Apollo Commercial Real Estate Finance (NYSE:ARI) Stake Increased by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its stake in shares of Apollo Commercial Real Estate Finance (NYSE:ARI) by 0.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,165 shares of the real estate investment trust’s stock after buying an additional 80 shares during the period. Principal Financial Group Inc.’s holdings in Apollo Commercial Real Estate Finance were worth $304,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. LSV Asset Management increased its stake in shares of Apollo Commercial Real Estate Finance by 0.7% in the first quarter. LSV Asset Management now owns 1,930,404 shares of the real estate investment trust’s stock valued at $36,310,000 after buying an additional 13,526 shares in the last quarter. First Trust Advisors LP bought a new position in Apollo Commercial Real Estate Finance during the first quarter valued at approximately $10,496,000. Bank of New York Mellon Corp increased its position in Apollo Commercial Real Estate Finance by 24.6% in the first quarter. Bank of New York Mellon Corp now owns 518,991 shares of the real estate investment trust’s stock valued at $9,762,000 after buying an additional 102,377 shares in the last quarter. Prudential Financial Inc. increased its position in Apollo Commercial Real Estate Finance by 13.6% in the first quarter. Prudential Financial Inc. now owns 416,858 shares of the real estate investment trust’s stock valued at $7,841,000 after buying an additional 49,990 shares in the last quarter. Finally, KAMES CAPITAL plc increased its position in Apollo Commercial Real Estate Finance by 0.5% in the first quarter. KAMES CAPITAL plc now owns 401,980 shares of the real estate investment trust’s stock valued at $7,557,000 after buying an additional 1,910 shares in the last quarter. 50.32% of the stock is currently owned by institutional investors and hedge funds.

Apollo Commercial Real Estate Finance (ARI) opened at 17.92 on Friday. The stock has a market cap of $1.89 billion, a P/E ratio of 8.87 and a beta of 0.65. Apollo Commercial Real Estate Finance has a 52-week low of $15.54 and a 52-week high of $19.92. The firm’s 50-day moving average is $18.16 and its 200-day moving average is $18.38.

Apollo Commercial Real Estate Finance (NYSE:ARI) last announced its quarterly earnings data 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 analyst estimates of $63.75 million. Apollo Commercial Real Estate Finance had a net margin of 93.54% and a return on equity of 9.59%. The company’s quarterly revenue was up 32.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.49 EPS. Equities research analysts predict that Apollo Commercial Real Estate Finance will post $1.84 earnings per share for the current year.

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Several research firms recently commented on ARI. BidaskClub raised shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “buy” rating in a research note on Wednesday, June 21st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $18.00 price target on shares of Apollo Commercial Real Estate Finance in a research note on Wednesday, May 3rd. Zacks Investment Research raised shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Tuesday, April 25th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $19.00 price target on shares of Apollo Commercial Real Estate Finance in a research note on Thursday, July 20th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. The company 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 company’s 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.62% of the company’s stock.

About Apollo Commercial Real Estate Finance

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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