Zacks Investment Research Downgrades Apollo Commercial Real Estate Finance (NYSE:ARI) 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 research report released Monday, reports Zacks.com.
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.
Regardless, in a report on Monday, Jan.
Shares in ARI stock fell $ 0.26 on Monday to hit $ 15.13. The stock had a trading volume of 390,756 shares, compared with an average volume of 913,475. The company has a debt of 2.40, a current ratio of 81.46 and a quick ratio of 81.46. The company has a market capitalization of $ 2.12 billion, a price / earnings ratio of 11.38, and a beta of 1.31. Apollo Commercial Real Estate Finance has a 1-year low of $ 8.32 and a 1-year high of $ 16.94. The company has a 50-day moving average of $ 15.83.
Apollo Commercial Real Estate Finance (NYSE: ARI) last released its quarterly earnings data on Sunday, July 25th. The Real Estate Investment Trust reported earnings per share (EPS) of $ 0.27 for the quarter, missing the Thomson Reuters 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%. Stock analysts predict that Apollo Commercial Real Estate Finance will generate earnings per share of 1.44 for the current fiscal year.
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In other news from Apollo Commercial Real Estate Finance, CEO Stuart Rothstein sold 12,509 shares of the stock in a transaction that occurred on Thursday, May 27th. The stock sold at an average price of $ 15.62 for a total transaction of $ 195,390.58. The transaction was announced in a legal filing with the Securities & Exchange Commission, which can be accessed via this hyperlink. In addition, director Robert A. Kasdin sold 15,000 shares of the stock in a transaction that occurred on Thursday, May 13th. The stock sold at an average price of $ 14.75 for a total value of $ 221,250.00. Following the sale, the director now directly owns 67,855 shares in the company valued at $ 1,000,861.25. The disclosure for this sale can be found here. In the past three months, insiders sold 63,533 shares in the company for $ 1,004,776. Insiders own 0.59% of the company’s stock.
Hedge funds recently changed their holdings in the company. Eaton Vance Management added a new position in Apollo Commercial Real Estate Finance shares valued at approximately $ 25,000 in the first quarter. Marshall Wace North America LP took on a new position with Apollo Commercial Real Estate Finance in the first quarter valued at approximately $ 25,000. Certified Advisory Corp took on a new position with Apollo Commercial Real Estate Finance in the 1st quarter valued at approximately $ 33,000. CX Institutional took on a new position in Apollo Commercial Real Estate Finance in the second quarter valued at approximately $ 40,000. Finally, Meeder Asset Management Inc. increased its stake in Apollo Commercial Real Estate Finance by 107.8% in the second quarter. Meeder Asset Management Inc. now owns 2,932 shares in the real estate investment trust valued at $ 47,000 after purchasing an additional 1,521 shares last quarter. 59.15% of the shares are owned by institutional investors and hedge funds.
About Apollo Commercial Real Estate Finance
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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