American International Group Inc. boosted its stake in shares of Apollo Commercial Real Est. Finance Inc (NYSE:ARI) by 16.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 80,348 shares of the real estate investment trust’s stock after buying an additional 11,152 shares during the quarter. American International Group Inc. owned approximately 0.08% of Apollo Commercial Real Est. Finance worth $1,455,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ARI. Renaissance Technologies LLC bought a new position in shares of Apollo Commercial Real Est. Finance in the 1st quarter worth about $1,936,000. Bank of Montreal Can raised its position in shares of Apollo Commercial Real Est. Finance by 7.6% in the 2nd quarter. Bank of Montreal Can now owns 10,058 shares of the real estate investment trust’s stock worth $186,000 after acquiring an additional 707 shares in the last quarter. Strs Ohio raised its position in shares of Apollo Commercial Real Est. Finance by 11.7% in the 2nd quarter. Strs Ohio now owns 26,800 shares of the real estate investment trust’s stock worth $497,000 after acquiring an additional 2,800 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new position in shares of Apollo Commercial Real Est. Finance in the 2nd quarter worth about $413,000. Finally, Great West Life Assurance Co. Can raised its position in shares of Apollo Commercial Real Est. Finance by 1,851.8% in the 2nd quarter. Great West Life Assurance Co. Can now owns 133,662 shares of the real estate investment trust’s stock worth $2,478,000 after acquiring an additional 126,814 shares in the last quarter. 67.76% of the stock is currently owned by hedge funds and other institutional investors.

Apollo Commercial Real Est. Finance Inc (NYSE:ARI) opened at $18.62 on Friday. Apollo Commercial Real Est. Finance Inc has a 12-month low of $16.46 and a 12-month high of $19.92. The company has a debt-to-equity ratio of 0.83, a current ratio of 291.34 and a quick ratio of 291.34. The firm has a market capitalization of $2,003.17, a PE ratio of 9.95 and a beta of 0.63.

Apollo Commercial Real Est. Finance (NYSE:ARI) last posted its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.05. Apollo Commercial Real Est. Finance had a return on equity of 10.32% and a net margin of 86.07%. The firm had revenue of $71.24 million during the quarter, compared to analyst estimates of $66.40 million. During the same period last year, the company posted $0.45 EPS. The business’s quarterly revenue was up 33.6% on a year-over-year basis. research analysts predict that Apollo Commercial Real Est. Finance Inc will post 1.61 earnings per share for the current year.

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

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About Apollo Commercial Real Est. 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 Est. Finance (NYSE:ARI)

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