Acadian Asset Management LLC decreased its stake in shares of Apollo Commercial Real Estate Finance (NYSE:ARI) by 85.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 65,357 shares of the real estate investment trust’s stock after selling 396,276 shares during the period. Acadian Asset Management LLC’s holdings in Apollo Commercial Real Estate Finance were worth $1,212,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ARI. Thrivent Financial for Lutherans boosted 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 valued at $222,000 after buying an additional 867 shares during the period. Teachers Advisors LLC boosted 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 valued at $2,860,000 after buying an additional 8,095 shares during the period. SOL Capital Management CO purchased a new stake in Apollo Commercial Real Estate Finance during the first quarter valued at $357,000. Nisa Investment Advisors LLC purchased a new stake in Apollo Commercial Real Estate Finance during the first quarter valued at $632,000. Finally, Cypress Capital Management LLC WY purchased a new stake in Apollo Commercial Real Estate Finance during the first quarter valued at $216,000. 48.66% of the stock is owned by hedge funds and other institutional investors.

Apollo Commercial Real Estate Finance (NYSE:ARI) traded down 0.77% during midday trading on Thursday, hitting $18.06. 803,173 shares of the stock traded hands. The stock’s 50-day moving average price is $18.35 and its 200 day moving average price is $18.35. Apollo Commercial Real Estate Finance has a 52 week low of $15.54 and a 52 week high of $19.92. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 8.94 and a beta of 0.65.

Apollo Commercial Real Estate Finance (NYSE:ARI) last issued its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 net margin of 93.54% and a return on equity of 9.59%. The firm’s revenue for the quarter was up 32.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.49 earnings per share. On average, equities research analysts predict 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. Shareholders 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 10.11%. The ex-dividend date was Wednesday, June 28th. Apollo Commercial Real Estate Finance’s payout ratio is currently 86.79%.

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Several research firms have recently weighed in on ARI. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $18.00 price objective on shares of Apollo Commercial Real Estate Finance in a research report on Friday, June 9th. BidaskClub cut shares of Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research cut shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $19.00 price objective 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 assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $18.75.

In other Apollo Commercial Real Estate Finance news, CEO Stuart Rothstein sold 25,000 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $18.69, for a total transaction of $467,250.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.62% of the stock is currently owned by insiders.

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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