Apollo Commercial Real Estate Finance (NYSE:ARI) Downgraded by Zacks Investment Research to Hold

Apollo Commercial Real Estate Finance (NYSE: ARI) was downgraded from a “buy” rating to a “hold” rating by Zacks Investment Research in a report released Monday, reports Zacks.com.

According to Zacks, Apollo Commercial Real Estate Finance, Inc. is focused on investing in, acquiring, and managing senior commercial mortgage loans, mortgage-backed securities, corporate bonds and loans for commercial real estate, and other real estate bonds.The company is a commercial real estate finance company owned by ACREFI Management, LLC, an indirect subsidiary of Apollo Global Management, LLC, manages and advises.

Regardless of this, Raymond James published a research report on Monday, April 26th.

Apollo Commercial Real Estate Finance stock traded around $ 0.15 during midday trading on Monday to hit $ 15.10. The company’s stock had a trading volume of 498,984 shares versus an average volume of 902,079. Apollo Commercial Real Estate Finance has a 12-month low of $ 8.32 and a 12-month high of $ 16.94. The company has a market cap of $ 2.11 billion, a P / E of 11.35, and a beta of 1.31. The company has a quick ratio of 81.46, a current ratio of 81.46, and debt of 2.40. The stock has a fifty-day moving average of $ 15.76.

Apollo Commercial Real Estate Finance (NYSE: ARI) last released its quarterly results on Sunday, July 25th. The Real Estate Investment Trust reported $ 0.27 EPS for the quarter, missing analysts’ consensus estimate of $ 0.35 ($ 0.08). Apollo Commercial Real Estate Finance had a net margin of 75.66% and a return on equity of 9.32%. Equity analysts expect Apollo Commercial Real Estate Finance to post 1.44 EPS for the current fiscal year.

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In related news, CEO Stuart Rothstein sold 6,241 shares in the company in one transaction on Tuesday, May 25th. The shares were sold at an average price of $ 15.53 for a total value of $ 96,922.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed on the SEC website. Insiders sold 48,533 shares in the company last quarter, valued at $ 783,526. Company insiders hold 0.59% of the shares.

A number of major investors recently changed their positions in the stock. Marshall Wace North America LP bought a new stake in Apollo Commercial Real Estate Finance worth $ 25,000 in the first quarter. Truist Financial Corp bought a new stake in Apollo Commercial Real Estate Finance for $ 306,000 in the fourth quarter. UBS Asset Management Americas Inc. increased its stake in Apollo Commercial Real Estate Finance by 7.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 177,492 shares in the real estate investment trust valued at $ 1,983,000 after purchasing an additional 12,438 shares last quarter. Norges Bank bought a new stake in Apollo Commercial Real Estate Finance for $ 23,061,000 in the fourth quarter. Finally, Taylor Frigon Capital Management LLC increased its stake in Apollo Commercial Real Estate Finance by 2.3% in the first quarter. Taylor Frigon Capital Management LLC now owns 67,856 shares of the real estate investment trust valued at $ 948,000 after purchasing an additional 1,531 shares last quarter. Institutional investors own 59.15% of the company’s shares.

Apollo Commercial Real Estate Finance company profile

Apollo Commercial Real Estate Finance, Inc. is a real estate investment trust that creates, acquires, invests, and manages commercial real estate mortgage loans, subordinated finance, and other commercial real estate debt investments. It offers loan programs that include Senior Loans, Subordinated Loans, Bridge Loans, and Preferred Equity.

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