Apollo Commercial Real Estate Finance (NYSE:ARI – Get Free Report) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks reports.
A number of other research firms have also commented on ARI. Weiss Ratings lowered shares of Apollo Commercial Real Estate Finance from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, August 31st. Wall Street Zen cut shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a research report on Sunday, September 6th. Finally, BTIG Research downgraded shares of Apollo Commercial Real Estate Finance from a “buy” rating to a “neutral” rating in a research note on Thursday, June 25th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Apollo Commercial Real Estate Finance presently has a consensus rating of “Hold” and an average price target of $11.33.
View Our Latest Stock Report on Apollo Commercial Real Estate Finance
Apollo Commercial Real Estate Finance Stock Down 0.1%
Apollo Commercial Real Estate Finance (NYSE:ARI – Get Free Report) last announced 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 net margin of 55.49% and a return on equity of 7.39%. The company had revenue of $44.38 million for the quarter. On average, equities research analysts anticipate that Apollo Commercial Real Estate Finance will post -0.18 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in Apollo Commercial Real Estate Finance in the 2nd quarter worth approximately $127,411,000. Empyrean Capital Partners LP acquired a new position in shares of Apollo Commercial Real Estate Finance in the first quarter worth $9,332,000. Greenland Capital Management LP purchased a new stake in shares of Apollo Commercial Real Estate Finance during the second quarter worth $9,238,000. First Trust Advisors LP raised its holdings in shares of Apollo Commercial Real Estate Finance by 23.0% during the first quarter. First Trust Advisors LP now owns 782,514 shares of the real estate investment trust’s stock worth $8,263,000 after acquiring an additional 146,131 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in Apollo Commercial Real Estate Finance during the second quarter valued at $6,767,000. 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 and manages commercial real estate debt investments. The company primarily seeks income from loans and other financing arrangements secured by commercial properties.
Its investment activities may include senior mortgage loans, subordinate and mezzanine financing, preferred equity investments, commercial mortgage-backed securities and other commercial real estate-related assets.
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