Compass Point Initiates Coverage on Apollo Commercial Real Est. Finance (NYSE:ARI)

Investment analysts at Compass Point assumed coverage on shares of Apollo Commercial Real Est. Finance (NYSE:ARI) in a note issued to investors on Monday, MarketBeat reports. The firm set a “neutral” rating and a $18.80 price target on the real estate investment trust’s stock. Compass Point’s price objective indicates a potential upside of 2.51% from the stock’s previous close.

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

Shares of Apollo Commercial Real Est. Finance stock opened at $18.34 on Monday. The company has a 50-day moving average of $18.29 and a two-hundred day moving average of $18.65. 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 current ratio of 50.29, a quick ratio of 50.29 and a debt-to-equity ratio of 1.37. The stock has a market cap of $2.81 billion, a PE 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 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.47. The business had revenue of $85.22 million for the quarter, compared to analyst estimates of $86.97 million. Apollo Commercial Real Est. Finance had a return on equity of 10.43% and a net margin of 63.86%. The company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.47 EPS. On average, sell-side analysts forecast that Apollo Commercial Real Est. Finance will post 1.68 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio grew its position in shares of Apollo Commercial Real Est. Finance by 42.1% in the third quarter. Public Employees Retirement System of Ohio now owns 1,938 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 574 shares during the last quarter. LS Investment Advisors LLC lifted its stake in Apollo Commercial Real Est. Finance by 18.0% in the 2nd quarter. LS Investment Advisors LLC now owns 4,005 shares of the real estate investment trust’s stock valued at $74,000 after buying an additional 610 shares in the last quarter. Parallel Advisors LLC grew its holdings in Apollo Commercial Real Est. Finance by 31.3% during the 3rd quarter. Parallel Advisors LLC now owns 3,103 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 740 shares during the last quarter. Claraphi Advisory Network LLC grew its holdings in Apollo Commercial Real Est. Finance by 4.8% during the 2nd quarter. Claraphi Advisory Network LLC now owns 16,900 shares of the real estate investment trust’s stock valued at $311,000 after buying an additional 775 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its holdings in Apollo Commercial Real Est. Finance by 2.1% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 44,446 shares of the real estate investment trust’s stock valued at $817,000 after buying an additional 900 shares during the last quarter. Institutional investors own 66.18% of the company’s stock.

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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