First Trust Advisors LP Raises Position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

First Trust Advisors LP raised its stake in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARIGet Rating) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 246,035 shares of the real estate investment trust’s stock after purchasing an additional 9,810 shares during the period. First Trust Advisors LP owned 0.18% of Apollo Commercial Real Estate Finance worth $3,238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of ARI. Gemmer Asset Management LLC raised its position in Apollo Commercial Real Estate Finance by 234.0% during the fourth quarter. Gemmer Asset Management LLC now owns 1,927 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 1,350 shares during the period. Marshall Wace North America L.P. purchased a new stake in Apollo Commercial Real Estate Finance during the first quarter valued at approximately $25,000. Quadrant Capital Group LLC raised its position in Apollo Commercial Real Estate Finance by 305.4% during the fourth quarter. Quadrant Capital Group LLC now owns 2,161 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 1,628 shares during the period. FSB Premier Wealth Management Inc. purchased a new stake in Apollo Commercial Real Estate Finance during the fourth quarter valued at approximately $33,000. Finally, Future Financial Wealth Managment LLC bought a new position in shares of Apollo Commercial Real Estate Finance during the fourth quarter valued at approximately $62,000. Institutional investors and hedge funds own 57.62% of the company’s stock.

ARI has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their target price on Apollo Commercial Real Estate Finance from $13.00 to $13.50 and gave the company a “neutral” rating in a research note on Monday, April 25th. Zacks Investment Research cut Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a research note on Wednesday, April 27th. Finally, StockNews.com initiated coverage on Apollo Commercial Real Estate Finance in a research note on Thursday, March 31st. They set a “hold” rating on the stock.

ARI opened at $12.25 on Friday. Apollo Commercial Real Estate Finance, Inc. has a one year low of $11.54 and a one year high of $16.94. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 11.04 and a beta of 1.25. The stock’s 50 day moving average price is $13.36 and its 200-day moving average price is $13.62. The company has a debt-to-equity ratio of 2.85, a quick ratio of 66.05 and a current ratio of 66.05.

Apollo Commercial Real Estate Finance (NYSE:ARIGet Rating) last announced its quarterly earnings data on Monday, April 25th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.02. Apollo Commercial Real Estate Finance had a return on equity of 8.63% and a net margin of 70.24%. During the same period in the previous year, the company earned $0.36 EPS. As a group, analysts predict that Apollo Commercial Real Estate Finance, Inc. will post 1.17 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Thursday, March 31st were paid a $0.35 dividend. The ex-dividend date was Wednesday, March 30th. This represents a $1.40 annualized dividend and a yield of 11.43%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is currently 126.13%.

Apollo Commercial Real Estate Finance Company Profile (Get Rating)

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

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

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