Apollo Commercial Real Estate (NYSE:ARI) has been upgraded from Underperform to Market Perform in a statement by Wells Fargo earlier today.
- Updated: October 13, 2016
Having a price of $16.01, Apollo Commercial Real Estate (NYSE:ARI) traded 1.00% higher on the day. The last closing price is down -0.32% from the 200-day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Apollo Commercial Real Estate has recorded a 50-day moving average of $16.48 and a 200-day moving average of $16.22. 185,515 shares of the stock traded hands, down from an avg. volume of 910,086
Wells Fargo has upgraded Apollo Commercial Real Estate (NYSE:ARI) from Underperform to Market Perform in a report released on Thursday October 13, 2016.
On 9/9/2016, Zacks Investment Research released a statement on Apollo Commercial Real Estate (NYSE:ARI) bumped up the target price from $0.00 to $19.00. At the time, this suggested an upside of 0.15%.
Recent Performance Chart
Apollo Commercial Real Estate has one year low of $13.80 and a one year high of $18.25 with a PE ratio of 17.48 and has a total market value of $0.
A total of 7 brokers have released a ratings update on ARI. 1 firm rating the company a strong buy, two brokers rating the stock a buy, 5 brokerages rating the stock a hold, 0 firms rating the stock a underperform, and finally zero analysts rating the company a sell with a one year target of $16.93.
General Company Details For Apollo Commercial Real Estate (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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