Apollo Commercial Real Estate Finance (NYSE:ARI) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

Shares of Apollo Commercial Real Estate Finance (NYSE:ARI) crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $6.53 and traded as high as $6.69. Apollo Commercial Real Estate Finance shares last traded at $6.6250, with a volume of 10,504,100 shares trading hands.

Analyst Ratings Changes

ARI has been the subject of several analyst reports. Wall Street Zen raised shares of Apollo Commercial Real Estate Finance from a “sell” rating to a “hold” rating in a report on Sunday. 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 downgraded 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 issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $11.33.

Apollo Commercial Real Estate Finance Stock Performance

The company has a market cap of $851.58 million, a P/E ratio of 8.28 and a beta of 1.40. The firm’s fifty day moving average is $6.53 and its two-hundred day moving average is $9.20.

Apollo Commercial Real Estate Finance (NYSE:ARI) last issued its quarterly earnings results on Tuesday, August 11th. The real estate investment trust reported ($2.62) earnings per share (EPS) for the quarter. The business had revenue of $44.38 million during the quarter. Apollo Commercial Real Estate Finance had a return on equity of 7.39% and a net margin of 55.49%. On average, equities research analysts expect that Apollo Commercial Real Estate Finance will post -0.18 EPS for the current year.

Hedge Funds Weigh In On Apollo Commercial Real Estate Finance

A number of hedge funds have recently made changes to their positions in ARI. Bessemer Group Inc. grew its position in shares of Apollo Commercial Real Estate Finance by 388.7% during the first quarter. Bessemer Group Inc. now owns 3,255 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 2,589 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in Apollo Commercial Real Estate Finance during the 2nd quarter valued at approximately $36,000. Public Employees Retirement System of Ohio bought a new stake in Apollo Commercial Real Estate Finance during the 2nd quarter valued at approximately $47,000. Parallel Advisors LLC lifted its holdings in 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 purchasing an additional 1,777 shares in the last quarter. Finally, Markowski Investments purchased a new position in Apollo Commercial Real Estate Finance in the 2nd quarter worth approximately $55,000. Institutional investors 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 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.