Apollo Commercial Real Estate Finance (NYSE:ARI) PT Raised to $15.00 at Credit Suisse Group

Apollo Commercial Real Estate Finance (NYSE: ARI) The price target was raised by the Credit Suisse Group in a research report published on Wednesday from USD 13.00 to USD 15.00, reports Benzinga. The broker currently has a “neutral” rating for the shares of the Real Estate Investment Trust. Credit Suisse Group’s target price would mean a potential gain of 3.16% over the share’s last closing price.

ARI has been the subject of several other reports. Raymond James re-assigned a “hold” rating to shares of Apollo Commercial Real Estate Finance in a research report on Friday, December 4th. BTIG Research started reporting on stocks of Apollo Commercial Real Estate Finance in a research report on Tuesday, February 2nd. They rated the share as “neutral”. Finally, in a research report on Tuesday, December 29th, Zacks Investment Research upgraded Apollo Commercial Real Estate Finance’s shares from a “strong sell” rating to a “hold” rating.

Apollo Commercial Real Estate Finance stock opened at $ 14.54 on Wednesday. Apollo Commercial Real Estate Finance has a 12-month low of $ 4.12 and a 12-month high of $ 14.76. The company has a leverage ratio of 0.45, a current rate of 65.75, and a fast rate of 65.75. The stock has a market cap of $ 2.03 billion, a P / E of 63.22, and a beta of 1.28. The company has a 50-day simple moving average of $ 12.89 and a 200-day simple moving average of $ 10.86.

Apollo Commercial Real Estate Finance (NYSE: ARI) last released its quarterly earnings data on Tuesday, February 9th. The Real Estate Investment Trust reported earnings per share of $ 0.36 for the quarter, beating Zacks’ consensus estimate of $ 0.32 by $ 0.04. Apollo Commercial Real Estate Finance achieved a return on equity of 9.64% and a net margin of 18.14%. On average, analysts forecast that Apollo Commercial Real Estate Finance will achieve earnings per share of 0.92 in the current fiscal year.

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This stock could be a big hit story in 2021.

A number of hedge funds and other institutional investors have recently bought and sold ARI stock. Norges Bank acquired a new stake in Apollo Commercial Real Estate Finance for $ 23,061,000 in the fourth quarter. Great West Life Assurance Co. Can increased its stake in Apollo Commercial Real Estate Finance by 390.7% in the third quarter. Great West Life Assurance Co. Can now owns 879,020 shares of the Real Estate Investment Trust valued at $ 3,068,000 after purchasing an additional 699,870 shares last quarter. Allianz Asset Management GmbH increased its stake in Apollo Commercial Real Estate Finance by 96.2% in the third quarter. Allianz Asset Management GmbH now holds 657,696 shares in the Real Estate Investment Trust valued at $ 5,926,000 after acquiring an additional 322,562 shares in the most recent quarter. Thrivent Financial for Lutherans increased its stake in Apollo Commercial Real Estate Finance by 223.7% in the third quarter. Thrivent Financial for Lutherans now owns 387,577 shares in the real estate investment trust valued at $ 3,492,000 after purchasing an additional 267,837 shares last quarter. Finally, Credit Suisse AG increased its stake in Apollo Commercial Real Estate Finance by 24.4% in the fourth quarter. Credit Suisse AG now holds 1,076,613 shares in the real estate investment trust valued at $ 12,025,000 after purchasing an additional 211,397 shares last quarter. Hedge funds and other institutional investors own 63.71% of the company’s stock.

About Apollo Commercial Real Estate Finance

Apollo Commercial Real Estate Finance, Inc. is a real estate investment trust (REIT) that primarily invests, purchases, invests, and manages commercial first mortgage loans, subordinated finance, and other commercial real estate-related debt in the United States. It is qualified as a REIT under the Internal Revenue Code.

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