Apollo Commercial Real Estate Finance (NYSE:ARI) Stock Now Rated “Hold” by Wall Street Analysts

Apollo Commercial Real Estate Finance (NYSE:ARI) has been assigned a consensus rating of “Hold” from the five research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $11.50.

Several equities research analysts have recently commented on the company. Zacks Research raised 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 lowered Apollo Commercial Real Estate Finance from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. purchased a new position in Apollo Commercial Real Estate Finance in the second quarter worth about $127,411,000. Empyrean Capital Partners LP bought a new position in shares of Apollo Commercial Real Estate Finance in the 1st quarter valued at approximately $9,332,000. Greenland Capital Management LP acquired a new position in shares of Apollo Commercial Real Estate Finance in the 2nd quarter valued at $9,238,000. Bank of New York Mellon Corp acquired a new position in Apollo Commercial Real Estate Finance in the second quarter valued at about $6,767,000. Finally, Azora Capital LP bought a new position in Apollo Commercial Real Estate Finance in the 2nd quarter valued at $6,727,000. Institutional investors and hedge funds own 54.43% of the company’s stock.

Apollo Commercial Real Estate Finance Stock Performance

Shares of Apollo Commercial Real Estate Finance stock opened at $2.32 on Friday. The firm’s 50-day simple moving average is $5.97 and its 200-day simple moving average is $8.92. The firm has a market cap of $297.70 million, a P/E ratio of 2.75 and a beta of 1.53. Apollo Commercial Real Estate Finance has a twelve month low of $2.26 and a twelve month high of $11.24.

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) EPS for the quarter. The business had revenue of $44.38 million for the quarter. Apollo Commercial Real Estate Finance had a net margin of 55.49% and a return on equity of 7.39%. On average, equities 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.