Wall Street Zen Downgrades Apollo Commercial Real Estate Finance (NYSE:ARI) to Sell

Apollo Commercial Real Estate Finance (NYSE:ARI) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Sunday, Wall Street Zen reports.

ARI has been the subject of several other research reports. Weiss Ratings cut Apollo Commercial Real Estate Finance from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, August 31st. BTIG Research downgraded Apollo Commercial Real Estate Finance from a “buy” rating to a “neutral” rating in a research note on Thursday, June 25th. Finally, Zacks Research raised shares of Apollo Commercial Real Estate Finance from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 15th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $11.33.

Apollo Commercial Real Estate Finance Stock Down 0.6%

NYSE ARI opened at $6.21 on Friday. The business’s fifty day simple moving average is $6.71 and its 200-day simple moving average is $9.25. Apollo Commercial Real Estate Finance has a 52 week low of $6.15 and a 52 week high of $11.24. The firm has a market cap of $797.59 million, a PE ratio of 7.76 and a beta of 1.36.

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

Institutional Trading of Apollo Commercial Real Estate Finance

A number of institutional investors have recently bought and sold shares of ARI. Bessemer Group Inc. grew its position in shares of Apollo Commercial Real Estate Finance by 388.7% in the first 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 purchased a new position in shares of Apollo Commercial Real Estate Finance during the 2nd quarter worth about $36,000. Public Employees Retirement System of Ohio purchased a new position in shares of Apollo Commercial Real Estate Finance in the 2nd quarter worth $47,000. Parallel Advisors LLC raised its holdings 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 purchasing an additional 1,777 shares during the period. Finally, Markowski Investments acquired a new position in Apollo Commercial Real Estate Finance during the second quarter valued at approximately $55,000. 54.43% of the stock is currently owned by hedge funds and other institutional investors.

Apollo Commercial Real Estate Finance Company Profile

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.