Vanguard Group Inc. raised its position in Apollo Commercial Real Estate Finance (NYSE:ARI) by 5.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,591,392 shares of the real estate investment trust’s stock after buying an additional 170,993 shares during the period. Vanguard Group Inc.’s holdings in Apollo Commercial Real Estate Finance were worth $67,554,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans raised its stake in Apollo Commercial Real Estate Finance by 6.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 13,367 shares of the real estate investment trust’s stock worth $222,000 after buying an additional 867 shares during the last quarter. Teachers Advisors LLC raised its stake in Apollo Commercial Real Estate Finance by 4.9% in the fourth quarter. Teachers Advisors LLC now owns 172,061 shares of the real estate investment trust’s stock worth $2,860,000 after buying an additional 8,095 shares during the last quarter. Foundry Partners LLC raised its stake in Apollo Commercial Real Estate Finance by 16.9% in the first quarter. Foundry Partners LLC now owns 195,193 shares of the real estate investment trust’s stock worth $3,672,000 after buying an additional 28,223 shares during the last quarter. Koshinski Asset Management Inc. raised its stake in Apollo Commercial Real Estate Finance by 5.4% in the first quarter. Koshinski Asset Management Inc. now owns 70,739 shares of the real estate investment trust’s stock worth $1,331,000 after buying an additional 3,606 shares during the last quarter. Finally, SOL Capital Management CO acquired a new stake in Apollo Commercial Real Estate Finance during the first quarter worth about $357,000. 49.54% of the stock is owned by institutional investors and hedge funds.

Shares of Apollo Commercial Real Estate Finance (NYSE ARI) traded up 0.45% on Friday, hitting $18.01. 995,003 shares of the stock traded hands. The firm’s 50 day moving average is $18.51 and its 200-day moving average is $18.33. 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 market cap of $1.90 billion, a PE ratio of 8.92 and a beta of 0.65.

Apollo Commercial Real Estate Finance (NYSE:ARI) last posted its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by $0.01. The company had revenue of $62.22 million for the quarter, compared to analysts’ expectations 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 company’s revenue for the quarter was up 32.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.49 EPS. Equities analysts predict that Apollo Commercial Real Estate Finance will post $1.86 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 10.22%. The ex-dividend date was Wednesday, June 28th. Apollo Commercial Real Estate Finance’s dividend payout ratio is presently 86.79%.

ILLEGAL ACTIVITY WARNING: This news story was first published by Daily Political and is the property of of Daily Political. If you are viewing this news story on another website, it was stolen and reposted in violation of United States & international trademark & copyright law. The original version of this news story can be accessed at https://www.dailypolitical.com/2017/08/06/vanguard-group-inc-raises-stake-in-apollo-commercial-real-estate-finance-nyseari.html.

Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Tuesday, April 25th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $18.00 price target on shares of Apollo Commercial Real Estate Finance in a research report on Wednesday, May 3rd. BidaskClub raised shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $19.00 price target on shares of Apollo Commercial Real Estate Finance in a research report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. Apollo Commercial Real Estate Finance has an average rating of “Hold” and a consensus price target of $18.75.

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

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.

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

Receive News & Ratings for Apollo Commercial Real Estate Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apollo Commercial Real Estate Finance and related companies with MarketBeat.com's FREE daily email newsletter.