Apollo Commercial Real Est. Finance (ARI) Upgraded to Hold at Zacks Investment Research

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Apollo Commercial Real Est. Finance (NYSE:ARI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

According to Zacks, “Apollo Commercial Real Estate Finance, Inc. is focused on investing in, acquiring and managing senior performing commercial real estate mortgage loans, commercial mortgage-backed securities, commercial real estate corporate debt and loans, and other real estate debt investments. The Company is a commercial real estate finance company that is managed and advised by ACREFI Management, LLC, a indirect subsidiary of Apollo Global Management, LLC. “

ARI has been the topic of several other research reports. JPMorgan Chase & Co. raised Apollo Commercial Real Est. Finance from a “neutral” rating to an “overweight” rating and reduced their price objective for the stock from $18.50 to $18.00 in a report on Wednesday, January 16th. Deutsche Bank downgraded Apollo Commercial Real Est. Finance from a “buy” rating to a “hold” rating in a report on Thursday, February 14th. Finally, Barclays upped their price objective on Apollo Commercial Real Est. Finance from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Friday, November 30th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $19.33.

NYSE:ARI opened at $18.07 on Tuesday. Apollo Commercial Real Est. Finance has a 52-week low of $16.41 and a 52-week high of $19.57. The company has a debt-to-equity ratio of 0.24, a quick ratio of 38.08 and a current ratio of 38.08. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of 10.82 and a beta of 0.62.

Apollo Commercial Real Est. Finance (NYSE:ARI) last posted its quarterly earnings data on Wednesday, February 13th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.46. Apollo Commercial Real Est. Finance had a return on equity of 9.78% and a net margin of 76.04%. The firm had revenue of $77.81 million for the quarter, compared to the consensus estimate of $80.88 million. During the same quarter in the prior year, the business earned $0.12 EPS. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. On average, analysts expect that Apollo Commercial Real Est. Finance will post 1.78 earnings per share for the current year.

In related news, Director Mark C. Biderman sold 10,000 shares of the company’s stock in a transaction on Friday, December 7th. The shares were sold at an average price of $18.85, for a total value of $188,500.00. Following the completion of the sale, the director now owns 46,718 shares in the company, valued at approximately $880,634.30. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Stuart Rothstein sold 40,000 shares of the company’s stock in a transaction on Tuesday, January 15th. The shares were sold at an average price of $17.48, for a total transaction of $699,200.00. The disclosure for this sale can be found here. Corporate insiders own 0.65% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. increased its holdings in Apollo Commercial Real Est. Finance by 35.0% during the 2nd quarter. Advisors Asset Management Inc. now owns 25,881 shares of the real estate investment trust’s stock worth $473,000 after purchasing an additional 6,703 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Apollo Commercial Real Est. Finance by 3.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,528,232 shares of the real estate investment trust’s stock worth $27,936,000 after buying an additional 57,512 shares during the last quarter. Aperio Group LLC boosted its stake in shares of Apollo Commercial Real Est. Finance by 6.5% during the 3rd quarter. Aperio Group LLC now owns 87,895 shares of the real estate investment trust’s stock worth $1,659,000 after buying an additional 5,332 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Apollo Commercial Real Est. Finance by 35.3% during the 3rd quarter. IFP Advisors Inc now owns 14,974 shares of the real estate investment trust’s stock worth $283,000 after buying an additional 3,906 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Apollo Commercial Real Est. Finance by 84.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 34,626 shares of the real estate investment trust’s stock worth $653,000 after buying an additional 15,882 shares during the last quarter. Institutional investors and hedge funds own 68.14% of the company’s stock.

Apollo Commercial Real Est. Finance Company Profile

Apollo Commercial Real Estate Finance, Inc operates as a real estate investment trust (REIT) that primarily originates, acquires, invests in, and manages commercial first mortgage loans, subordinate financings, and other commercial real estate-related debt investments in the United States. The company is qualified as a REIT under the Internal Revenue Code.

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