Apollo Commercial Real Estate Finance (NYSE:ARI) Rating Lowered to “Strong Sell” at Zacks Research

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

A number of other research firms also recently weighed in on ARI. Weiss Ratings reissued a “hold (c-)” rating on shares of Apollo Commercial Real Estate Finance in a research report on Monday, December 29th. Wall Street Zen downgraded shares of Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd. JPMorgan Chase & Co. boosted their target price on shares of Apollo Commercial Real Estate Finance from $10.50 to $11.00 and gave the stock an “overweight” rating in a research report on Monday, November 3rd. Finally, Keefe, Bruyette & Woods upped their target price on shares of Apollo Commercial Real Estate Finance from $10.75 to $11.50 and gave the company an “outperform” rating in a research note on Thursday, February 12th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $11.00.

Apollo Commercial Real Estate Finance Stock Up 1.0%

Shares of Apollo Commercial Real Estate Finance stock opened at $10.65 on Thursday. Apollo Commercial Real Estate Finance has a 1-year low of $7.70 and a 1-year high of $11.20. The company has a market capitalization of $1.49 billion, a PE ratio of 13.31 and a beta of 1.54. The company has a debt-to-equity ratio of 0.66, a current ratio of 96.78 and a quick ratio of 96.78. The business has a 50-day moving average of $10.24 and a 200-day moving average of $10.20.

Apollo Commercial Real Estate Finance (NYSE:ARI) last issued its quarterly earnings results on Tuesday, February 10th. The real estate investment trust reported $0.26 EPS for the quarter, meeting analysts’ consensus estimates of $0.26. Apollo Commercial Real Estate Finance had a return on equity of 7.94% and a net margin of 46.66%.The firm had revenue of $73.25 million during the quarter, compared to the consensus estimate of $46.97 million. As a group, equities analysts forecast that Apollo Commercial Real Estate Finance will post 0.63 EPS for the current fiscal year.

Insiders Place Their Bets

In other Apollo Commercial Real Estate Finance news, CEO Stuart Rothstein sold 52,072 shares of the business’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $10.16, for a total transaction of $529,051.52. Following the completion of the sale, the chief executive officer owned 229,709 shares in the company, valued at $2,333,843.44. The trade was a 18.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.68% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC raised its stake in Apollo Commercial Real Estate Finance by 60.4% during the fourth quarter. GAMMA Investing LLC now owns 2,832 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 1,066 shares during the period. Farther Finance Advisors LLC boosted its stake in Apollo Commercial Real Estate Finance by 1,047.8% in the third quarter. Farther Finance Advisors LLC now owns 3,145 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 2,871 shares during the period. Danske Bank A S bought a new position in shares of Apollo Commercial Real Estate Finance during the third quarter valued at approximately $50,000. CWM LLC raised its position in shares of Apollo Commercial Real Estate Finance by 66.4% during the 2nd quarter. CWM LLC now owns 6,419 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 2,561 shares during the period. Finally, Resources Management Corp CT ADV raised its position in shares of Apollo Commercial Real Estate Finance by 47,757.1% during the 4th quarter. Resources Management Corp CT ADV now owns 6,700 shares of the real estate investment trust’s stock worth $65,000 after purchasing an additional 6,686 shares during the period. 54.43% of the stock is owned by institutional investors and hedge funds.

Apollo Commercial Real Estate Finance Company Profile

Apollo Commercial Real Estate Finance, Inc (NYSE: ARI) is a real estate finance company structured as a real estate investment trust (REIT). The company focuses on originating, acquiring and managing a diversified portfolio of commercial real estate debt and preferred equity investments. As an externally managed vehicle, ARI leverages the expertise and resources of an affiliate of Apollo Global Management, a leading global alternative investment manager.

ARI’s investment strategy is centered on providing first mortgage loans, mezzanine debt financing, bridge loans and preferred equity across a broad range of property types, including office, retail, industrial and multifamily assets.