Cipher Capital LP lowered its stake in shares of Apollo Commercial Real Estate Finance (NYSE:ARI) by 15.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 200,062 shares of the real estate investment trust’s stock after selling 35,199 shares during the period. Cipher Capital LP owned 0.19% of Apollo Commercial Real Estate Finance worth $3,623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in ARI. Principal Financial Group Inc. raised its position 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 real estate investment trust’s stock valued at $304,000 after buying an additional 80 shares during the last quarter. Teachers Advisors LLC raised its position in shares of Apollo Commercial Real Estate Finance by 7.8% during the first quarter. Teachers Advisors LLC now owns 185,412 shares of the real estate investment trust’s stock valued at $3,488,000 after buying an additional 13,351 shares during the last quarter. Legal & General Group Plc raised its position in shares of Apollo Commercial Real Estate Finance by 77.0% during the first quarter. Legal & General Group Plc now owns 30,306 shares of the real estate investment trust’s stock valued at $570,000 after buying an additional 13,187 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Apollo Commercial Real Estate Finance by 5.0% during the first quarter. Vanguard Group Inc. now owns 3,591,392 shares of the real estate investment trust’s stock valued at $67,554,000 after buying an additional 170,993 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Apollo Commercial Real Estate Finance during the first quarter valued at approximately $1,936,000. Hedge funds and other institutional investors own 64.68% of the company’s stock.

Shares of Apollo Commercial Real Estate Finance (NYSE ARI) traded up $0.08 on Friday, reaching $18.41. 849,275 shares of the company traded hands, compared to its average volume of 1,010,265. Apollo Commercial Real Estate Finance has a 12 month low of $16.46 and a 12 month high of $19.92. The company has a market capitalization of $1,972.10, a PE ratio of 9.79 and a beta of 0.63. The company has a debt-to-equity ratio of 0.83, a current ratio of 291.34 and a quick ratio of 291.34.

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

Separately, Zacks Investment Research upgraded shares of Apollo Commercial Real Estate Finance from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $19.33.

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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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