Zacks Research Upgrades Apollo Commercial Real Estate Finance (NYSE:ARI) to Hold

Apollo Commercial Real Estate Finance (NYSE:ARI) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday, Zacks reports.

Several other research firms have also recently commented on ARI. Wall Street Zen cut shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a research report on Sunday, September 6th. Weiss Ratings cut shares of Apollo Commercial Real Estate Finance from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, August 31st. Finally, BTIG Research downgraded shares of Apollo Commercial Real Estate Finance from a “buy” rating to a “neutral” rating in a research note on Thursday, June 25th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $11.33.

Apollo Commercial Real Estate Finance Stock Down 0.1%

Shares of Apollo Commercial Real Estate Finance stock opened at $6.50 on Tuesday. The business has a 50 day moving average of $7.15 and a 200 day moving average of $9.48. Apollo Commercial Real Estate Finance has a 52 week low of $6.43 and a 52 week high of $11.24. The company has a market cap of $836.15 million, a PE ratio of 8.13 and a beta of 1.36.

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

Hedge Funds Weigh In On Apollo Commercial Real Estate Finance

Several institutional investors and hedge funds have recently added to or reduced their stakes in ARI. Bessemer Group Inc. boosted its holdings in shares of Apollo Commercial Real Estate Finance by 388.7% during the 1st quarter. Bessemer Group Inc. now owns 3,255 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 2,589 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of Apollo Commercial Real Estate Finance in the 2nd quarter worth about $36,000. Public Employees Retirement System of Ohio bought a new position in shares of Apollo Commercial Real Estate Finance in the 2nd quarter worth about $47,000. Parallel Advisors LLC increased its stake in shares of Apollo Commercial Real Estate Finance by 61.7% in the 1st quarter. Parallel Advisors LLC now owns 4,656 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 1,777 shares in the last quarter. Finally, Markowski Investments purchased a new position in Apollo Commercial Real Estate Finance during the 2nd quarter valued at about $55,000. 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 (REIT) that originates, acquires and manages commercial real estate debt investments. The company primarily seeks income from loans and other financing arrangements secured by commercial properties.

Its investment activities may include senior mortgage loans, subordinate and mezzanine financing, preferred equity investments, commercial mortgage-backed securities and other commercial real estate-related assets.