Winslow Evans & Crocker Inc. Sells 1 Shares of Apollo Commercial Real Estate Finance (NYSE:ARI)

Winslow Evans & Crocker Inc. cut its position in Apollo Commercial Real Estate Finance (NYSE:ARI) by 0.0% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 17,315 shares of the real estate investment trust’s stock after selling 1 shares during the period. Winslow Evans & Crocker Inc.’s holdings in Apollo Commercial Real Estate Finance were worth $321,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Eqis Capital Management Inc. boosted its stake in shares of Apollo Commercial Real Estate Finance by 28.6% in the second quarter. Eqis Capital Management Inc. now owns 15,587 shares of the real estate investment trust’s stock worth $289,000 after buying an additional 3,469 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of Apollo Commercial Real Estate Finance during the second quarter worth $345,000. Creative Planning boosted its stake in shares of Apollo Commercial Real Estate Finance by 40.6% in the second quarter. Creative Planning now owns 21,739 shares of the real estate investment trust’s stock worth $403,000 after buying an additional 6,280 shares during the period. Bank of Montreal Can boosted its stake in shares of Apollo Commercial Real Estate Finance by 7.6% in the second quarter. Bank of Montreal Can now owns 10,058 shares of the real estate investment trust’s stock worth $186,000 after buying an additional 707 shares during the period. Finally, Koshinski Asset Management Inc. boosted its stake in shares of Apollo Commercial Real Estate Finance by 1.3% in the second quarter. Koshinski Asset Management Inc. now owns 71,637 shares of the real estate investment trust’s stock worth $1,329,000 after buying an additional 898 shares during the period. Institutional investors and hedge funds own 48.66% of the company’s stock.

Shares of Apollo Commercial Real Estate Finance (NYSE:ARI) traded down 0.44% during midday trading on Friday, reaching $17.98. 1,138,231 shares of the company traded hands. Apollo Commercial Real Estate Finance has a 1-year low of $15.54 and a 1-year high of $19.92. The company has a market capitalization of $1.90 billion, a PE ratio of 8.90 and a beta of 0.65. The company has a 50 day moving average price of $18.32 and a 200 day moving average price of $18.35.

Apollo Commercial Real Estate Finance (NYSE:ARI) last posted its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.47 by $0.01. The company had revenue of $62.22 million for the quarter, compared to analyst estimates of $63.75 million. Apollo Commercial Real Estate Finance had a return on equity of 9.59% and a net margin of 93.54%. The business’s revenue was up 32.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.49 earnings per share. On average, analysts expect that Apollo Commercial Real Estate Finance will post $1.76 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 10.23%. The ex-dividend date of this dividend was Wednesday, June 28th. Apollo Commercial Real Estate Finance’s dividend payout ratio is presently 86.79%.

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A number of brokerages have weighed in on ARI. Royal Bank Of Canada restated a “buy” rating and issued a $19.00 price objective on shares of Apollo Commercial Real Estate Finance in a report on Thursday, July 20th. BidaskClub cut shares of Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Zacks Investment Research cut shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $18.00 price target on shares of Apollo Commercial Real Estate Finance in a report on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $18.75.

In other Apollo Commercial Real Estate Finance news, CEO Stuart Rothstein sold 25,000 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $18.69, for a total transaction of $467,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.62% of the company’s stock.

Apollo Commercial Real Estate Finance Company Profile

Apollo Commercial Real Estate Finance, Inc is a real estate investment trust. The Company primarily originates, acquires, invests in and manages performing commercial first mortgage loans, subordinate financings, commercial mortgage-backed securities (CMBS) and other commercial real estate-related debt investments.

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

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