Apollo Commercial Real Est. Finance (ARI) Coverage Initiated at BTIG Research

Equities research analysts at BTIG Research began coverage on shares of Apollo Commercial Real Est. Finance (NYSE:ARI) in a report released on Monday, The Fly reports. The brokerage set a “neutral” rating on the real estate investment trust’s stock.

Separately, Zacks Investment Research upgraded shares of Apollo Commercial Real Est. Finance from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Thursday, June 14th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $21.00.

Apollo Commercial Real Est. Finance stock traded down $0.04 during mid-day trading on Monday, hitting $18.85. The company’s stock had a trading volume of 8,826 shares, compared to its average volume of 1,374,708. The company has a debt-to-equity ratio of 0.25, a quick ratio of 46.70 and a current ratio of 46.70. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of 12.21 and a beta of 0.48. Apollo Commercial Real Est. Finance has a twelve month low of $17.56 and a twelve month high of $19.57.

Apollo Commercial Real Est. Finance (NYSE:ARI) last posted its quarterly earnings results on Wednesday, July 25th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.03. The firm had revenue of $70.77 million for the quarter, compared to analyst estimates of $72.58 million. Apollo Commercial Real Est. Finance had a net margin of 78.14% and a return on equity of 9.77%. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 earnings per share. As a group, equities analysts predict that Apollo Commercial Real Est. Finance will post 1.73 EPS for the current fiscal year.

In other Apollo Commercial Real Est. Finance news, Director Scott Prince sold 30,000 shares of Apollo Commercial Real Est. Finance stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $19.36, for a total transaction of $580,800.00. Following the transaction, the director now directly owns 45,132 shares in the company, valued at approximately $873,755.52. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mark C. Biderman sold 10,000 shares of Apollo Commercial Real Est. Finance stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $19.45, for a total transaction of $194,500.00. Following the transaction, the director now owns 56,718 shares in the company, valued at $1,103,165.10. The disclosure for this sale can be found here. Insiders own 0.65% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cornerstone Wealth Management LLC purchased a new position in Apollo Commercial Real Est. Finance during the 2nd quarter worth approximately $308,000. Acadian Asset Management LLC purchased a new position in shares of Apollo Commercial Real Est. Finance during the 2nd quarter valued at $195,000. United Capital Financial Advisers LLC purchased a new position in shares of Apollo Commercial Real Est. Finance during the 1st quarter valued at $202,000. Centaurus Financial Inc. purchased a new position in shares of Apollo Commercial Real Est. Finance during the 2nd quarter valued at $256,000. Finally, Meadow Creek Investment Management LLC grew its holdings in shares of Apollo Commercial Real Est. Finance by 20.0% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 16,928 shares of the real estate investment trust’s stock valued at $309,000 after acquiring an additional 2,816 shares in the last quarter. Hedge funds and other institutional investors own 71.28% 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.

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