Apollo Commercial Real Estate
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 Q3 regulatory filings by fund managers ($100M+ AUM)
47% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 19
3% more funds holding
Funds holding: 228 [Q2] → 234 (+6) [Q3]
1.03% less ownership
Funds ownership: 55.73% [Q2] → 54.7% (-1.03%) [Q3]
10% less capital invested
Capital invested by funds: $777M [Q2] → $697M (-$80.7M) [Q3]
20% less repeat investments, than reductions
Existing positions increased: 70 | Existing positions reduced: 87
34% less call options, than puts
Call options by funds: $3.4M | Put options by funds: $5.13M
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Keefe, Bruyette & Woods Jade Rahmani 41% 1-year accuracy 14 / 34 met price target | 1%downside $8.75 | Market Perform Maintained | 14 Jan 2025 |
UBS Douglas Harter 68% 1-year accuracy 19 / 28 met price target | 8%upside $9.50 | Neutral Maintained | 15 Nov 2024 |
JP Morgan Richard Shane 54% 1-year accuracy 33 / 61 met price target | 4%downside $8.50 | Neutral Maintained | 17 Oct 2024 |
Financial journalist opinion
Based on 3 articles about ARI published over the past 30 days
