Apollo Commercial Real Estate Finance (NYSE:ARI) : 5 analysts are covering Apollo Commercial Real Estate Finance (NYSE:ARI) and their average rating on the stock is 3, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Company shares have received an average consensus rating of Hold for the current week Also, Wells Fargo downgrades its view on Apollo Commercial Real Estate Finance (NYSE:ARI) according to the research report released by the firm to its investors. The shares have now been rated Underperform by the stock experts at the ratings house. Earlier, the shares had a rating of Market Perform. The rating by the firm was issued on April 11, 2016.
Apollo Commercial Real Estate Finance (NYSE:ARI): stock turned positive on Tuesday. Though the stock opened at $15.63, the bulls momentum made the stock top out at $15.91 level for the day. The stock recorded a low of $15.53 and closed the trading day at $15.81, in the green by 2.60%. The total traded volume for the day was 1,050,799. The stock had closed at $15.41 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Rothstein Stuart, director officer (President & CEO) of Apollo Commercial Real Estate Finance, Inc., had unloaded 10,000 shares at an average price of $17.01 in a transaction dated on January 4, 2016. The total value of the transaction was worth $170,100.
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 Companys 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.