Apollo Commercial Real Est. Finance Inc (ARI) is Upgraded by Wells Fargo to Market Perform

Apollo Commercial Real Est. Finance Inc (ARI) was Upgraded by Wells Fargo to ” Market Perform”. Earlier the firm had a rating of “Underperform ” on the company shares. Wells Fargo advised their investors in a research report released on Oct 13, 2016.

On the company’s financial health, Apollo Commercial Real Est. Finance Inc reported $0.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.49. The company had revenue of $46.80 million for the quarter, compared to analysts expectations of $45.42 million. The company’s revenue was up 63.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS.

Apollo Commercial Real Est. Finance Inc closed down -0.02 points or -0.13% at $15.77 with 6,80,744 shares getting traded on Tuesday. Post opening the session at $15.81, the shares hit an intraday low of $15.72 and an intraday high of $15.8328 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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.

Apollo Commercial Real Est. Finance Inc

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