Apollo Commercial Real Estate Finance (NYSE:ARI – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.
Several other research analysts have also recently issued reports on the company. Weiss Ratings cut Apollo Commercial Real Estate Finance from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, July 30th. BTIG Research cut shares of Apollo Commercial Real Estate Finance from a “buy” rating to a “neutral” rating in a research note on Thursday, June 25th. Zacks Research downgraded shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “strong sell” rating in a report on Monday, August 3rd. Finally, Bank of America began coverage on shares of Apollo Commercial Real Estate Finance in a research note on Tuesday, May 5th. They issued a “neutral” rating and a $11.50 price objective for the company. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Apollo Commercial Real Estate Finance currently has a consensus rating of “Hold” and an average target price of $11.33.
Apollo Commercial Real Estate Finance Trading Up 0.1%
Apollo Commercial Real Estate Finance (NYSE:ARI – Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The real estate investment trust reported ($2.62) EPS for the quarter. Apollo Commercial Real Estate Finance had a net margin of 55.49% and a return on equity of 7.39%. The business had revenue of $44.38 million during the quarter. Equities analysts forecast that Apollo Commercial Real Estate Finance will post -0.18 earnings per share for the current fiscal year.
Institutional Trading of Apollo Commercial Real Estate Finance
Large investors have recently bought and sold shares of the company. Bessemer Group Inc. increased its position in shares of Apollo Commercial Real Estate Finance by 388.7% in the first quarter. Bessemer Group Inc. now owns 3,255 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 2,589 shares in the last quarter. Parallel Advisors LLC boosted its position 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 worth $49,000 after buying an additional 1,777 shares in the last quarter. Danske Bank A S acquired a new stake in Apollo Commercial Real Estate Finance in the 3rd quarter valued at about $50,000. Farther Finance Advisors LLC grew its stake in Apollo Commercial Real Estate Finance by 60.2% in the 4th quarter. Farther Finance Advisors LLC now owns 5,037 shares of the real estate investment trust’s stock valued at $49,000 after acquiring an additional 1,892 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in Apollo Commercial Real Estate Finance by 41.7% during the 2nd quarter. GAMMA Investing LLC now owns 5,395 shares of the real estate investment trust’s stock valued at $58,000 after acquiring an additional 1,587 shares in the last quarter. 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 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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