Global X Management Co. LLC raised its position in shares of Apollo Commercial Real Estate Finance (NYSE:ARI) by 7.3% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,040,837 shares of the real estate investment trust’s stock after buying an additional 70,928 shares during the period. Global X Management Co. LLC owned 1.14% of Apollo Commercial Real Estate Finance worth $19,308,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in ARI. First Trust Advisors LP acquired a new stake in Apollo Commercial Real Estate Finance during the first quarter worth $10,496,000. Asset Management One Co. Ltd. acquired a new stake in Apollo Commercial Real Estate Finance during the first quarter worth $6,428,000. Stifel Financial Corp boosted its stake in Apollo Commercial Real Estate Finance by 877.5% in the first quarter. Stifel Financial Corp now owns 337,146 shares of the real estate investment trust’s stock worth $6,330,000 after buying an additional 302,655 shares in the last quarter. Dean Investment Associates LLC acquired a new stake in Apollo Commercial Real Estate Finance during the first quarter worth $4,648,000. Finally, State Street Corp boosted its stake in Apollo Commercial Real Estate Finance by 15.6% in the first quarter. State Street Corp now owns 1,767,051 shares of the real estate investment trust’s stock worth $33,241,000 after buying an additional 237,895 shares in the last quarter. 48.66% of the stock is owned by hedge funds and other institutional investors.

Shares of Apollo Commercial Real Estate Finance (NYSE:ARI) opened at 18.07 on Wednesday. Apollo Commercial Real Estate Finance has a 12-month low of $15.54 and a 12-month high of $19.92. The company’s 50-day moving average price is $18.43 and its 200-day moving average price is $18.32. The firm has a market capitalization of $1.91 billion, a PE ratio of 8.95 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 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.47 by $0.01. The company had revenue of $62.22 million during the quarter, compared to analyst estimates of $63.75 million. Apollo Commercial Real Estate Finance had a net margin of 93.54% and a return on equity of 9.59%. The business’s revenue for the quarter was up 32.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.49 earnings per share. Analysts anticipate that Apollo Commercial Real Estate Finance will post $1.81 EPS 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 issued a $0.46 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $1.84 dividend on an annualized basis and a yield of 10.18%. Apollo Commercial Real Estate Finance’s payout ratio is 86.79%.

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ARI has been the subject of a number of recent analyst reports. Zacks Investment Research cut Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a report on Thursday, May 4th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $19.00 price target on shares of Apollo Commercial Real Estate Finance in a report on Thursday, July 20th. BidaskClub raised Apollo Commercial Real Estate Finance from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $18.00 price target on shares of Apollo Commercial Real Estate Finance in a report on Wednesday, May 3rd. One 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 company’s stock. Apollo Commercial Real Estate Finance currently has an average rating of “Hold” and a consensus target price of $18.75.

In related news, CEO Stuart Rothstein sold 25,000 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $18.69, for a total value of $467,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate 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.

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

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