Apollo Commercial Real Est. Finance Inc (NYSE:ARI) has been upgraded to Market Perform in a statement by Wells Fargo & Co. earlier today.
- Updated: October 13, 2016
Having a price of $15.58, Apollo Commercial Real Est. Finance Inc (NYSE:ARI) traded 1.00% higher on the day. With the last stock price down -0.32% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. ARI has recorded a 50-day average of $16.48 and a two hundred day average of $16.22. Trade Volume was down over the average, with 185,515 shares of ARI changing hands under the typical 910,086
Wells Fargo & Co. has upgraded Apollo Commercial Real Est. Finance Inc (NYSE:ARI) to Market Perform in a statement released on 10/13/2016.
On 09/09/2016, Zacks Investment Research released a statement about Apollo Commercial Real Est. Finance Inc (NYSE:ARI) upped the target price from $0.00 to $19.00 that suggested an upside of 0.15%.
Recent Performance Chart
Apollo Commercial Real Est. Finance Inc has PE ratio of 17.48 with a one year low of $13.80 and a one year high of $18.25 and has a market capitalization of $0.
A total of 7 brokerages have issued a ratings update on Apollo Commercial Real Est. Finance Inc. One brokerage rating the company a strong buy, two brokerages rating the company a buy, five brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $16.93.
General Company Details For Apollo Commercial Real Est. Finance Inc (NYSE:ARI)
Apollo Commercial Real Estate Finance, Inc. (ARI) is a real estate investment trust (REIT). The Company primarily originates, acquires, invests in and manages performing commercial first mortgage loans, subordinate financings, commercial mortgage-backed securities (CMBS) and other commercial real estate-related debt investments. These asset classes are referred to as the Company's target assets. The Company's principal business objective is to make investments in its target assets in order to provide risk adjusted returns to its stockholders over the long term, primarily through dividends and secondarily through capital appreciation. Its investments consist primarily of commercial mortgage loans, subordinate loans and other real estate related assets that are classified as either available-for-sale or held-to-maturity. Its targets investments that are secured by institutional quality real estate. The Company is externally managed and advised by ACREFI Management, LLC (the Manager).
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