Apollo Commercial Real Est. Finance (NYSE:ARI) Coverage Initiated by Analysts at Compass Point

Compass Point started coverage on shares of Apollo Commercial Real Est. Finance (NYSE:ARI) in a research report sent to investors on Monday, Benzinga reports. The firm issued a neutral rating and a $18.80 price target on the real estate investment trust’s stock.

Several other equities analysts also recently weighed in on the company. Zacks Investment Research downgraded Apollo Commercial Real Est. Finance from a hold rating to a strong sell rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. downgraded Apollo Commercial Real Est. Finance from an overweight rating to a neutral rating and set a $18.50 price objective on the stock. in a research report on Tuesday, October 22nd. Finally, TheStreet downgraded Apollo Commercial Real Est. Finance from a b rating to a c+ rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the company. The company has an average rating of Hold and a consensus target price of $19.43.

Shares of NYSE ARI opened at $18.31 on Monday. Apollo Commercial Real Est. Finance has a 12-month low of $16.41 and a 12-month high of $19.76. The company has a market capitalization of $2.81 billion, a PE ratio of 10.96 and a beta of 0.59. The company has a debt-to-equity ratio of 1.37, a current ratio of 50.29 and a quick ratio of 50.29. The firm’s 50-day moving average is $18.30 and its two-hundred day moving average is $18.65.

Apollo Commercial Real Est. Finance (NYSE:ARI) last issued its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.47 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.47. Apollo Commercial Real Est. Finance had a net margin of 63.86% and a return on equity of 10.43%. The business had revenue of $85.22 million during the quarter, compared to analysts’ expectations of $86.97 million. During the same period last year, the company posted $0.47 EPS. The company’s revenue was up 10.0% on a year-over-year basis. On average, analysts forecast that Apollo Commercial Real Est. Finance will post 1.68 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Apollo Commercial Real Est. Finance by 12.8% during the second quarter. Vanguard Group Inc. now owns 16,588,272 shares of the real estate investment trust’s stock worth $305,058,000 after acquiring an additional 1,876,586 shares during the last quarter. UBS Group AG lifted its position in Apollo Commercial Real Est. Finance by 17.4% during the second quarter. UBS Group AG now owns 2,268,868 shares of the real estate investment trust’s stock valued at $41,724,000 after buying an additional 336,663 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Apollo Commercial Real Est. Finance by 18.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,880,821 shares of the real estate investment trust’s stock worth $34,589,000 after purchasing an additional 295,823 shares during the period. Northern Trust Corp grew its stake in shares of Apollo Commercial Real Est. Finance by 20.0% in the second quarter. Northern Trust Corp now owns 1,824,862 shares of the real estate investment trust’s stock valued at $33,559,000 after buying an additional 304,397 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Apollo Commercial Real Est. Finance by 27.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 904,331 shares of the real estate investment trust’s stock valued at $16,631,000 after acquiring an additional 195,357 shares in the last quarter. 66.18% of the stock is currently owned by institutional investors and hedge funds.

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.

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