Apollo Commercial Real Estate Finance (NYSE:ARI) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Apollo Commercial Real Estate Finance (NYSE:ARI)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.51 and traded as high as $11.04. Apollo Commercial Real Estate Finance shares last traded at $10.9050, with a volume of 649,215 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ARI shares. Bank of America started coverage on shares of Apollo Commercial Real Estate Finance in a report on Tuesday, May 5th. They issued a “neutral” rating and a $11.50 price target on the stock. Wall Street Zen cut shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Zacks Research raised shares of Apollo Commercial Real Estate Finance from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Apollo Commercial Real Estate Finance in a report on Friday, May 22nd. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Apollo Commercial Real Estate Finance from $10.75 to $11.50 and gave the company an “outperform” rating in a report on Thursday, February 12th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $11.13.

Apollo Commercial Real Estate Finance Price Performance

The business’s fifty day simple moving average is $10.92 and its 200-day simple moving average is $10.51. The company has a current ratio of 81.81, a quick ratio of 81.80 and a debt-to-equity ratio of 0.68. The firm has a market cap of $1.43 billion, a P/E ratio of 13.46 and a beta of 1.35.

Apollo Commercial Real Estate Finance (NYSE:ARI) last issued its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.07). The business had revenue of $58.63 million for the quarter, compared to the consensus estimate of $77.85 million. Apollo Commercial Real Estate Finance had a net margin of 48.01% and a return on equity of 7.87%. As a group, analysts forecast that Apollo Commercial Real Estate Finance will post 0.88 EPS for the current fiscal year.

Insider Activity at Apollo Commercial Real Estate Finance

In other news, Director Carmencita N.M. Whonder sold 4,574 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $10.93, for a total transaction of $49,993.82. Following the completion of the transaction, the director directly owned 24,799 shares in the company, valued at $271,053.07. The trade was a 15.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.52% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC grew its position in shares of Apollo Commercial Real Estate Finance by 60.4% during the 4th quarter. GAMMA Investing LLC now owns 2,832 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 1,066 shares in the last quarter. Bessemer Group Inc. grew its position in shares of Apollo Commercial Real Estate Finance by 388.7% during the 1st quarter. Bessemer Group Inc. now owns 3,255 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 2,589 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Apollo Commercial Real Estate Finance by 60.2% during the 4th quarter. Farther Finance Advisors LLC now owns 5,037 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 1,892 shares in the last quarter. Parallel Advisors LLC grew its position in shares of Apollo Commercial Real Estate Finance by 61.7% during the 1st quarter. Parallel Advisors LLC now owns 4,656 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 1,777 shares in the last quarter. Finally, Danske Bank A S purchased a new position in shares of Apollo Commercial Real Estate Finance during the 3rd quarter valued at $50,000. 54.43% of the stock is currently owned by hedge funds and other institutional investors.

About Apollo Commercial Real Estate Finance

Apollo Commercial Real Estate Finance, Inc (NYSE: ARI) is a real estate finance company structured as a real estate investment trust (REIT). The company focuses on originating, acquiring and managing a diversified portfolio of commercial real estate debt and preferred equity investments. As an externally managed vehicle, ARI leverages the expertise and resources of an affiliate of Apollo Global Management, a leading global alternative investment manager.

ARI’s investment strategy is centered on providing first mortgage loans, mezzanine debt financing, bridge loans and preferred equity across a broad range of property types, including office, retail, industrial and multifamily assets.