Prudential Financial Inc. Increases Stake in Apollo Commercial Real Estate Finance (ARI)

Prudential Financial Inc. grew its position in Apollo Commercial Real Estate Finance (NYSE:ARI) by 27.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 530,048 shares of the real estate investment trust’s stock after acquiring an additional 113,190 shares during the period. Prudential Financial Inc. owned 0.50% of Apollo Commercial Real Estate Finance worth $9,832,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in ARI. Teachers Advisors LLC lifted its stake in shares of Apollo Commercial Real Estate Finance by 4.9% in the 4th quarter. Teachers Advisors LLC now owns 172,061 shares of the real estate investment trust’s stock valued at $2,860,000 after acquiring an additional 8,095 shares during the last quarter. Nisa Investment Advisors LLC bought a new position in shares of Apollo Commercial Real Estate Finance in the 1st quarter valued at $632,000. ProShare Advisors LLC increased its holdings in Apollo Commercial Real Estate Finance by 741.4% in the first quarter. ProShare Advisors LLC now owns 97,497 shares of the real estate investment trust’s stock valued at $177,000 after purchasing an additional 85,910 shares during the period. Strs Ohio increased its holdings in Apollo Commercial Real Estate Finance by 8.1% in the first quarter. Strs Ohio now owns 24,000 shares of the real estate investment trust’s stock valued at $451,000 after purchasing an additional 1,800 shares during the period. Finally, Eqis Capital Management Inc. acquired a new stake in Apollo Commercial Real Estate Finance in the first quarter valued at $228,000. Institutional investors own 64.91% of the company’s stock.

In other Apollo Commercial Real Estate Finance news, CEO Stuart Rothstein sold 25,000 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $18.69, for a total value of $467,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.62% of the company’s stock.

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Shares of Apollo Commercial Real Estate Finance (NYSE:ARI) opened at 17.92 on Wednesday. The firm has a market capitalization of $1.89 billion, a P/E ratio of 8.87 and a beta of 0.64. Apollo Commercial Real Estate Finance has a 12-month low of $15.54 and a 12-month high of $19.92. The company has a 50-day moving average price of $17.97 and a 200-day moving average price of $18.41.

Apollo Commercial Real Estate Finance (NYSE:ARI) last posted its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.01). The business had revenue of $62.22 million during the quarter, compared to the consensus estimate of $63.75 million. Apollo Commercial Real Estate Finance had a return on equity of 9.59% and a net margin of 93.54%. The business’s revenue for the quarter was up 32.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.49 earnings per share. Equities analysts predict that Apollo Commercial Real Estate Finance will post $1.84 EPS for the current year.

A number of analysts recently weighed in on the company. Keefe, Bruyette & Woods restated a “hold” rating and issued a $18.00 price objective on shares of Apollo Commercial Real Estate Finance in a report on Friday, June 9th. BidaskClub downgraded Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Zacks Investment Research downgraded Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $19.00 price objective on shares of Apollo Commercial Real Estate Finance in a report on Thursday, July 20th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Apollo Commercial Real Estate Finance presently has a consensus rating of “Hold” and an average price target of $19.33.

About Apollo Commercial Real Estate Finance

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.

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

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