Apollo Commercial Real Estate Finance (NYSE:ARI) Cut to Sell at Zacks Investment Research
Apollo Commercial Real Estate Finance (NYSE:ARI – Get Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday, Zacks.com reports.
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, an indirect subsidiary of Apollo Global Management, LLC.”
Shares of ARI stock traded up $0.11 on Friday, hitting $13.39. The company had a trading volume of 607,066 shares, compared to its average volume of 1,279,606. The firm has a market cap of $1.88 billion, a P/E ratio of 9.56 and a beta of 1.22. The company has a 50-day moving average price of $13.34 and a 200-day moving average price of $14.22. The company has a quick ratio of 71.68, a current ratio of 71.68 and a debt-to-equity ratio of 0.80. Apollo Commercial Real Estate Finance has a twelve month low of $12.10 and a twelve month high of $16.94.
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Apollo Commercial Real Estate Finance (NYSE:ARI – Get Rating) last posted its quarterly earnings results on Tuesday, February 8th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. Apollo Commercial Real Estate Finance had a return on equity of 8.92% and a net margin of 81.92%. During the same period last year, the firm earned $0.33 earnings per share. Equities research analysts expect that Apollo Commercial Real Estate Finance will post 1.19 EPS for the current year.
Large investors have recently made changes to their positions in the stock. Marshall Wace North America LP purchased a new stake in Apollo Commercial Real Estate Finance in the 1st quarter worth approximately $25,000. Gemmer Asset Management LLC boosted its position in Apollo Commercial Real Estate Finance by 234.0% during the 4th quarter. Gemmer Asset Management LLC now owns 1,927 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 1,350 shares during the period. Evolution Wealth Advisors LLC purchased a new stake in Apollo Commercial Real Estate Finance during the 3rd quarter worth $32,000. Quadrant Capital Group LLC lifted its holdings in Apollo Commercial Real Estate Finance by 305.4% in the 4th quarter. Quadrant Capital Group LLC now owns 2,161 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 1,628 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its holdings in Apollo Commercial Real Estate Finance by 83.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,200 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 57.32% of the company’s stock.
About Apollo Commercial Real Estate Finance (Get Rating)
Apollo Commercial Real Estate Finance, Inc is a real estate investment trust which originates, acquires, invests in, and manages performing commercial real estate mortgage loans, subordinate financings, and other commercial real estate-related debt investments. It offers loan programs that include senior loans, subordinate debt, bridge loans, and preferred equity.
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