Apollo Commercial Real Estat (ARI) Raised to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Apollo Commercial Real Estat (NYSE:ARI) from a sell rating to a hold rating in a research report report published on Wednesday.

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. “

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Other research analysts have also issued reports about the company. ValuEngine lowered Apollo Commercial Real Estat from a strong-buy rating to a buy rating in a research report on Wednesday, March 7th. Raymond James initiated coverage on Apollo Commercial Real Estat in a research report on Tuesday, March 27th. They issued a market perform rating for the company. Finally, UBS initiated coverage on Apollo Commercial Real Estat in a research report on Tuesday, March 27th. They issued a market perform rating for the company. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Apollo Commercial Real Estat presently has an average rating of Hold and an average target price of $19.33.

Shares of NYSE:ARI opened at $17.80 on Wednesday. The firm has a market cap of $1,918.29, a P/E ratio of 10.32 and a beta of 0.49. The company has a debt-to-equity ratio of 0.28, a current ratio of 38.53 and a quick ratio of 38.53. Apollo Commercial Real Estat has a 12-month low of $17.56 and a 12-month high of $19.92.

Apollo Commercial Real Estat (NYSE:ARI) last posted its quarterly earnings data on Wednesday, February 14th. The real estate investment trust reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.02. Apollo Commercial Real Estat had a return on equity of 10.22% and a net margin of 74.11%. The firm had revenue of $69.19 million during the quarter, compared to analyst estimates of $67.80 million. During the same period last year, the company posted $0.49 EPS. The business’s quarterly revenue was up 29.1% on a year-over-year basis. analysts expect that Apollo Commercial Real Estat will post 1.78 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 16th. Stockholders of record on Friday, March 30th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 10.34%. The ex-dividend date was Wednesday, March 28th. Apollo Commercial Real Estat’s dividend payout ratio (DPR) is presently 119.48%.

In other news, Director Michael Salvati sold 5,659 shares of Apollo Commercial Real Estat stock in a transaction dated Monday, March 26th. The stock was sold at an average price of $18.25, for a total value of $103,276.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stuart Rothstein sold 13,654 shares of the firm’s stock in a transaction dated Monday, April 16th. The shares were sold at an average price of $17.85, for a total value of $243,723.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,313 shares of company stock valued at $532,501. Corporate insiders own 0.62% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. grew its stake in shares of Apollo Commercial Real Estat by 0.3% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,565,521 shares of the real estate investment trust’s stock valued at $84,234,000 after buying an additional 13,576 shares during the period. State Treasurer State of Michigan grew its stake in shares of Apollo Commercial Real Estat by 24.6% in the 4th quarter. State Treasurer State of Michigan now owns 3,714,968 shares of the real estate investment trust’s stock valued at $68,541,000 after buying an additional 734,200 shares during the period. LSV Asset Management grew its stake in shares of Apollo Commercial Real Estat by 1.9% in the 4th quarter. LSV Asset Management now owns 1,938,344 shares of the real estate investment trust’s stock valued at $35,762,000 after buying an additional 36,100 shares during the period. APG Asset Management N.V. grew its stake in shares of Apollo Commercial Real Estat 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 valued at $20,878,000 after buying an additional 678,400 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Apollo Commercial Real Estat by 6.8% in the 4th quarter. Bank of New York Mellon Corp now owns 1,353,288 shares of the real estate investment trust’s stock valued at $24,968,000 after buying an additional 86,644 shares during the period. Institutional investors own 70.80% of the company’s stock.

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About Apollo Commercial Real Estat

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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