Guggenheim Capital LLC boosted its position in Apollo Commercial Real Estat (NYSE:ARI) by 17.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 298,483 shares of the real estate investment trust’s stock after buying an additional 43,465 shares during the period. Guggenheim Capital LLC owned approximately 0.28% of Apollo Commercial Real Estat worth $5,507,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the stock. QS Investors LLC increased its position in Apollo Commercial Real Estat by 15.4% in the 4th quarter. QS Investors LLC now owns 149,349 shares of the real estate investment trust’s stock valued at $2,755,000 after buying an additional 19,953 shares in the last quarter. EnTrustPermal Partners Offshore LP bought a new stake in Apollo Commercial Real Estat in the 4th quarter valued at about $2,814,000. Aviance Capital Partners LLC bought a new stake in Apollo Commercial Real Estat in the 4th quarter valued at about $457,000. Fuller & Thaler Asset Management Inc. increased its position in Apollo Commercial Real Estat by 0.3% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,565,521 shares of the real estate investment trust’s stock valued at $84,234,000 after buying an additional 13,576 shares in the last quarter. Finally, Advisors Preferred LLC bought a new stake in Apollo Commercial Real Estat in the 4th quarter valued at about $498,000. 70.80% of the stock is owned by institutional investors and hedge funds.
ARI has been the subject of a number of research analyst reports. ValuEngine lowered Apollo Commercial Real Estat from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 7th. Zacks Investment Research lowered Apollo Commercial Real Estat from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Raymond James Financial initiated coverage on Apollo Commercial Real Estat in a research report on Tuesday, March 27th. They issued a “market perform” rating for the company. Finally, UBS initiated coverage on Apollo Commercial Real Estat in a research report on Tuesday, March 27th. They issued a “market perform” rating for the company. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $19.33.
Apollo Commercial Real Estat (NYSE:ARI) last issued its quarterly earnings data on Wednesday, February 14th. The real estate investment trust reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The firm had revenue of $69.19 million during the quarter, compared to analyst estimates of $67.80 million. Apollo Commercial Real Estat had a return on equity of 10.22% and a net margin of 74.11%. The company’s revenue for the quarter was up 29.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 EPS. analysts expect that Apollo Commercial Real Estat will post 1.78 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Friday, March 30th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 10.23%. The ex-dividend date is Wednesday, March 28th. Apollo Commercial Real Estat’s dividend payout ratio is presently 119.48%.
In other news, Director Michael Salvati sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $18.55, for a total value of $185,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Stuart Rothstein sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $18.39, for a total value of $735,600.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,659 shares of company stock valued at $1,024,377. 0.62% of the stock is currently owned by corporate insiders.
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Apollo Commercial Real Estat 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.
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