NumerixS Investment Technologies Inc decreased its position in Apollo Commercial Real Est. Finance Inc (NYSE:ARI) by 33.9% during the 2nd quarter, Holdings Channel reports. The firm owned 14,400 shares of the real estate investment trust’s stock after selling 7,400 shares during the quarter. NumerixS Investment Technologies Inc’s holdings in Apollo Commercial Real Est. Finance were worth $264,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. State Treasurer State of Michigan grew its holdings in Apollo Commercial Real Est. Finance by 14.2% in the second quarter. State Treasurer State of Michigan now owns 5,919,968 shares of the real estate investment trust’s stock valued at $108,217,000 after purchasing an additional 735,000 shares during the last quarter. LSV Asset Management grew its holdings in Apollo Commercial Real Est. Finance by 3.5% in the second quarter. LSV Asset Management now owns 1,896,615 shares of the real estate investment trust’s stock valued at $34,670,000 after purchasing an additional 64,771 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Apollo Commercial Real Est. Finance by 3.9% in the second quarter. Bank of New York Mellon Corp now owns 1,528,232 shares of the real estate investment trust’s stock valued at $27,936,000 after purchasing an additional 57,512 shares during the last quarter. Northern Trust Corp grew its holdings in Apollo Commercial Real Est. Finance by 3.6% in the first quarter. Northern Trust Corp now owns 1,289,886 shares of the real estate investment trust’s stock valued at $23,193,000 after purchasing an additional 44,774 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Apollo Commercial Real Est. Finance by 15.0% in the first quarter. Principal Financial Group Inc. now owns 998,746 shares of the real estate investment trust’s stock valued at $17,958,000 after purchasing an additional 130,432 shares during the last quarter. 71.35% of the stock is currently owned by institutional investors.

ARI opened at $19.40 on Friday. The company has a current ratio of 46.70, a quick ratio of 46.70 and a debt-to-equity ratio of 0.25. The firm has a market cap of $2.40 billion, a P/E ratio of 12.60 and a beta of 0.49. Apollo Commercial Real Est. Finance Inc has a 52 week low of $17.56 and a 52 week high of $19.57.

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

In related news, Director Mark C. Biderman sold 10,000 shares of the stock in a transaction on Monday, August 27th. The stock was sold at an average price of $19.45, for a total transaction of $194,500.00. Following the sale, the director now owns 56,718 shares of the company’s stock, valued at $1,103,165.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Scott Prince sold 30,000 shares of the firm’s stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $19.36, for a total value of $580,800.00. Following the completion of the sale, the director now directly owns 45,132 shares in the company, valued at $873,755.52. The disclosure for this sale can be found here. 0.65% of the stock is owned by company insiders.

A number of analysts recently commented on the company. Zacks Investment Research raised Apollo Commercial Real Est. Finance from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Monday, May 28th. Deutsche Bank assumed coverage on Apollo Commercial Real Est. Finance in a research note on Friday, May 18th. They set a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $21.00.

Apollo Commercial Real Est. Finance Profile

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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