Aperio Group LLC Has $1.55 Million Position in Apollo Commercial Real Estate Finance (NYSE:ARI)

Aperio Group LLC raised its position in shares of Apollo Commercial Real Estate Finance (NYSE:ARI) by 3.4% during the second quarter, Holdings Channel reports. The fund owned 83,529 shares of the real estate investment trust’s stock after buying an additional 2,748 shares during the period. Aperio Group LLC’s holdings in Apollo Commercial Real Estate Finance were worth $1,549,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Advisors Asset Management Inc. increased its position in shares of Apollo Commercial Real Estate Finance by 374.1% in the first quarter. Advisors Asset Management Inc. now owns 5,931 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 4,680 shares during the last quarter. Security National Trust Co. purchased a new stake in Apollo Commercial Real Estate Finance during the first quarter worth $113,000. Ameritas Investment Partners Inc. purchased a new stake in Apollo Commercial Real Estate Finance during the first quarter worth $129,000. Bank of Montreal Can raised its stake in Apollo Commercial Real Estate Finance by 7.6% in the second quarter. Bank of Montreal Can now owns 10,058 shares of the real estate investment trust’s stock worth $186,000 after buying an additional 707 shares during the period. Finally, Cypress Capital Management LLC WY purchased a new stake in Apollo Commercial Real Estate Finance during the first quarter worth $216,000. 48.66% of the stock is owned by hedge funds and other institutional investors.

Apollo Commercial Real Estate Finance (NYSE:ARI) traded down 0.914% during mid-day trading on Friday, reaching $17.895. 570,873 shares of the company were exchanged. The company has a 50 day moving average of $18.32 and a 200-day moving average of $18.35. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 8.859 and a beta of 0.65. Apollo Commercial Real Estate Finance has a 1-year low of $15.54 and a 1-year high of $19.92.

Apollo Commercial Real Estate Finance (NYSE:ARI) last issued its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.46 EPS for the quarter, missing the consensus estimate of $0.47 by $0.01. Apollo Commercial Real Estate Finance had a return on equity of 9.59% and a net margin of 93.54%. The company had revenue of $62.22 million during the quarter, compared to analyst estimates of $63.75 million. During the same quarter in the prior year, the company posted $0.49 earnings per share. The business’s revenue was up 32.6% compared to the same quarter last year. On average, equities research analysts forecast that Apollo Commercial Real Estate Finance will post $1.76 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were issued a $0.46 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.84 annualized dividend and a dividend yield of 10.19%. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently 86.79%.

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A number of research firms recently weighed in on ARI. BidaskClub raised shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $18.00 price objective on shares of Apollo Commercial Real Estate Finance in a research report on Wednesday, May 3rd. Zacks Investment Research raised shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Tuesday, April 25th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $19.00 price objective on shares of Apollo Commercial Real Estate Finance in a research report on Thursday, July 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $18.75.

In other news, CEO Stuart Rothstein sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $18.69, for a total value of $467,250.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.62% of the company’s stock.

Apollo Commercial Real Estate Finance Company Profile

Apollo Commercial Real Estate Finance, Inc is a real estate investment trust. 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.

Want to see what other hedge funds are holding ARI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apollo Commercial Real Estate Finance (NYSE:ARI).

Institutional Ownership by Quarter for Apollo Commercial Real Estate Finance (NYSE:ARI)

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