Bessemer Group Inc. lifted its stake in shares of Apollo Commercial Real Estate Finance (NYSE:ARI) by 17.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 222,177 shares of the company’s stock after purchasing an additional 32,404 shares during the period. Bessemer Group Inc. owned about 0.21% of Apollo Commercial Real Estate Finance worth $4,023,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its stake in shares of Apollo Commercial Real Estate Finance by 0.5% during the first quarter. Principal Financial Group Inc. now owns 16,165 shares of the company’s stock worth $304,000 after purchasing an additional 80 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Apollo Commercial Real Estate Finance by 0.9% during the first quarter. Wellington Management Group LLP now owns 62,270 shares of the company’s stock worth $1,171,000 after purchasing an additional 557 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Apollo Commercial Real Estate Finance by 7.6% during the second quarter. Bank of Montreal Can now owns 10,058 shares of the company’s stock worth $186,000 after purchasing an additional 707 shares in the last quarter. Arete Wealth Advisors LLC increased its stake in shares of Apollo Commercial Real Estate Finance by 2.9% during the second quarter. Arete Wealth Advisors LLC now owns 26,530 shares of the company’s stock worth $492,000 after purchasing an additional 750 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of Apollo Commercial Real Estate Finance by 10.9% during the second quarter. PNC Financial Services Group Inc. now owns 7,799 shares of the company’s stock worth $144,000 after purchasing an additional 765 shares in the last quarter. 64.68% of the stock is owned by institutional investors and hedge funds.

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Apollo Commercial Real Estate Finance (ARI) opened at C$18.18 on Monday. The firm has a market cap of $1,947.46, a PE ratio of 9.67 and a beta of 0.63. Apollo Commercial Real Estate Finance has a 52-week low of C$16.46 and a 52-week high of C$19.92. The company has a debt-to-equity ratio of 0.83, a quick ratio of 291.34 and a current ratio of 291.34.

Apollo Commercial Real Estate Finance (NYSE:ARI) last posted its quarterly earnings results on Wednesday, November 1st. The company reported C$0.47 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.42 by C$0.05. The firm had revenue of C$71.24 million for the quarter, compared to analyst estimates of C$66.40 million. Apollo Commercial Real Estate Finance had a net margin of 86.07% and a return on equity of 10.32%. Apollo Commercial Real Estate Finance’s quarterly revenue was up 33.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.45 earnings per share. analysts anticipate that Apollo Commercial Real Estate Finance will post 1.61 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were issued a $0.46 dividend. The ex-dividend date was Thursday, September 28th. This represents a $1.84 annualized dividend and a yield of 10.12%. Apollo Commercial Real Estate Finance’s payout ratio is 100.55%.

ARI has been the topic of a number of recent research reports. Zacks Investment Research upgraded 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 Wednesday, October 25th. Royal Bank Of Canada restated 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. Finally, BidaskClub lowered shares of Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of C$19.33.

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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