Apollo Commercial Real Est. Finance (NYSE:ARI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday, January 3rd.

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. “

Apollo Commercial Real Est. Finance (NYSE:ARI) opened at $18.31 on Wednesday. The firm has a market cap of $1,972.10, a price-to-earnings ratio of 9.79 and a beta of 0.63. Apollo Commercial Real Est. Finance has a 1-year low of $17.07 and a 1-year high of $19.92. The company has a quick ratio of 291.34, a current ratio of 291.34 and a debt-to-equity ratio of 0.83.

Apollo Commercial Real Est. Finance (NYSE:ARI) last announced its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.47 EPS for the quarter, topping the consensus estimate of $0.42 by $0.05. The business had revenue of $71.24 million for the quarter, compared to analysts’ expectations of $66.40 million. Apollo Commercial Real Est. Finance had a net margin of 86.07% and a return on equity of 10.32%. The business’s quarterly revenue was up 33.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.45 EPS. analysts expect that Apollo Commercial Real Est. Finance will post 1.61 earnings per share for the current fiscal year.

In other Apollo Commercial Real Est. Finance news, CEO Stuart Rothstein sold 40,000 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $18.39, for a total value of $735,600.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.62% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Apollo Commercial Real Est. Finance by 100.9% in the 2nd quarter. Vanguard Group Inc. now owns 7,216,049 shares of the real estate investment trust’s stock worth $133,857,000 after purchasing an additional 3,624,657 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in Apollo Commercial Real Est. Finance by 0.5% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 4,551,945 shares of the real estate investment trust’s stock worth $82,436,000 after purchasing an additional 22,739 shares in the last quarter. State Street Corp lifted its stake in Apollo Commercial Real Est. Finance by 36.4% in the 2nd quarter. State Street Corp now owns 2,410,961 shares of the real estate investment trust’s stock worth $44,728,000 after purchasing an additional 643,910 shares in the last quarter. APG Asset Management N.V. lifted its stake in Apollo Commercial Real Est. Finance by 99.7% in the 4th quarter. APG Asset Management N.V. now owns 1,358,800 shares of the real estate investment trust’s stock worth $20,878,000 after purchasing an additional 678,400 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Apollo Commercial Real Est. Finance by 0.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,266,644 shares of the real estate investment trust’s stock worth $22,938,000 after purchasing an additional 10,672 shares in the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

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About Apollo Commercial Real Est. Finance

Apollo Commercial Real Estate Finance, Inc is a real estate investment trust. The Company primarily originates, acquires, invests in and manages performing commercial first mortgage loans, subordinate financings, commercial mortgage-backed securities (CMBS) and other commercial real estate-related debt investments.

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