Royal Bank Of Canada Reiterates Buy Rating for Apollo Commercial Real Estate Finance (NYSE:ARI)

Royal Bank Of Canada reaffirmed their buy rating on shares of Apollo Commercial Real Estate Finance (NYSE:ARI) in a report released on Thursday, July 20th. They currently have a $19.00 price objective on the real estate investment trust’s stock.

A number of other equities research analysts also recently weighed in on ARI. Zacks Investment Research upgraded Apollo Commercial Real Estate Finance from a hold rating to a buy rating and set a $21.00 price target on the stock in a research report on Tuesday, April 25th. Keefe, Bruyette & Woods reiterated a hold rating and issued a $18.00 price objective on shares of Apollo Commercial Real Estate Finance in a report on Wednesday, May 3rd. Finally, BidaskClub upgraded Apollo Commercial Real Estate Finance from a hold rating to a buy rating in a report on Wednesday, June 21st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. Apollo Commercial Real Estate Finance has a consensus rating of Hold and a consensus price target of $18.75.

Shares of Apollo Commercial Real Estate Finance (ARI) traded down 0.89% during midday trading on Thursday, reaching $17.91. The company had a trading volume of 1,024,904 shares. The company has a market capitalization of $1.89 billion, a PE ratio of 8.87 and a beta of 0.65. Apollo Commercial Real Estate Finance has a one year low of $15.54 and a one year high of $19.92. The company has a 50 day moving average of $18.20 and a 200 day moving average of $18.38.

Apollo Commercial Real Estate Finance (NYSE:ARI) last released its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.47 by $0.01. Apollo Commercial Real Estate Finance had a net margin of 93.54% and a return on equity of 9.59%. The firm had revenue of $62.22 million for the quarter, compared to analysts’ expectations of $63.75 million. During the same quarter in the previous year, the business earned $0.49 EPS. The company’s revenue for the quarter was up 32.6% on a year-over-year basis. Analysts predict that Apollo Commercial Real Estate Finance will post $1.84 EPS for the current fiscal year.

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In other news, CEO Stuart Rothstein sold 25,000 shares of Apollo Commercial Real Estate Finance stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $18.69, for a total value of $467,250.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.62% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of ARI. Advisors Asset Management Inc. boosted its stake in Apollo Commercial Real Estate Finance by 374.1% in the first quarter. Advisors Asset Management Inc. now owns 5,931 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 4,680 shares during the last quarter. Security National Trust Co. acquired a new stake in Apollo Commercial Real Estate Finance during the first quarter valued at about $113,000. Ameritas Investment Partners Inc. acquired a new stake in Apollo Commercial Real Estate Finance during the first quarter valued at about $129,000. PNC Financial Services Group Inc. boosted its stake in Apollo Commercial Real Estate Finance by 10.9% in the second quarter. PNC Financial Services Group Inc. now owns 7,799 shares of the real estate investment trust’s stock valued at $144,000 after buying an additional 765 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Apollo Commercial Real Estate Finance during the second quarter valued at about $172,000. 50.32% of the stock is currently owned by institutional investors.

Apollo Commercial Real Estate Finance Company Profile

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.