Apollo Commercial Real Estate Finance (NYSE:ARI) Upgraded to Hold by Zacks Investment Research
Apollo Commercial Real Estate Finance (NYSE: ARI) was upgraded from a “strong sell” rating to a “hold” rating by Zacks Investment Research on a rating issued to investors Tuesday, Zacks.com reports.
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. “
Apollo Commercial Real Estate Finance’s stock rose $ 0.04 during trading hours on Tuesday to hit $ 13.50. 736,739 shares were exchanged compared to an average volume of 895,118. The company has a market cap of $ 1.89 billion, a P / E of 9.64, and a beta of 1.30. The company has a current metric of 66.82, a quick ratio of 66.82 and debt of 2.29. Apollo Commercial Real Estate Finance has a twelve-month low of $ 10.69 and a twelve-month high of $ 16.94. The stock has a 50-day moving average of $ 14.32 and a 200-day moving average of $ 15.05.
Apollo Commercial Real Estate Finance (NYSE: ARI) last announced its quarterly earnings data on Sunday, October 24th. The Real Estate Investment Trust reported earnings per share (EPS) of $ 0.35 for the quarter, missing analysts’ consensus estimates of $ 0.36 ($ 0.01). Apollo Commercial Real Estate Finance had a return on equity of 9.26% and a net margin of 80.15%. In the same quarter last year, the company earned $ 0.32 EPS. On average, analysts expect Apollo Commercial Real Estate Finance to achieve earnings per share of 1.37 for the current fiscal year.
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In other news, director Robert A. Kasdin sold 15,000 shares in the company in a transaction that occurred on Wednesday, November 10th. The shares were sold at an average price of $ 15.43 for a total value of $ 231,450.00. The transaction was announced in a filing with the SEC, which is available via this hyperlink. Company insiders own 0.59% of the company’s shares.
Several institutional investors and hedge funds have recently bought and sold shares in the company. Vanguard Group Inc. increased its position in Apollo Commercial Real Estate Finance by 3.7% in the second quarter. Vanguard Group Inc. now owns 14,496,162 shares in the real estate investment trust valued at $ 231,213,000 after purchasing an additional 512,404 shares during the reporting period. State Street Corp increased its position in Apollo Commercial Real Estate Finance by 2.7% in the second quarter. State Street Corp now owns 4,591,471 shares of the real estate investment trust valued at $ 74,833,000 after purchasing an additional 119,623 shares during the period. Geode Capital Management LLC increased its position in Apollo Commercial Real Estate Finance by 6.2% in the 3rd quarter. Geode Capital Management LLC now owns 2,449,579 shares of the real estate investment trust valued at $ 36,327,000 after purchasing an additional 143,358 shares during the reporting period. 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 purchasing an additional 124,136 shares last quarter. Finally, Northern Trust Corp increased its stake in Apollo Commercial Real Estate Finance by 0.8% in the second quarter. Northern Trust Corp now owns 1,653,134 shares of the real estate investment trust valued at $ 26,368,000 after purchasing an additional 13,204 shares last quarter. Institutional investors own 59.04% 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, bridging loans, and preferred capital.
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