Wall Street Zen Upgrades Apollo Commercial Real Estate Finance (NYSE:ARI) to Hold

Apollo Commercial Real Estate Finance (NYSE:ARI) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Sunday, Wall Street Zen reports.

Other equities research analysts have also recently issued reports about the stock. 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. 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. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $11.33.

Apollo Commercial Real Estate Finance Price Performance

Shares of Apollo Commercial Real Estate Finance stock opened at $6.62 on Friday. The firm’s fifty day simple moving average is $6.53 and its 200-day simple moving average is $9.20. Apollo Commercial Real Estate Finance has a 12 month low of $6.11 and a 12 month high of $11.24. The stock has a market capitalization of $851.58 million, a price-to-earnings ratio of 8.28 and a beta of 1.40.

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 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. Analysts anticipate 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

Large investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in Apollo Commercial Real Estate Finance in the 2nd quarter valued at $127,411,000. Greenland Capital Management LP purchased a new position in Apollo Commercial Real Estate Finance during the 2nd quarter worth $9,238,000. Renaissance Technologies LLC purchased a new position in Apollo Commercial Real Estate Finance during the 1st quarter worth $3,459,000. Readystate Asset Management LP purchased a new position in Apollo Commercial Real Estate Finance during the 1st quarter worth $4,760,000. Finally, NewGen Asset Management Ltd acquired a new stake in shares of Apollo Commercial Real Estate Finance in the 1st quarter worth $3,228,000. Hedge funds and other 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.