Apollo Commercial Real Estate Finance (NYSE:ARI) Raised to “Buy” at Zacks Investment Research

Apollo Commercial Real Estate Finance (NYSE: ARI) was upgraded from a “hold” rating to a “buy” rating by Zacks Investment Research in a research note issued to investors Monday, Zacks.com reports. The brokerage firm currently has a price target of $ 17.00 on the shares of the Real Estate Investment Trust. Zacks Investment Research’s price target suggests a potential upside of 9.75% from the stock’s previous closing price.

According to Zacks, “Apollo Commercial Real Estate Finance, Inc. is focused on investing in, purchasing, and managing senior commercial mortgage loans, commercial mortgage-backed securities, corporate bonds and loans for commercial real estate, and other real estate bonds.” which is managed and advised by ACREFI Management, LLC, an indirect subsidiary of Apollo Global Management, LLC.

Apollo Commercial Real Estate Finance stock fell $ 0.01 on Monday to hit $ 15.49. 467,085 shares were exchanged compared to an average volume of 876,826 shares. The company’s 50-day moving average is $ 15.40 and the company’s 200-day moving average is $ 15.09. Apollo Commercial Real Estate Finance has an annual low of $ 8.32 and an annual high of $ 16.94. The company has a debt of 2.40, a quick ratio of 81.46 and a current ratio of 81.46. The company has a market cap of $ 2.17 billion, a P / E of 11.65, and a beta of 1.30.

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

Several hedge funds recently added or reduced their stakes in the company. Parametric Portfolio Associates LLC increased its stake in Apollo Commercial Real Estate Finance by 3.4% in the second quarter. Parametric Portfolio Associates LLC now owns 658,246 shares in the real estate investment trust valued at $ 10,499,000 after acquiring an additional 21,616 shares in the most recent quarter. Bramshill Investments LLC increased its stake in Apollo Commercial Real Estate Finance by 11.4% in the second quarter. Bramshill Investments LLC now owns 71,758 shares in the real estate investment trust valued at $ 1,145,000 after purchasing an additional 7,315 shares last quarter. Invesco Ltd. increased its stake in Apollo Commercial Real Estate Finance by 6.7% in the second quarter. Invesco Ltd. now owns 1,982,819 shares in the real estate investment trust valued at $ 31,626,000 after acquiring an additional 124,136 shares in the most recent quarter. Metropolitan Life Insurance Co NY increased its stake in Apollo Commercial Real Estate Finance by 105,405.9% in the second quarter. Metropolitan Life Insurance Co NY now owns 35,872 shares in the real estate investment trust valued at $ 572,000 after purchasing an additional 35,838 shares last quarter. Finally, Millennium Management LLC acquired a new stake in Apollo Commercial Real Estate Finance for $ 1,354,000 in the second quarter. 58.98% of the shares are owned by hedge funds and other institutional investors.

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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