Banque Pictet & Cie SA bought a new stake in Apollo Commercial Real Estate Finance (NYSE:ARI) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 90,000 shares of the real estate investment trust’s stock, valued at approximately $1,670,000. Banque Pictet & Cie SA owned 0.09% of Apollo Commercial Real Estate Finance as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in ARI. Teachers Advisors LLC boosted its position in shares of 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 acquiring an additional 8,095 shares during the period. Nisa Investment Advisors LLC bought a new stake in shares of Apollo Commercial Real Estate Finance in the first quarter valued at about $632,000. ProShare Advisors LLC boosted its position in shares of Apollo Commercial Real Estate Finance by 741.4% in the first quarter. ProShare Advisors LLC now owns 97,497 shares of the real estate investment trust’s stock valued at $177,000 after acquiring an additional 85,910 shares during the period. Strs Ohio boosted its position in shares of Apollo Commercial Real Estate Finance by 8.1% in the first quarter. Strs Ohio now owns 24,000 shares of the real estate investment trust’s stock valued at $451,000 after acquiring an additional 1,800 shares during the period. Finally, IFP Advisors Inc boosted its position in shares of Apollo Commercial Real Estate Finance by 40.0% in the first quarter. IFP Advisors Inc now owns 12,235 shares of the real estate investment trust’s stock valued at $230,000 after acquiring an additional 3,496 shares during the period. 64.91% of the stock is owned by institutional investors.

A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada reissued a “buy” rating and issued a $19.00 target price on shares of Apollo Commercial Real Estate Finance in a research report on Thursday, July 20th. 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, Keefe, Bruyette & Woods reaffirmed 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. Apollo Commercial Real Estate Finance presently has a consensus rating of “Hold” and an average price target of $18.75.

Shares of Apollo Commercial Real Estate Finance (NYSE ARI) opened at 18.18 on Monday. 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 cap of $1.92 billion, a PE ratio of 9.00 and a beta of 0.64. The company’s 50-day moving average is $18.01 and its 200 day moving average is $18.40.

Apollo Commercial Real Estate Finance (NYSE:ARI) last issued its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.46 EPS for the quarter, missing the consensus estimate of $0.47 by $0.01. Apollo Commercial Real Estate Finance had a return on equity of 9.59% and a net margin of 93.54%. The company had revenue of $62.22 million during the quarter, compared to the consensus estimate of $63.75 million. During the same quarter in the prior year, the business earned $0.49 EPS. The firm’s revenue for the quarter was up 32.6% compared to the same quarter last year. On average, analysts anticipate that Apollo Commercial Real Estate Finance will post $1.84 EPS for the current year.

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

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Apollo Commercial Real Estate Finance Company Profile

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)

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