Apollo Commercial Real Est. Finance Inc (ARI) Holdings Boosted by Acadian Asset Management LLC

Acadian Asset Management LLC raised its stake in shares of Apollo Commercial Real Est. Finance Inc (NYSE:ARI) by 1,647.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 185,967 shares of the real estate investment trust’s stock after acquiring an additional 175,326 shares during the quarter. Acadian Asset Management LLC’s holdings in Apollo Commercial Real Est. Finance were worth $3,511,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of ARI. Russell Investments Group Ltd. grew its holdings in shares of Apollo Commercial Real Est. Finance by 84.7% in the third quarter. Russell Investments Group Ltd. now owns 34,626 shares of the real estate investment trust’s stock valued at $653,000 after purchasing an additional 15,882 shares in the last quarter. Advisors Preferred LLC grew its holdings in shares of Apollo Commercial Real Est. Finance by 16.1% in the third quarter. Advisors Preferred LLC now owns 51,653 shares of the real estate investment trust’s stock valued at $975,000 after purchasing an additional 7,181 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of Apollo Commercial Real Est. Finance by 35.3% in the third quarter. IFP Advisors Inc now owns 14,974 shares of the real estate investment trust’s stock valued at $283,000 after purchasing an additional 3,906 shares in the last quarter. Aperio Group LLC grew its holdings in shares of Apollo Commercial Real Est. Finance by 6.5% in the third quarter. Aperio Group LLC now owns 87,895 shares of the real estate investment trust’s stock valued at $1,659,000 after purchasing an additional 5,332 shares in the last quarter. Finally, Orinda Asset Management LLC grew its holdings in shares of Apollo Commercial Real Est. Finance by 53.5% in the third quarter. Orinda Asset Management LLC now owns 122,800 shares of the real estate investment trust’s stock valued at $2,317,000 after purchasing an additional 42,800 shares in the last quarter. 65.32% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Scott Prince sold 30,000 shares of Apollo Commercial Real Est. Finance stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $19.36, for a total value of $580,800.00. Following the completion of the transaction, the director now owns 45,132 shares in the company, valued at $873,755.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark C. Biderman sold 10,000 shares of Apollo Commercial Real Est. Finance stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $19.45, for a total transaction of $194,500.00. Following the completion of the transaction, the director now owns 56,718 shares of the company’s stock, valued at approximately $1,103,165.10. The disclosure for this sale can be found here. 0.65% of the stock is owned by insiders.

Shares of ARI stock opened at $18.90 on Friday. The company has a quick ratio of 48.07, a current ratio of 48.07 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $2.51 billion, a P/E ratio of 12.27 and a beta of 0.43. Apollo Commercial Real Est. Finance Inc has a fifty-two week low of $17.56 and a fifty-two week high of $19.57.

Apollo Commercial Real Est. Finance (NYSE:ARI) last announced its quarterly earnings data on Wednesday, October 24th. The real estate investment trust reported $0.47 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.47. The firm had revenue of $77.48 million during the quarter, compared to analysts’ expectations of $77.97 million. Apollo Commercial Real Est. Finance had a net margin of 74.22% and a return on equity of 9.13%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.51 earnings per share. As a group, research analysts predict that Apollo Commercial Real Est. Finance Inc will post 1.66 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 28th were paid a $0.46 dividend. The ex-dividend date was Thursday, September 27th. This represents a $1.84 dividend on an annualized basis and a yield of 9.74%. Apollo Commercial Real Est. Finance’s dividend payout ratio is currently 119.48%.

A number of research analysts recently weighed in on ARI shares. Zacks Investment Research cut shares of Apollo Commercial Real Est. Finance from a “buy” rating to a “hold” rating in a report on Tuesday, September 25th. BTIG Research started coverage on shares of Apollo Commercial Real Est. Finance in a report on Monday, October 8th. They issued a “neutral” rating for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $21.00.

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Apollo Commercial Real Est. Finance Company Profile

Apollo Commercial Real Estate Finance, Inc operates as a real estate investment trust (REIT) that primarily originates, acquires, invests in, and manages commercial first mortgage loans, subordinate financings, and other commercial real estate-related debt investments in the United States. The company is qualified as a REIT under the Internal Revenue Code.

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

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