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

Apollo Commercial Real Estate Finance (NYSE:ARI) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday, Wall Street Zen reports.

Other analysts also recently issued research reports about the stock. Weiss Ratings downgraded shares of Apollo Commercial Real Estate Finance from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, August 31st. BTIG Research cut shares of Apollo Commercial Real Estate Finance from a “buy” rating to a “neutral” rating in a report on Thursday, June 25th. Finally, Zacks Research upgraded shares of Apollo Commercial Real Estate Finance from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 15th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $11.33.

Apollo Commercial Real Estate Finance Price Performance

ARI stock opened at $6.25 on Monday. Apollo Commercial Real Estate Finance has a fifty-two week low of $6.11 and a fifty-two week high of $11.24. The stock has a market capitalization of $804.02 million, a price-to-earnings ratio of 7.82 and a beta of 1.40. The business’s fifty day moving average price is $6.64 and its two-hundred day moving average price is $9.07.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ARI. Bessemer Group Inc. increased its stake in shares of Apollo Commercial Real Estate Finance by 388.7% in the 1st quarter. Bessemer Group Inc. now owns 3,255 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 2,589 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Apollo Commercial Real Estate Finance in the second quarter valued at about $36,000. Public Employees Retirement System of Ohio acquired a new stake in Apollo Commercial Real Estate Finance in the second quarter valued at about $47,000. Parallel Advisors LLC grew its position in Apollo Commercial Real Estate Finance by 61.7% in the first quarter. Parallel Advisors LLC now owns 4,656 shares of the real estate investment trust’s stock valued at $49,000 after acquiring an additional 1,777 shares during the last quarter. Finally, Markowski Investments bought a new position in Apollo Commercial Real Estate Finance in the second quarter valued at about $55,000. 54.43% of the stock is currently owned by institutional investors and hedge funds.

About Apollo Commercial Real Estate Finance

Apollo Commercial Real Estate Finance, Inc (NYSE:ARI) is a real estate investment trust (REIT) that originates, acquires, invests in and manages commercial real estate debt. The company primarily focuses on loans secured by institutional-quality properties and seeks to generate income from a diversified portfolio of commercial real estate investments.

Its investments may include senior mortgage loans, mezzanine loans, subordinated debt and other commercial real estate-related financing arrangements.