Management, a leading global alternative investment manager.
ARI’s investment strategy is centered on providing first mortgage loans, mezzanine debt financing, bridge loans and preferred equity across a broad range of property types, including office, retail, industrial and multifamily assets.
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