Apollo Commercial Real Estate Finance (NYSE:ARI) Stock Rating Lowered by Wall Street Zen

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

Other equities analysts have also recently issued reports about the company. Weiss Ratings cut Apollo Commercial Real Estate Finance from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Zacks Research upgraded shares of Apollo Commercial Real Estate Finance from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 15th. Finally, 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. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $11.33.

Apollo Commercial Real Estate Finance Trading Up 0.3%

Shares of NYSE:ARI opened at $6.40 on Friday. The company has a 50-day moving average price of $6.59 and a 200-day moving average price of $8.84. The company has a market cap of $822.53 million, a price-to-earnings ratio of 8.00 and a beta of 1.40. Apollo Commercial Real Estate Finance has a 12 month low of $6.11 and a 12 month high of $11.24.

Apollo Commercial Real Estate Finance (NYSE:ARI) last posted 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 return on equity of 7.39% and a net margin of 55.49%. The business had revenue of $44.38 million during the quarter. As a group, research analysts forecast that Apollo Commercial Real Estate Finance will post -0.18 EPS for the current fiscal year.

Institutional Investors Weigh In On Apollo Commercial Real Estate Finance

A number of hedge funds and other institutional investors have recently bought and sold shares of ARI. BlackRock Inc. bought a new position in shares of Apollo Commercial Real Estate Finance in the second quarter worth approximately $127,411,000. Empyrean Capital Partners LP purchased a new position in Apollo Commercial Real Estate Finance in the 1st quarter worth about $9,332,000. Greenland Capital Management LP bought a new position in Apollo Commercial Real Estate Finance during the 2nd quarter valued at about $9,238,000. First Trust Advisors LP lifted its stake in Apollo Commercial Real Estate Finance by 23.0% during the 1st quarter. First Trust Advisors LP now owns 782,514 shares of the real estate investment trust’s stock valued at $8,263,000 after acquiring an additional 146,131 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in Apollo Commercial Real Estate Finance during the 2nd quarter valued at about $6,767,000. 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, 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.