Apollo Commercial Real Estate Finance (NYSE:ARI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Apollo Commercial Real Estate Finance (NYSE:ARI) from a sell rating to a hold rating in a research note published on Sunday morning,Wall Street Zen reports.

Other analysts have also issued reports about the stock. Zacks Research raised shares of Apollo Commercial Real Estate Finance from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 15th. Weiss Ratings lowered shares of Apollo Commercial Real Estate Finance from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Apollo Commercial Real Estate Finance currently has an average rating of “Hold” and a consensus target price of $11.33.

Apollo Commercial Real Estate Finance Trading Down 0.1%

Shares of ARI stock opened at $6.60 on Friday. Apollo Commercial Real Estate Finance has a 1 year low of $6.11 and a 1 year high of $11.24. The stock has a fifty day moving average of $6.53 and a two-hundred day moving average of $9.18.

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 firm had revenue of $44.38 million during the quarter. As a group, research analysts predict that Apollo Commercial Real Estate Finance will post -0.18 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. BlackRock Inc. bought a new stake in Apollo Commercial Real Estate Finance in the second quarter worth $127,411,000. Greenland Capital Management LP bought a new position in Apollo Commercial Real Estate Finance during the second quarter valued at about $9,238,000. Renaissance Technologies LLC bought a new position in Apollo Commercial Real Estate Finance during the first quarter valued at about $3,459,000. Readystate Asset Management LP bought a new position in Apollo Commercial Real Estate Finance during the first quarter valued at about $4,760,000. Finally, NewGen Asset Management Ltd acquired a new stake in shares of Apollo Commercial Real Estate Finance in the first quarter worth about $3,228,000. 54.43% of the stock is owned by institutional investors and hedge funds.

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.