Apollo Commercial Real Estate Finance (NYSE:ARI) Sees Large Increase in Short Interest

Apollo Commercial Real Estate Finance (NYSE:ARI) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totalling 7,133,088 shares, a growth of 63.7% from the June 15th total of 4,358,579 shares. Based on an average daily volume of 1,601,702 shares, the short-interest ratio is presently 4.5 days. Currently, 7.1% of the company’s shares are short sold.

A number of brokerages have recently issued reports on ARI. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $18.00 target price on shares of Apollo Commercial Real Estate Finance in a research report on Friday, June 9th. BidaskClub lowered Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research downgraded Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $19.00 price target on shares of Apollo Commercial Real Estate Finance in a report on Thursday, July 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned 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 business’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $18.69, for a total transaction of $467,250.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.62% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. Dean Capital Management increased its stake in Apollo Commercial Real Estate Finance by 73.3% in the second quarter. Dean Capital Management now owns 225,765 shares of the real estate investment trust’s stock valued at $4,188,000 after buying an additional 95,515 shares in the last quarter. Sterling Capital Management LLC purchased a new stake in Apollo Commercial Real Estate Finance during the second quarter valued at about $1,084,000. Ameritas Investment Partners Inc. increased its stake in Apollo Commercial Real Estate Finance by 17.4% in the second quarter. Ameritas Investment Partners Inc. now owns 8,076 shares of the real estate investment trust’s stock valued at $150,000 after buying an additional 1,196 shares in the last quarter. Nomura Holdings Inc. increased its stake in Apollo Commercial Real Estate Finance by 9.4% in the second quarter. Nomura Holdings Inc. now owns 498,604 shares of the real estate investment trust’s stock valued at $9,245,000 after buying an additional 42,931 shares in the last quarter. Finally, California State Teachers Retirement System increased its stake in Apollo Commercial Real Estate Finance by 1.3% in the second quarter. California State Teachers Retirement System now owns 162,986 shares of the real estate investment trust’s stock valued at $3,023,000 after buying an additional 2,154 shares in the last quarter. 50.32% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Apollo Commercial Real Estate Finance (ARI) traded up 0.06% on Friday, hitting $17.92. The stock had a trading volume of 1,405,341 shares. The firm has a 50 day moving average price of $18.16 and a 200 day moving average price of $18.38. The company has a market capitalization of $1.89 billion, a P/E ratio of 8.87 and a beta of 0.65. Apollo Commercial Real Estate Finance has a one year low of $15.54 and a one year high of $19.92.

Apollo Commercial Real Estate Finance (NYSE:ARI) last issued its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by $0.01. Apollo Commercial Real Estate Finance had a return on equity of 9.59% and a net margin of 93.54%. The business had revenue of $62.22 million for the quarter, compared to analyst estimates of $63.75 million. During the same period in the previous year, the business posted $0.49 EPS. The business’s quarterly revenue was up 32.6% compared to the same quarter last year. On average, equities research analysts predict that Apollo Commercial Real Estate Finance will post $1.84 earnings per share for the current fiscal year.

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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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