Apollo Commercial Real Estate Finance (NYSE:ARI – Get Free Report) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Sunday, Wall Street Zen reports.
Other analysts have also issued reports about the company. BTIG Research lowered Apollo Commercial Real Estate Finance from a “buy” rating to a “neutral” rating in a research note on Thursday, June 25th. Zacks Research downgraded Apollo Commercial Real Estate Finance from a “hold” rating to a “strong sell” rating in a research note on Monday, August 3rd. Finally, Weiss Ratings lowered Apollo Commercial Real Estate Finance from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, August 31st. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $11.33.
Check Out Our Latest Report on Apollo Commercial Real Estate Finance
Apollo Commercial Real Estate Finance Stock Up 0.1%
Apollo Commercial Real Estate Finance (NYSE:ARI – Get Free Report) last released its 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 return on equity of 7.39% and a net margin of 55.49%.The company had revenue of $44.38 million for the quarter. On average, research analysts forecast that Apollo Commercial Real Estate Finance will post -0.18 EPS for the current year.
Institutional Investors Weigh In On Apollo Commercial Real Estate Finance
Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in Apollo Commercial Real Estate Finance during the second quarter worth $127,411,000. State Street Corp raised its holdings in shares of Apollo Commercial Real Estate Finance by 1.1% during the 4th quarter. State Street Corp now owns 5,298,362 shares of the real estate investment trust’s stock worth $52,588,000 after acquiring an additional 56,377 shares during the period. Geode Capital Management LLC raised its holdings in shares of Apollo Commercial Real Estate Finance by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 3,167,013 shares of the real estate investment trust’s stock worth $30,662,000 after acquiring an additional 9,273 shares during the period. No Street GP LP boosted its position in shares of Apollo Commercial Real Estate Finance by 33.3% during the 3rd quarter. No Street GP LP now owns 3,000,000 shares of the real estate investment trust’s stock valued at $30,390,000 after acquiring an additional 750,000 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Apollo Commercial Real Estate Finance by 6.9% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,085,917 shares of the real estate investment trust’s stock valued at $21,130,000 after acquiring an additional 134,308 shares during 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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