TIAA CREF Investment Management LLC Sells 17,953 Shares of Apollo Commercial Real Estat (ARI)

TIAA CREF Investment Management LLC decreased its stake in Apollo Commercial Real Estat (NYSE:ARI) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 503,914 shares of the real estate investment trust’s stock after selling 17,953 shares during the period. TIAA CREF Investment Management LLC owned 0.47% of Apollo Commercial Real Estat worth $9,297,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in ARI. Sheaff Brock Investment Advisors LLC bought a new stake in shares of Apollo Commercial Real Estat in the 4th quarter worth approximately $187,000. Beacon Investment Advisory Services Inc. bought a new stake in shares of Apollo Commercial Real Estat in the 3rd quarter worth approximately $228,000. Paloma Partners Management Co lifted its holdings in shares of Apollo Commercial Real Estat by 35.2% in the 4th quarter. Paloma Partners Management Co now owns 16,236 shares of the real estate investment trust’s stock worth $299,000 after purchasing an additional 4,224 shares during the last quarter. Claraphi Advisory Network LLC bought a new stake in shares of Apollo Commercial Real Estat in the 4th quarter worth approximately $322,000. Finally, BB&T Securities LLC bought a new stake in shares of Apollo Commercial Real Estat in the 3rd quarter worth approximately $344,000. 70.80% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Apollo Commercial Real Estat stock opened at $17.93 on Monday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 38.53 and a current ratio of 38.53. The firm has a market cap of $1,926.89, a price-to-earnings ratio of 10.36 and a beta of 0.49. Apollo Commercial Real Estat has a 1-year low of $17.56 and a 1-year high of $19.92.

Apollo Commercial Real Estat (NYSE:ARI) last announced its earnings results on Wednesday, February 14th. The real estate investment trust reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. The firm had revenue of $69.19 million for the quarter, compared to the consensus estimate of $67.80 million. Apollo Commercial Real Estat had a return on equity of 10.22% and a net margin of 74.11%. The firm’s revenue for the quarter was up 29.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.49 EPS. research analysts forecast that Apollo Commercial Real Estat will post 1.78 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 30th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 10.26%. The ex-dividend date is Wednesday, March 28th. Apollo Commercial Real Estat’s payout ratio is currently 119.48%.

ARI has been the topic of several recent research reports. Raymond James Financial initiated coverage on Apollo Commercial Real Estat in a report on Tuesday, March 27th. They issued a “market perform” rating on the stock. UBS initiated coverage on Apollo Commercial Real Estat in a report on Tuesday, March 27th. They issued a “market perform” rating on the stock. ValuEngine downgraded Apollo Commercial Real Estat from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 7th. Finally, Zacks Investment Research downgraded Apollo Commercial Real Estat from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Apollo Commercial Real Estat currently has an average rating of “Hold” and a consensus price target of $19.33.

In other Apollo Commercial Real Estat news, CEO Stuart Rothstein sold 40,000 shares of Apollo Commercial Real Estat stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $18.39, for a total transaction of $735,600.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Michael Salvati sold 5,659 shares of Apollo Commercial Real Estat stock in a transaction on Monday, March 26th. The shares were sold at an average price of $18.25, for a total value of $103,276.75. The disclosure for this sale can be found here. Insiders have sold a total of 55,659 shares of company stock worth $1,024,377 in the last ninety days. 0.62% of the stock is owned by company insiders.

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Apollo Commercial Real Estat 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.

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

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