Apollo Commercial Real Estate Finance (NYSE:ARI) Upgraded to Hold at Wall Street Zen

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

A number of other analysts have also weighed in on the stock. 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. Weiss Ratings cut shares of Apollo Commercial Real Estate Finance from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $11.33.

Apollo Commercial Real Estate Finance Stock Down 0.1%

Shares of ARI opened at $6.42 on Friday. The business’s 50-day moving average price is $6.54 and its 200-day moving average price is $8.69. Apollo Commercial Real Estate Finance has a twelve month low of $6.11 and a twelve month high of $11.24. The stock has a market cap of $824.58 million, a PE ratio of 8.02 and a beta of 1.40.

Apollo Commercial Real Estate Finance (NYSE:ARI) last announced its quarterly 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 firm had revenue of $44.38 million during the quarter. Analysts expect that Apollo Commercial Real Estate Finance will post -0.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Apollo Commercial Real Estate Finance

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in Apollo Commercial Real Estate Finance during the second quarter worth about $127,411,000. Empyrean Capital Partners LP purchased a new position in shares of Apollo Commercial Real Estate Finance in the 1st quarter worth about $9,332,000. Greenland Capital Management LP bought a new position in shares of Apollo Commercial Real Estate Finance during the 2nd quarter valued at about $9,238,000. Bank of New York Mellon Corp bought a new position in shares of Apollo Commercial Real Estate Finance during the 2nd quarter valued at about $6,767,000. Finally, Azora Capital LP bought a new position in shares of Apollo Commercial Real Estate Finance during the 2nd quarter valued at about $6,727,000. Hedge funds and other institutional investors own 54.43% of the company’s stock.

Apollo Commercial Real Estate Finance Company Profile

Apollo Commercial Real Estate Finance, Inc (NYSE: ARI) is a real estate investment trust focused on originating, acquiring, investing in and managing commercial real estate debt and related investments. The company primarily seeks income from commercial real estate loans and other credit investments rather than directly owning and operating properties.

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