Apollo Commercial Real Est. Finance Inc (ARI) was Downgraded by Wells Fargo to ” Underperform”. Earlier the firm had a rating of “Market Perform ” on the company shares. Wells Fargo advised their investors in a research report released on Apr 11, 2016.
Many Wall Street Analysts have commented on Apollo Commercial Real Est. Finance Inc. Apollo Commercial Real Est. Finance Inc was Downgraded by Wells Fargo to ” Underperform” on Apr 11, 2016.
On the company’s financial health, Apollo Commercial Real Est. Finance Inc reported $0.48 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 9, 2016. Analyst had a consensus of $0.47. The company had revenue of $43.24 million for the quarter, compared to analysts expectations of $44.24 million. The company’s revenue was up 59.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS.
Apollo Commercial Real Est. Finance Inc opened for trading at $15.75 and hit $16.09 on the upside on Monday, eventually ending the session at $15.87, with a gain of 0.19% or 0.03 points. The heightened volatility saw the trading volume jump to 10,40,643 shares. Company has a market cap of $1,069 M.
In a different news, on Jan 5, 2016, Stuart Rothstein (President & CEO) sold 10,000 shares at $17.01 per share price. According to the SEC, 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.