Apollo Commercial Real Est. Finance (NYSE:ARI) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Apollo Commercial Real Est. Finance (NYSE:ARI) from a sell rating to a hold rating in a research note published on Monday morning, Zacks.com reports.

According to Zacks, “Apollo Commercial Real Estate Finance, Inc. is focused on investing in, acquiring and managing senior performing commercial real estate mortgage loans, commercial mortgage-backed securities, commercial real estate corporate debt and loans, and other real estate debt investments. The Company is a commercial real estate finance company that is managed and advised by ACREFI Management, LLC, a indirect subsidiary of Apollo Global Management, LLC. “

NYSE ARI opened at $19.35 on Monday. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 11.59 and a beta of 0.62. The company has a quick ratio of 44.69, a current ratio of 44.69 and a debt-to-equity ratio of 0.39. The business has a 50-day moving average price of $18.77 and a 200-day moving average price of $18.58. Apollo Commercial Real Est. Finance has a twelve month low of $16.41 and a twelve month high of $19.56.



Apollo Commercial Real Est. Finance (NYSE:ARI) last released its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The firm had revenue of $84.99 million during the quarter, compared to analyst estimates of $82.63 million. Apollo Commercial Real Est. Finance had a return on equity of 10.22% and a net margin of 75.64%. The business’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.44 earnings per share. Research analysts expect that Apollo Commercial Real Est. Finance will post 1.71 EPS for the current fiscal year.

In other news, Director Michael Salvati sold 20,000 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $19.02, for a total value of $380,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.39% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ARI. Mercer Global Advisors Inc. ADV bought a new position in shares of Apollo Commercial Real Est. Finance in the first quarter worth about $214,000. BNP Paribas Arbitrage SA boosted its stake in Apollo Commercial Real Est. Finance by 107.3% during the first quarter. BNP Paribas Arbitrage SA now owns 28,771 shares of the real estate investment trust’s stock valued at $524,000 after buying an additional 14,889 shares during the last quarter. Rhumbline Advisers boosted its stake in Apollo Commercial Real Est. Finance by 0.9% during the first quarter. Rhumbline Advisers now owns 372,330 shares of the real estate investment trust’s stock valued at $6,776,000 after buying an additional 3,400 shares during the last quarter. Texas Permanent School Fund boosted its stake in Apollo Commercial Real Est. Finance by 4.1% during the first quarter. Texas Permanent School Fund now owns 76,590 shares of the real estate investment trust’s stock valued at $1,394,000 after buying an additional 3,012 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its stake in Apollo Commercial Real Est. Finance by 16.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 66,885 shares of the real estate investment trust’s stock valued at $1,217,000 after buying an additional 9,641 shares during the last quarter. 65.39% of the stock is owned by hedge funds and other institutional investors.

About Apollo Commercial Real Est. Finance

Apollo Commercial Real Estate Finance, Inc operates as a real estate investment trust (REIT) that primarily originates, acquires, invests in, and manages commercial first mortgage loans, subordinate financings, and other commercial real estate-related debt investments in the United States. The company is qualified as a REIT under the Internal Revenue Code.

See Also: Moving Average – How it Helps Investors in Stock Selection

Get a free copy of the Zacks research report on Apollo Commercial Real Est. Finance (ARI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Apollo Commercial Real Est. Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apollo Commercial Real Est. Finance and related companies with MarketBeat.com's FREE daily email newsletter.