Apollo Commercial Real Estate Finance (NYSE:ARI – Get Free Report)’s share price hit a new 52-week low during trading on Friday. The stock traded as low as $2.30 and last traded at $2.33, with a volume of 9,956,466 shares changing hands. The stock had previously closed at $6.45.
Analyst Ratings Changes
A number of research firms have weighed in on ARI. Zacks Research upgraded Apollo Commercial Real Estate Finance from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 15th. Wall Street Zen raised shares of Apollo Commercial Real Estate Finance from a “sell” rating to a “hold” rating in a research note on Sunday, October 25th. Finally, 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. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $11.33.
Apollo Commercial Real Estate Finance Stock Down 63.9%
The company’s 50 day moving average price is $6.42 and its two-hundred day moving average price is $9.11. The stock has a market cap of $299.50 million, a P/E ratio of 2.91 and a beta of 1.40.
Apollo Commercial Real Estate Finance (NYSE:ARI – Get Free Report) last announced its quarterly earnings results 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 net margin of 55.49% and a return on equity of 7.39%. The firm had revenue of $44.38 million during the quarter. As a group, equities research analysts forecast that Apollo Commercial Real Estate Finance will post -0.18 earnings per share for the current year.
Institutional Investors Weigh In On Apollo Commercial Real Estate Finance
Several hedge funds have recently made changes to their positions in ARI. BlackRock Inc. purchased a new stake in Apollo Commercial Real Estate Finance during the second quarter worth $127,411,000. Empyrean Capital Partners LP purchased a new stake in shares of Apollo Commercial Real Estate Finance during the first quarter valued at about $9,332,000. Greenland Capital Management LP bought a new stake in shares of Apollo Commercial Real Estate Finance in the 2nd quarter valued at about $9,238,000. Bank of New York Mellon Corp bought a new stake in shares of Apollo Commercial Real Estate Finance in the 2nd quarter valued at about $6,767,000. Finally, Azora Capital LP purchased a new position in shares of Apollo Commercial Real Estate Finance in the 2nd quarter worth approximately $6,727,000. 54.43% of the stock is currently owned by hedge funds and other institutional investors.
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.
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