Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Apollo Commercial Real Est. Finance Inc (NYSE:ARI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 33,925 shares of the real estate investment trust’s stock, valued at approximately $620,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Piedmont Investment Advisors LLC grew its stake in Apollo Commercial Real Est. Finance by 11.6% during the 2nd quarter. Piedmont Investment Advisors LLC now owns 26,485 shares of the real estate investment trust’s stock worth $484,000 after buying an additional 2,757 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Apollo Commercial Real Est. Finance by 4.1% during the 1st quarter. The Manufacturers Life Insurance Company now owns 84,523 shares of the real estate investment trust’s stock worth $1,520,000 after buying an additional 3,313 shares during the last quarter. Aperio Group LLC grew its stake in Apollo Commercial Real Est. Finance by 4.9% during the 1st quarter. Aperio Group LLC now owns 83,306 shares of the real estate investment trust’s stock worth $1,498,000 after buying an additional 3,897 shares during the last quarter. New York State Teachers Retirement System grew its stake in Apollo Commercial Real Est. Finance by 5.4% during the 2nd quarter. New York State Teachers Retirement System now owns 76,769 shares of the real estate investment trust’s stock worth $1,403,000 after buying an additional 3,925 shares during the last quarter. Finally, Profund Advisors LLC grew its stake in Apollo Commercial Real Est. Finance by 26.5% during the 1st quarter. Profund Advisors LLC now owns 19,053 shares of the real estate investment trust’s stock worth $343,000 after buying an additional 3,987 shares during the last quarter. Hedge funds and other institutional investors own 69.25% of the company’s stock.

A number of research analysts recently issued reports on the company. Zacks Investment Research upgraded Apollo Commercial Real Est. Finance from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Tuesday, July 31st. Deutsche Bank initiated coverage on Apollo Commercial Real Est. Finance in a research note on Friday, May 18th. They issued a “buy” rating on the stock. Finally, ValuEngine downgraded Apollo Commercial Real Est. Finance from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $21.00.

Shares of ARI stock opened at $19.24 on Monday. Apollo Commercial Real Est. Finance Inc has a twelve month low of $17.56 and a twelve month high of $19.25. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 12.49 and a beta of 0.54. The company has a current ratio of 46.70, a quick ratio of 46.70 and a debt-to-equity ratio of 0.25.

Apollo Commercial Real Est. Finance (NYSE:ARI) last announced its earnings results on Wednesday, July 25th. The real estate investment trust reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.03. Apollo Commercial Real Est. Finance had a return on equity of 9.77% and a net margin of 78.14%. The company had revenue of $70.77 million for the quarter, compared to the consensus estimate of $72.58 million. During the same period last year, the business posted $0.46 EPS. The company’s revenue was up 13.7% on a year-over-year basis. equities analysts expect that Apollo Commercial Real Est. Finance Inc will post 1.73 EPS for the current year.

About Apollo Commercial Real Est. Finance

Apollo Commercial Real Estate Finance, Inc operates as a real estate investment trust (REIT) that primarily originates, acquires, invests in, and manages commercial first mortgage loans, subordinate financings, and other commercial real estate-related debt investments in the United States. The company is qualified as a REIT under the Internal Revenue Code.

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Institutional Ownership by Quarter for Apollo Commercial Real Est. Finance (NYSE:ARI)

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