Apollo Commercial Real Estate Finance (NYSE:ARI) Reaches New 12-Month Low – Should You Sell?

Apollo Commercial Real Estate Finance (NYSE:ARI) reached a new 52-week low during mid-day trading on Friday. The stock traded as low as $2.30 and last traded at $2.33, with a volume of 9,956,466 shares trading hands. The stock had previously closed at $6.45.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Wall Street Zen upgraded Apollo Commercial Real Estate Finance from a “sell” rating to a “hold” rating in a research report on Sunday, October 25th. Zacks Research raised Apollo Commercial Real Estate Finance from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 15th. Finally, Weiss Ratings downgraded Apollo Commercial Real Estate Finance from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $11.33.

Apollo Commercial Real Estate Finance Trading Down 63.9%

The stock has a market cap of $299.50 million, a price-to-earnings ratio of 7.68 and a beta of 1.40. The stock’s 50 day moving average is $6.42 and its two-hundred day moving average is $9.11.

Apollo Commercial Real Estate Finance (NYSE:ARI) last issued its quarterly earnings data on Tuesday, August 11th. The real estate investment trust reported ($2.62) earnings per share (EPS) for the quarter. The business had revenue of $44.38 million for the quarter. Apollo Commercial Real Estate Finance had a return on equity of 7.39% and a net margin of 55.49%. On average, sell-side analysts predict that Apollo Commercial Real Estate Finance will post -0.18 EPS for the current year.

Hedge Funds Weigh In On Apollo Commercial Real Estate Finance

A number of hedge funds and other institutional investors have recently made changes to their positions in ARI. BlackRock Inc. acquired a new stake in shares of Apollo Commercial Real Estate Finance in the 2nd quarter valued at approximately $127,411,000. Empyrean Capital Partners LP purchased a new position in Apollo Commercial Real Estate Finance in the first quarter valued at about $9,332,000. Greenland Capital Management LP acquired a new stake in shares of Apollo Commercial Real Estate Finance during the 2nd quarter valued at approximately $9,238,000. First Trust Advisors LP lifted its position in shares of Apollo Commercial Real Estate Finance by 23.0% during the 1st quarter. First Trust Advisors LP now owns 782,514 shares of the real estate investment trust’s stock valued at $8,263,000 after acquiring an additional 146,131 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Apollo Commercial Real Estate Finance during the 2nd quarter valued at approximately $6,767,000. Hedge funds and other institutional investors own 54.43% of the company’s stock.

Apollo Commercial Real Estate Finance Company Profile

Apollo Commercial Real Estate Finance, Inc (NYSE: ARI) is a real estate investment trust focused on originating, acquiring, investing in and managing commercial real estate debt and related investments. The company primarily seeks income from commercial real estate loans and other credit investments rather than directly owning and operating properties.

Its investment activities may include senior mortgage loans, subordinate and mezzanine financing, commercial mortgage-backed securities and other commercial real estate-related debt investments.