Wedbush Securities Inc. Boosts Stock Holdings in Apollo Commercial Real Est. Finance Inc (NYSE:ARI)

Wedbush Securities Inc. lifted its stake in shares of Apollo Commercial Real Est. Finance Inc (NYSE:ARI) by 5.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,934 shares of the real estate investment trust’s stock after acquiring an additional 1,060 shares during the quarter. Wedbush Securities Inc.’s holdings in Apollo Commercial Real Est. Finance were worth $367,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Marshall Wace North America L.P. purchased a new position in Apollo Commercial Real Est. Finance in the first quarter valued at $25,000. Osborn Williams & Donohoe LLC purchased a new position in Apollo Commercial Real Est. Finance in the first quarter valued at $33,000. Advisory Alpha LLC purchased a new position in Apollo Commercial Real Est. Finance in the first quarter valued at $45,000. Catalyst Capital Advisors LLC purchased a new position in Apollo Commercial Real Est. Finance in the first quarter valued at $93,000. Finally, Meeder Asset Management Inc. increased its holdings in Apollo Commercial Real Est. Finance by 159.3% in the first quarter. Meeder Asset Management Inc. now owns 5,445 shares of the real estate investment trust’s stock valued at $99,000 after buying an additional 3,345 shares during the last quarter. 58.93% of the stock is currently owned by institutional investors and hedge funds.

Separately, Zacks Investment Research lowered Apollo Commercial Real Est. Finance from a “hold” rating to a “sell” rating in a report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Apollo Commercial Real Est. Finance presently has a consensus rating of “Hold” and a consensus target price of $19.33.

NYSE:ARI traded up $0.03 during trading hours on Friday, hitting $18.57. The company’s stock had a trading volume of 1,039,500 shares, compared to its average volume of 1,111,016. The stock has a market capitalization of $2.85 billion, a P/E ratio of 11.12 and a beta of 0.61. The stock has a fifty day moving average of $18.63 and a 200-day moving average of $18.50. The company has a current ratio of 44.69, a quick ratio of 44.69 and a debt-to-equity ratio of 0.39. Apollo Commercial Real Est. Finance Inc has a 52-week low of $16.41 and a 52-week high of $19.57.

Apollo Commercial Real Est. Finance (NYSE:ARI) last posted its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.45 EPS for the quarter, beating the consensus estimate of $0.44 by $0.01. The firm had revenue of $84.99 million for the quarter, compared to analyst estimates of $82.63 million. Apollo Commercial Real Est. Finance had a return on equity of 10.22% and a net margin of 75.64%. Apollo Commercial Real Est. Finance’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.44 earnings per share. On average, sell-side analysts forecast that Apollo Commercial Real Est. Finance Inc will post 1.71 earnings per share for the current year.

Apollo Commercial Real Est. Finance 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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