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

Research analysts at Compass Point initiated coverage on shares of Apollo Commercial Real Est. Finance (NYSE:ARI) in a report released on Monday, Marketbeat Ratings reports. The firm set a “neutral” rating and a $18.80 price target on the real estate investment trust’s stock. Compass Point’s target price points to a potential upside of 2.51% from the company’s current price.

Several other brokerages also recently weighed in on ARI. 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 target price on the stock. in a report on Tuesday, October 22nd. Finally, TheStreet lowered Apollo Commercial Real Est. Finance from a “b” rating to a “c+” rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Apollo Commercial Real Est. Finance presently has an average rating of “Hold” and an average price target of $19.43.

NYSE:ARI opened at $18.34 on Monday. The firm’s fifty day simple moving average is $18.29 and its 200 day simple moving average is $18.65. The company has a current ratio of 50.29, a quick ratio of 50.29 and a debt-to-equity ratio of 1.37. Apollo Commercial Real Est. Finance has a twelve month low of $16.41 and a twelve month high of $19.76. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of 10.98 and a beta of 0.59.

Apollo Commercial Real Est. Finance (NYSE:ARI) last announced its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.47. Apollo Commercial Real Est. Finance had a return on equity of 10.43% and a net margin of 63.86%. The firm had revenue of $85.22 million during the quarter, compared to the consensus estimate of $86.97 million. During the same period in the prior year, the firm earned $0.47 EPS. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. On average, analysts predict that Apollo Commercial Real Est. Finance will post 1.68 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of ARI. Vanguard Group Inc. boosted its stake in shares of Apollo Commercial Real Est. Finance by 12.8% in the second quarter. Vanguard Group Inc. now owns 16,588,272 shares of the real estate investment trust’s stock valued at $305,058,000 after purchasing an additional 1,876,586 shares during the period. Nuveen Asset Management LLC purchased a new stake in Apollo Commercial Real Est. Finance during the 2nd quarter worth $16,486,000. Renaissance Technologies LLC increased its stake in Apollo Commercial Real Est. Finance by 496.5% during the 2nd quarter. Renaissance Technologies LLC now owns 554,940 shares of the real estate investment trust’s stock worth $10,205,000 after buying an additional 461,900 shares during the period. UBS Group AG lifted its holdings in Apollo Commercial Real Est. Finance by 17.4% in the 2nd quarter. UBS Group AG now owns 2,268,868 shares of the real estate investment trust’s stock worth $41,724,000 after buying an additional 336,663 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in Apollo Commercial Real Est. Finance by 20.0% in the 2nd quarter. Northern Trust Corp now owns 1,824,862 shares of the real estate investment trust’s stock worth $33,559,000 after buying an additional 304,397 shares in the last quarter. 66.18% of the stock is currently owned by institutional investors and hedge funds.

Apollo Commercial Real Est. Finance Company Profile

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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