The Vanguard Group, Inc. has recently announced that it has increased stake in Apollo Commercial Real Estate Finance Inc. (NYSE:ARI) by 1.94%. After grabbing 15.35 million shares, the institutional investor is now in possession of 0.29 million shares of the Real Estate Company. The new investment brought the stake of investor firm to 10.87% having worth around $176.4 million. Moreover, SSgA Funds Management, Inc. increased its share by 0.16 million to have a control over 5.37 million shares. And Allspring Global Investments LLC raised its holdings to 25295.0 shares by acquiring 2.99 million shares or 2.12% of the stake.
Apollo Commercial Real Estate Finance Inc. (ARI) concluded trading on 03/16/23 at a closing price of $9.44, with 2.29 million shares of worth about $21.63 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -16.31% during that period and on Thursday the price saw a gain of about 1.29%. Currently the company’s common shares owned by public are about 140.60M shares, out of which, 139.56M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 7 analysts are covering the ARI stock and their offered price forecasts bring an average price target of $11.63. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $12.00 and could fall to a lowest price of $11.00. The stock’s current price level is 20.2% above of average price target set by the analysts, while a rise to estimated low would result in gain of 14.18% for the stock. However, touching the estimated high of $12.00 would mean a gain of 21.33% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 14 times over the past 12 months. They bought 278,579 shares in 11 of the transactions. In 3 selling transactions, insiders dumped 86,590 shares.
iShares Core S&P Small Cap ETF, Vanguard Total Stock Market Index, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Apollo Commercial Real Estate Finance Inc. iShares Core S&P Small Cap ETF is currently holding 9.83 million shares of worth totaling $112.91 million. The company recently came buying 22958.0 shares which brought its stake up to 6.96% of the company’s outstanding shares. Vanguard Total Stock Market Index bought 8083.0 shares, after which its hold over company’s outstanding shares expand to 3.06%, leaving 4.33 million shares with the mutual fund that have a worth of about $49.73 million. Vanguard Small Cap Index Fund, after buying 3.64 million shares, have now control over 2.58% of the stake in the company. It holds 19966.0 shares of worth $41.85 million.
Apollo Commercial Real Estate Finance Inc. (NYSE: ARI) started trading at $9.35, above $0.03 from concluding price of the previous day. However, the stock later moved at a day high price of 9.66, or with a gain of 1.29%. Stock saw a price change of -10.44% in past 5 days and over the past one month there was a price change of -19.52%. Year-to-date (YTD), ARI shares are showing a performance of -12.27% which decreased to -30.07% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $7.91 but also hit the highest price of $14.55 during that period. The average intraday trading volume for Apollo Commercial Real Estate Finance Inc. shares is 1.02 million. The stock is currently trading -15.30% below its 20-day simple moving average (SMA20), while that difference is down -17.96% for SMA50 and it goes to -16.34% lower than SMA200.
The Vanguard Group, Inc. acquired 15.35 million shares of Apollo Commercial Real Estate Finance Inc. having value of about $176.4 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.29 million shares in the company valued at close to $2754308.8, or have control over 1.94% stake in the company. Apollo Commercial Real Estate Finance Inc. (NYSE: ARI) currently have 140.60M outstanding shares and institutions hold larger chunk of about 64.40% of that. Holding of mutual funds in the company is about 39.24% while other institutional holders and individual stake holders have control over 9.91% and 16.44% of the stake respectively.
The stock has a current market capitalization of $1.40B and its 3Y-monthly beta is at 1.69. PE ratio of stock for trailing 12 months is 5.94, while it has posted earnings per share of $1.59 in the same period. Its PEG reads 84.92 while making debt-to-equity ratio of 2.96. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ARI, volatility over the week remained 7.32% while standing at 3.80% over the month.
Analysts are in expectations that Apollo Commercial Real Estate Finance Inc. (ARI) stock would likely to be making an EPS of $0.37 in the current quarter, while forecast for next quarter EPS is $0.38 and it is $1.31 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.35 which is $0.39 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.35 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 15.30% while it is estimated to decrease by -2.23% in next year. EPS is likely to shrink at an annualized rate of 0.07% for next 5-years, compared to annual growth of 2.10% made by the stock over the past 5-years.
Analysts at 7 brokerage firms have issued recommendations for the Apollo Commercial Real Estate Finance Inc. (ARI)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.10. Out of those 7 Wall Street analysts, 0 recommended a “Buy” rating, while 6 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on November 21, 2022 offering a Neutral rating for the stock and assigned a target price of $12 to it. Coverage by JP Morgan stated Apollo Commercial Real Estate Finance Inc. (ARI) stock as an Underweight in their note to investors on September 06, 2022, suggesting a price target of $11 for the stock. On February 03, 2021, BTIG Research Initiated their recommendations, while on January 08, 2020, Credit Suisse Initiated their ratings for the stock with a price target of $18. Stock get a Neutral rating from JP Morgan on October 22, 2019.
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