Apollo Commercial Real EstateARI
Market Cap: $1.32B
About: Apollo Commercial Real Estate Finance Inc is a real estate investment trust that primarily originates, invests in, acquires, and manages commercial first-mortgage loans, subordinate financings, commercial mortgage-backed securities, and other real estate-related debt investments. The subordinate loans and first-mortgage loans account for the vast majority of the portfolio on a cost basis. Property types include residential, retail, healthcare, office, mixed-use, hotel, industrial, multifamily, securities, and other, with residential properties and hotels representing the highest property value. More than a third of the properties are located in New York City, with the other properties located across other regions of the United States, as well as other countries.
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
8% more repeat investments, than reductions
Existing positions increased: 81 | Existing positions reduced: 75
0.75% less ownership
Funds ownership: 54.83% [Q1] → 54.08% (-0.75%) [Q2]
3% less funds holding
Funds holding: 233 [Q1] → 227 (-6) [Q2]
13% less capital invested
Capital invested by funds: $868M [Q1] → $755M (-$113M) [Q2]
19% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 31
32% less call options, than puts
Call options by funds: $3.13M | Put options by funds: $4.63M
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
JP Morgan Richard Shane 57% 1-year accuracy 24 / 42 met price target | 5%upside $10 | Neutral Maintained | 16 Jul 2024 |
Financial journalist opinion
Based on 5 articles about ARI published over the past 30 days