Edgestream Partners L.P. Invests $5.32 Million in Apollo Commercial Real Estate Finance $ARI

Edgestream Partners L.P. bought a new stake in Apollo Commercial Real Estate Finance (NYSE:ARI) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 549,912 shares of the real estate investment trust’s stock, valued at approximately $5,323,000.

Other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Apollo Commercial Real Estate Finance by 2.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,326,569 shares of the real estate investment trust’s stock worth $22,265,000 after purchasing an additional 63,191 shares in the last quarter. State of Wyoming acquired a new stake in Apollo Commercial Real Estate Finance during the first quarter worth $251,000. Cubist Systematic Strategies LLC bought a new stake in Apollo Commercial Real Estate Finance in the 1st quarter valued at $345,000. Nuveen LLC acquired a new position in shares of Apollo Commercial Real Estate Finance in the 1st quarter valued at $7,813,000. Finally, Public Sector Pension Investment Board raised its stake in shares of Apollo Commercial Real Estate Finance by 28.0% in the 1st quarter. Public Sector Pension Investment Board now owns 405,208 shares of the real estate investment trust’s stock valued at $3,878,000 after buying an additional 88,532 shares in the last quarter. 54.43% of the stock is owned by institutional investors and hedge funds.

Apollo Commercial Real Estate Finance Stock Down 0.0%

NYSE ARI opened at $10.10 on Wednesday. The stock’s 50 day simple moving average is $10.02 and its 200 day simple moving average is $10.05. Apollo Commercial Real Estate Finance has a one year low of $7.70 and a one year high of $11.11. The firm has a market cap of $1.40 billion, a PE ratio of 11.35, a price-to-earnings-growth ratio of 0.29 and a beta of 1.54. The company has a debt-to-equity ratio of 0.66, a current ratio of 90.32 and a quick ratio of 90.32.

Apollo Commercial Real Estate Finance (NYSE:ARI) last posted its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. The company had revenue of $63.88 million for the quarter, compared to analyst estimates of $49.15 million. Apollo Commercial Real Estate Finance had a return on equity of 8.34% and a net margin of 51.40%. As a group, sell-side analysts forecast that Apollo Commercial Real Estate Finance will post 0.63 earnings per share for the current fiscal year.

Apollo Commercial Real Estate Finance Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $1.00 dividend on an annualized basis and a yield of 9.9%. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently 112.36%.

Insiders Place Their Bets

In other news, CEO Stuart Rothstein sold 52,073 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $10.78, for a total transaction of $561,346.94. Following the transaction, the chief executive officer directly owned 281,781 shares in the company, valued at approximately $3,037,599.18. This represents a 15.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on ARI. Weiss Ratings reissued a “hold (c)” rating on shares of Apollo Commercial Real Estate Finance in a research note on Monday. Keefe, Bruyette & Woods lifted their price objective on Apollo Commercial Real Estate Finance from $10.75 to $11.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. Zacks Research cut Apollo Commercial Real Estate Finance from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 16th. JPMorgan Chase & Co. raised their target price on Apollo Commercial Real Estate Finance from $10.50 to $11.00 and gave the stock an “overweight” rating in a research report on Monday, November 3rd. Finally, Wall Street Zen lowered Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Apollo Commercial Real Estate Finance has a consensus rating of “Hold” and an average target price of $10.88.

About Apollo Commercial Real Estate Finance

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, the United Kingdom, and Europe.