Family Manage LLC Buys New Stake in Apollo Commercial Real Estate Finance $ARI

Family Manage LLC bought a new stake in Apollo Commercial Real Estate Finance (NYSE:ARI) in the first quarter, HoldingsChannel reports. The fund bought 159,283 shares of the real estate investment trust’s stock, valued at approximately $1,682,000.

Several other hedge funds have also modified their holdings of ARI. State Street Corp grew its position in Apollo Commercial Real Estate Finance by 1.1% in the fourth quarter. State Street Corp now owns 5,298,362 shares of the real estate investment trust’s stock valued at $52,588,000 after acquiring an additional 56,377 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Apollo Commercial Real Estate Finance by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 3,167,013 shares of the real estate investment trust’s stock valued at $30,662,000 after purchasing an additional 9,273 shares during the period. No Street GP LP lifted its position in shares of Apollo Commercial Real Estate Finance by 33.3% during the third quarter. No Street GP LP now owns 3,000,000 shares of the real estate investment trust’s stock worth $30,390,000 after purchasing an additional 750,000 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Apollo Commercial Real Estate Finance by 6.9% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,085,917 shares of the real estate investment trust’s stock valued at $21,130,000 after purchasing an additional 134,308 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of Apollo Commercial Real Estate Finance by 50.4% in the second quarter. Invesco Ltd. now owns 1,291,072 shares of the real estate investment trust’s stock valued at $12,498,000 after purchasing an additional 432,377 shares during the period. 54.43% of the stock is currently owned by hedge funds and other institutional investors.

Apollo Commercial Real Estate Finance Trading Down 0.1%

NYSE:ARI opened at $6.76 on Monday. The stock has a market cap of $884.59 million, a price-to-earnings ratio of 8.35 and a beta of 1.35. The company has a debt-to-equity ratio of 0.68, a quick ratio of 81.80 and a current ratio of 81.81. Apollo Commercial Real Estate Finance has a 1 year low of $6.65 and a 1 year high of $11.24. The business has a fifty day moving average of $10.20 and a 200-day moving average of $10.46.

Apollo Commercial Real Estate Finance (NYSE:ARI) last announced its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.07). Apollo Commercial Real Estate Finance had a net margin of 48.01% and a return on equity of 7.87%. The firm had revenue of $58.63 million during the quarter, compared to analyst estimates of $77.85 million. Equities analysts predict that Apollo Commercial Real Estate Finance will post -0.18 earnings per share for the current year.

Apollo Commercial Real Estate Finance Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $3.75 per share. This represents a $15.00 dividend on an annualized basis and a dividend yield of 221.7%. This is an increase from Apollo Commercial Real Estate Finance’s previous quarterly dividend of $0.25. Apollo Commercial Real Estate Finance’s dividend payout ratio is 123.46%.

Insider Activity at Apollo Commercial Real Estate Finance

In other news, Director Carmencita N.M. Whonder sold 4,574 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $10.93, for a total transaction of $49,993.82. Following the completion of the sale, the director directly owned 24,799 shares of the company’s stock, valued at $271,053.07. This trade represents a 15.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ARI shares. Bank of America began coverage on Apollo Commercial Real Estate Finance in a research note on Tuesday, May 5th. They set a “neutral” rating and a $11.50 price objective for the company. Weiss Ratings lowered Apollo Commercial Real Estate Finance from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 16th. Zacks Research upgraded Apollo Commercial Real Estate Finance from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Wall Street Zen downgraded shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Finally, BTIG Research lowered shares of Apollo Commercial Real Estate Finance from a “buy” rating to a “neutral” rating in a research note on Thursday, June 25th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $11.33.

Apollo Commercial Real Estate Finance Profile

Apollo Commercial Real Estate Finance, Inc (NYSE: ARI) is a real estate finance company structured as a real estate investment trust (REIT). The company focuses on originating, acquiring and managing a diversified portfolio of commercial real estate debt and preferred equity investments. As an externally managed vehicle, ARI leverages the expertise and resources of an affiliate of Apollo Global Management, a leading global alternative investment manager.

ARI’s investment strategy is centered on providing first mortgage loans, mezzanine debt financing, bridge loans and preferred equity across a broad range of property types, including office, retail, industrial and multifamily assets.