Shares of Apollo Commercial Real Estate Finance (NYSE:ARI – Get Free Report) have been assigned an average recommendation of “Hold” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $11.33.
Several research firms have recently commented on ARI. Wall Street Zen upgraded Apollo Commercial Real Estate Finance from a “sell” rating to a “hold” rating in a research note on Sunday, October 25th. Zacks Research upgraded shares of Apollo Commercial Real Estate Finance from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 15th. Finally, Weiss Ratings lowered shares of Apollo Commercial Real Estate Finance from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th.
View Our Latest Research Report on ARI
Hedge Funds Weigh In On Apollo Commercial Real Estate Finance
Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of Apollo Commercial Real Estate Finance by 41.7% in the 2nd quarter. GAMMA Investing LLC now owns 5,395 shares of the real estate investment trust’s stock worth $58,000 after acquiring an additional 1,587 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Apollo Commercial Real Estate Finance by 61.7% in the first quarter. Parallel Advisors LLC now owns 4,656 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 1,777 shares in the last quarter. Resources Management Corp CT ADV grew its stake in Apollo Commercial Real Estate Finance by 28.6% in the first quarter. Resources Management Corp CT ADV now owns 8,618 shares of the real estate investment trust’s stock valued at $91,000 after acquiring an additional 1,918 shares during the period. Bessemer Group Inc. grew its stake in 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 acquiring an additional 2,589 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Apollo Commercial Real Estate Finance during the second quarter worth approximately $36,000. 54.43% of the stock is currently owned by institutional investors and hedge funds.
Apollo Commercial Real Estate Finance Stock Performance
Shares of ARI opened at $2.33 on Friday. The company has a market capitalization of $299.51 million, a P/E ratio of 2.91 and a beta of 1.40. Apollo Commercial Real Estate Finance has a one year low of $2.30 and a one year high of $11.24. The stock has a 50-day moving average price of $6.42 and a 200 day moving average price of $9.11.
Apollo Commercial Real Estate Finance (NYSE:ARI – Get Free Report) last posted its quarterly earnings data 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 return on equity of 7.39% and a net margin of 55.49%. The business had revenue of $44.38 million for 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 fiscal year.
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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