Wells Fargo Downgrades Apollo Commercial Real Est. Finance Inc to Underperform

Brokerage firm Wells Fargo Downgrades its rating on Apollo Commercial Real Est. Finance Inc(NYSE:ARI). The shares have been rated Underperform. Previously, the analysts had a Market Perform rating on the shares. The rating by Wells Fargo was issued on Apr 11, 2016.

Apollo Commercial Real Est. Finance Inc (ARI) shares turned negative on Fridays trading session with the shares closing down -0.03 points or -0.19% at a volume of 5,85,216. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $16.02. The peak price level was also seen at $16.02 while the days lowest was $15.82. Finally the shares closed at $15.95. The 52-week high of the shares is $18.25 while the 52-week low is $12.92. According to the latest information available, the market cap of the company is $1,075 M.

Apollo Commercial Real Est. Finance Inc(ARI) last announced its earnings results on Feb 9, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $43.24M. Analysts had an estimated revenue of $7.60M. Earnings per share were $0.48.

Several Insider Transactions has been reported to the SEC. On Jan 5, 2016, Stuart Rothstein (President & CEO) sold 10,000 shares at $17.01 per share price.Also, On Aug 26, 2015, Eric Press (director) purchased 66,875 shares at $14.39 per share price.On Mar 11, 2015, Michael Salvati (director) purchased 5,000 shares at $16.76 per share price, according to the Form-4 filing with the securities and exchange commission.

Apollo Commercial Real Estate Finance Inc. is a real estate investment trust (REIT). The Company is focused primarily on originating investing in acquiring and managing performing commercial first mortgage loans subordinate financings commercial mortgage-backed securities (CMBS) and other commercial real estate-related debt investments. The Company’s principal business objective is to make investments in its target assets in order to provide attractive risk adjusted returns to its stockholders over the long term primarily through dividends and secondarily through capital appreciation. The Company is externally managed and advised by ACREFI Management LLC an indirect subsidiary of Apollo Global Management LLC.

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