ClariVest Asset Management LLC Purchases 65,100 Shares of Apollo Commercial Real Estate Finance (ARI)

ClariVest Asset Management LLC boosted its position in Apollo Commercial Real Estate Finance (NYSE:ARI) by 28.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 294,700 shares of the real estate investment trust’s stock after buying an additional 65,100 shares during the period. ClariVest Asset Management LLC owned 0.32% of Apollo Commercial Real Estate Finance worth $5,466,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of the company. Thrivent Financial For Lutherans boosted its position in shares of Apollo Commercial Real Estate Finance by 134.6% in the first quarter. Thrivent Financial For Lutherans now owns 31,360 shares of the real estate investment trust’s stock worth $590,000 after buying an additional 17,993 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of Apollo Commercial Real Estate Finance by 72.4% in the first quarter. UBS Asset Management Americas Inc. now owns 54,422 shares of the real estate investment trust’s stock worth $1,024,000 after buying an additional 22,854 shares in the last quarter. Swiss National Bank boosted its position in shares of Apollo Commercial Real Estate Finance by 1.9% in the first quarter. Swiss National Bank now owns 142,939 shares of the real estate investment trust’s stock worth $2,689,000 after buying an additional 2,600 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Apollo Commercial Real Estate Finance by 0.8% in the first quarter. Van ECK Associates Corp now owns 281,636 shares of the real estate investment trust’s stock worth $5,298,000 after buying an additional 2,175 shares in the last quarter. Finally, Great Lakes Advisors LLC boosted its position in shares of Apollo Commercial Real Estate Finance by 35.9% in the first quarter. Great Lakes Advisors LLC now owns 18,652 shares of the real estate investment trust’s stock worth $351,000 after buying an additional 4,932 shares in the last quarter. Institutional investors own 50.32% of the company’s stock.

Apollo Commercial Real Estate Finance (ARI) opened at 18.23 on Tuesday. Apollo Commercial Real Estate Finance has a 52 week low of $15.54 and a 52 week high of $19.92. The company has a market capitalization of $1.92 billion, a PE ratio of 9.02 and a beta of 0.65. The firm’s 50-day moving average price is $18.26 and its 200 day moving average price is $18.37.

Apollo Commercial Real Estate Finance (NYSE:ARI) last issued its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by $0.01. The firm had revenue of $62.22 million during the quarter, compared to analysts’ expectations of $63.75 million. Apollo Commercial Real Estate Finance had a return on equity of 9.59% and a net margin of 93.54%. Apollo Commercial Real Estate Finance’s revenue for the quarter was up 32.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.49 earnings per share. Equities research analysts expect that Apollo Commercial Real Estate Finance will post $1.86 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were paid a $0.46 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 10.09%. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently 86.79%.

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A number of equities analysts recently issued reports on ARI shares. Zacks Investment Research upgraded Apollo Commercial Real Estate Finance from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Tuesday, April 25th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $18.00 target price on shares of Apollo Commercial Real Estate Finance in a report on Friday, June 9th. BidaskClub upgraded Apollo Commercial Real Estate Finance from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $19.00 target price on shares of Apollo Commercial Real Estate Finance in a report on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $18.75.

In other news, CEO Stuart Rothstein sold 25,000 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $18.69, for a total value of $467,250.00. The transaction was disclosed in a legal filing with the SEC, which is available 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.

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

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