Apollo Commercial Real Est. Finance (ARI) Raised to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Apollo Commercial Real Est. Finance (NYSE:ARI) from a sell rating to a hold rating in a report released on Wednesday morning.

According to Zacks, “Apollo Commercial Real Estate Finance, Inc. is focused on investing in, acquiring and managing senior performing commercial real estate mortgage loans, commercial mortgage-backed securities, commercial real estate corporate debt and loans, and other real estate debt investments. The Company is a commercial real estate finance company that is managed and advised by ACREFI Management, LLC, a indirect subsidiary of Apollo Global Management, LLC. “

Several other equities analysts also recently commented on the stock. JPMorgan Chase & Co. upgraded shares of Apollo Commercial Real Est. Finance from a neutral rating to an overweight rating and decreased their price target for the company from $18.50 to $18.00 in a research note on Wednesday, January 16th. Barclays upped their price target on shares of Apollo Commercial Real Est. Finance from $18.00 to $19.00 and gave the company an equal weight rating in a research note on Friday, November 30th. Finally, Deutsche Bank downgraded shares of Apollo Commercial Real Est. Finance from a buy rating to a hold rating in a research note on Thursday, February 14th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of Hold and an average price target of $19.33.

NYSE:ARI opened at $18.09 on Wednesday. Apollo Commercial Real Est. Finance has a one year low of $16.41 and a one year high of $19.57. The firm has a market capitalization of $2.44 billion, a price-to-earnings ratio of 10.99 and a beta of 0.62. The company has a debt-to-equity ratio of 0.24, a quick ratio of 38.08 and a current ratio of 38.08.

Apollo Commercial Real Est. Finance (NYSE:ARI) last released its quarterly earnings results on Wednesday, February 13th. The real estate investment trust reported $0.46 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.46. Apollo Commercial Real Est. Finance had a net margin of 76.04% and a return on equity of 9.78%. The business had revenue of $77.81 million for the quarter, compared to the consensus estimate of $80.88 million. During the same period in the prior year, the company posted $0.12 earnings per share. Apollo Commercial Real Est. Finance’s revenue was up 12.5% compared to the same quarter last year. On average, analysts predict that Apollo Commercial Real Est. Finance will post 1.78 earnings per share for the current fiscal year.

In other Apollo Commercial Real Est. Finance news, Director Mark C. Biderman sold 10,000 shares of the stock in a transaction dated Friday, December 7th. The shares were sold at an average price of $18.85, for a total transaction of $188,500.00. Following the sale, the director now directly owns 46,718 shares in the company, valued at $880,634.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Stuart Rothstein sold 40,000 shares of the stock in a transaction dated Tuesday, January 15th. The stock was sold at an average price of $17.48, for a total transaction of $699,200.00. The disclosure for this sale can be found here. Corporate insiders own 0.65% of the company’s stock.

A number of institutional investors have recently made changes to their positions in ARI. State of Alaska Department of Revenue lifted its holdings in shares of Apollo Commercial Real Est. Finance by 1.8% in the fourth quarter. State of Alaska Department of Revenue now owns 37,576 shares of the real estate investment trust’s stock worth $626,000 after acquiring an additional 663 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of Apollo Commercial Real Est. Finance by 7.2% in the fourth quarter. Bank of Montreal Can now owns 11,394 shares of the real estate investment trust’s stock worth $190,000 after acquiring an additional 763 shares during the last quarter. Resources Investment Advisors Inc. lifted its holdings in shares of Apollo Commercial Real Est. Finance by 66.0% in the fourth quarter. Resources Investment Advisors Inc. now owns 2,000 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 795 shares during the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of Apollo Commercial Real Est. Finance by 1.1% in the fourth quarter. Oppenheimer & Co. Inc. now owns 74,139 shares of the real estate investment trust’s stock worth $1,235,000 after acquiring an additional 800 shares during the last quarter. Finally, Piedmont Investment Advisors Inc. lifted its holdings in shares of Apollo Commercial Real Est. Finance by 3.7% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 27,148 shares of the real estate investment trust’s stock worth $452,000 after acquiring an additional 964 shares during the last quarter. Hedge funds and other institutional investors own 68.14% of the company’s stock.

Apollo Commercial Real Est. Finance Company Profile

Apollo Commercial Real Estate Finance, Inc operates as a real estate investment trust (REIT) that primarily originates, acquires, invests in, and manages commercial first mortgage loans, subordinate financings, and other commercial real estate-related debt investments in the United States. The company is qualified as a REIT under the Internal Revenue Code.

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