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

Apollo Commercial Real Est. Finance (NYSE:ARI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Thursday. The brokerage currently has a $21.00 price objective on the real estate investment trust’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 11.70% from the stock’s previous close.

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. “

Other analysts also recently issued reports about the company. Deutsche Bank assumed coverage on Apollo Commercial Real Est. Finance in a research note on Friday, May 18th. They issued a “buy” rating for the company. ValuEngine downgraded Apollo Commercial Real Est. Finance from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. UBS Group assumed coverage on Apollo Commercial Real Est. Finance in a research note on Tuesday, March 27th. They issued a “market perform” rating for the company. Finally, Raymond James assumed coverage on Apollo Commercial Real Est. Finance in a research note on Tuesday, March 27th. They issued a “market perform” rating for the company. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $20.00.

ARI traded up $0.08 during trading on Thursday, hitting $18.80. The stock had a trading volume of 788,180 shares, compared to its average volume of 1,640,658. The company has a market capitalization of $2.32 billion, a PE ratio of 12.21 and a beta of 0.52. Apollo Commercial Real Est. Finance has a one year low of $17.56 and a one year high of $19.26. The company has a debt-to-equity ratio of 0.25, a current ratio of 42.65 and a quick ratio of 42.65.

Apollo Commercial Real Est. Finance (NYSE:ARI) last released its quarterly earnings results on Wednesday, May 2nd. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.02). The firm had revenue of $63.20 million during the quarter, compared to the consensus estimate of $66.38 million. Apollo Commercial Real Est. Finance had a net margin of 73.47% and a return on equity of 9.80%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.41 earnings per share. equities analysts anticipate that Apollo Commercial Real Est. Finance will post 1.67 earnings per share for the current fiscal year.

In related news, CFO Jai Agarwal bought 3,000 shares of the business’s stock in a transaction dated Monday, May 21st. The stock was purchased at an average cost of $25.40 per share, for a total transaction of $76,200.00. Following the transaction, the chief financial officer now owns 800 shares in the company, valued at approximately $20,320. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Stuart Rothstein sold 13,654 shares of the company’s stock in a transaction on Monday, April 16th. The shares were sold at an average price of $17.85, for a total value of $243,723.90. The disclosure for this sale can be found here. Corporate insiders own 0.65% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. State Treasurer State of Michigan raised its holdings in shares of Apollo Commercial Real Est. Finance by 39.6% during the 1st quarter. State Treasurer State of Michigan now owns 5,184,968 shares of the real estate investment trust’s stock worth $93,226,000 after buying an additional 1,470,000 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in shares of Apollo Commercial Real Est. Finance by 0.3% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,565,521 shares of the real estate investment trust’s stock worth $84,234,000 after buying an additional 13,576 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Apollo Commercial Real Est. Finance by 6.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,353,288 shares of the real estate investment trust’s stock worth $24,968,000 after buying an additional 86,644 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Apollo Commercial Real Est. Finance by 3.6% during the 1st quarter. Northern Trust Corp now owns 1,289,886 shares of the real estate investment trust’s stock worth $23,193,000 after buying an additional 44,774 shares in the last quarter. Finally, Global X Management Co. LLC raised its holdings in shares of Apollo Commercial Real Est. Finance by 3.3% during the 4th quarter. Global X Management Co. LLC now owns 1,130,834 shares of the real estate investment trust’s stock worth $20,864,000 after buying an additional 35,900 shares in the last quarter. Hedge funds and other institutional investors own 68.98% of the company’s stock.

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.

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.


Leave a Reply