Acadian Asset Management LLC Increases Stake in Apollo Commercial Real Est. Finance Inc (ARI)

Acadian Asset Management LLC lifted its holdings in Apollo Commercial Real Est. Finance Inc (NYSE:ARI) by 1,647.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 185,967 shares of the real estate investment trust’s stock after purchasing an additional 175,326 shares during the period. Acadian Asset Management LLC owned about 0.14% of Apollo Commercial Real Est. Finance worth $3,511,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Russell Investments Group Ltd. increased its stake in shares of Apollo Commercial Real Est. Finance by 84.7% in the third quarter. Russell Investments Group Ltd. now owns 34,626 shares of the real estate investment trust’s stock worth $653,000 after acquiring an additional 15,882 shares during the period. Advisors Preferred LLC increased its stake in shares of Apollo Commercial Real Est. Finance by 16.1% in the third quarter. Advisors Preferred LLC now owns 51,653 shares of the real estate investment trust’s stock worth $975,000 after acquiring an additional 7,181 shares during the period. IFP Advisors Inc increased its stake in shares of Apollo Commercial Real Est. Finance by 35.3% in the third quarter. IFP Advisors Inc now owns 14,974 shares of the real estate investment trust’s stock worth $283,000 after acquiring an additional 3,906 shares during the period. Aperio Group LLC increased its stake in shares of Apollo Commercial Real Est. Finance by 6.5% in the third quarter. Aperio Group LLC now owns 87,895 shares of the real estate investment trust’s stock worth $1,659,000 after acquiring an additional 5,332 shares during the period. Finally, Orinda Asset Management LLC increased its stake in shares of Apollo Commercial Real Est. Finance by 53.5% in the third quarter. Orinda Asset Management LLC now owns 122,800 shares of the real estate investment trust’s stock worth $2,317,000 after acquiring an additional 42,800 shares during the period. 65.32% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Scott Prince sold 30,000 shares of the stock in a transaction on Friday, August 24th. The shares were sold at an average price of $19.36, for a total transaction of $580,800.00. Following the sale, the director now directly owns 45,132 shares of the company’s stock, valued at $873,755.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 directly owns 56,718 shares in the company, valued at $1,103,165.10. The disclosure for this sale can be found here. Corporate insiders own 0.65% of the company’s stock.

A number of research firms have recently weighed in on ARI. Zacks Investment Research lowered shares of Apollo Commercial Real Est. Finance from a “hold” rating to a “strong sell” rating in a research note on Friday, October 26th. BTIG Research began coverage on shares of Apollo Commercial Real Est. Finance in a research note on Monday, October 8th. They issued a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has 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 NYSE ARI opened at $18.90 on Friday. Apollo Commercial Real Est. Finance Inc has a 1 year low of $17.56 and a 1 year high of $19.57. The firm has a market cap of $2.51 billion, a P/E ratio of 12.27 and a beta of 0.43. The company has a current ratio of 48.07, a quick ratio of 48.07 and a debt-to-equity ratio of 0.15.

Apollo Commercial Real Est. Finance (NYSE:ARI) last announced its quarterly earnings results on Wednesday, October 24th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.47. Apollo Commercial Real Est. Finance had a net margin of 74.22% and a return on equity of 9.13%. The firm had revenue of $77.48 million for the quarter, compared to the consensus estimate of $77.97 million. During the same period in the prior year, the firm posted $0.51 earnings per share. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. On average, research analysts anticipate that Apollo Commercial Real Est. Finance Inc will post 1.66 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 28th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 9.74%. The ex-dividend date of this dividend was Thursday, September 27th. Apollo Commercial Real Est. Finance’s dividend payout ratio (DPR) is presently 119.48%.

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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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