Apollo Commercial Real Estate Finance (NYSE:ARI) Cut to “Sell” at Wall Street Zen

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

A number of other equities research analysts have also recently issued reports on the company. BTIG Research cut Apollo Commercial Real Estate Finance from a “buy” rating to a “neutral” rating in a research note on Thursday, June 25th. Weiss Ratings downgraded shares of Apollo Commercial Real Estate Finance from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. 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 analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Apollo Commercial Real Estate Finance currently has a consensus rating of “Hold” and a consensus target price of $11.33.

Apollo Commercial Real Estate Finance Price Performance

NYSE:ARI opened at $6.33 on Friday. The company has a market capitalization of $813.02 million, a P/E ratio of 7.60 and a beta of 1.40. The business has a fifty day simple moving average of $6.58 and a two-hundred day simple moving average of $8.81. Apollo Commercial Real Estate Finance has a 1 year low of $6.11 and a 1 year high of $11.24.

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 for the quarter. Apollo Commercial Real Estate Finance had a net margin of 55.49% and a return on equity of 7.39%. As a group, 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

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new position in Apollo Commercial Real Estate Finance in the 2nd quarter worth about $127,411,000. Greenland Capital Management LP bought a new stake in shares of Apollo Commercial Real Estate Finance during the second quarter valued at about $9,238,000. Renaissance Technologies LLC bought a new stake in shares of Apollo Commercial Real Estate Finance during the first quarter valued at about $3,459,000. Readystate Asset Management LP bought a new stake in shares of Apollo Commercial Real Estate Finance during the first quarter valued at about $4,760,000. Finally, NewGen Asset Management Ltd bought a new stake in shares of Apollo Commercial Real Estate Finance during the first quarter valued at about $3,228,000. 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, 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.