State Street Corp Increases Holdings in Apollo Commercial Real Estate Finance (ARI)

State Street Corp raised its stake in Apollo Commercial Real Estate Finance (NYSE:ARI) by 36.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,410,961 shares of the real estate investment trust’s stock after buying an additional 643,910 shares during the quarter. State Street Corp owned about 2.29% of Apollo Commercial Real Estate Finance worth $44,728,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pictet North America Advisors SA bought a new position in Apollo Commercial Real Estate Finance in the second quarter valued at approximately $1,670,000. Banque Pictet & Cie SA bought a new position in Apollo Commercial Real Estate Finance in the second quarter valued at approximately $1,670,000. Prudential Financial Inc. lifted its stake in Apollo Commercial Real Estate Finance by 27.2% in the second quarter. Prudential Financial Inc. now owns 530,048 shares of the real estate investment trust’s stock valued at $9,832,000 after buying an additional 113,190 shares in the last quarter. Ameriprise Financial Inc. bought a new position in Apollo Commercial Real Estate Finance in the second quarter valued at approximately $10,140,000. Finally, Thrivent Financial For Lutherans lifted its stake in 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 valued at $590,000 after buying an additional 17,993 shares in the last quarter. 65.48% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have weighed in on the stock. 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 Wednesday, October 25th. BidaskClub lowered shares of Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. 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. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $19.33.

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Apollo Commercial Real Estate Finance (ARI) opened at $18.35 on Friday. The company has a quick ratio of 209.57, a current ratio of 291.34 and a debt-to-equity ratio of 0.83. Apollo Commercial Real Estate Finance has a one year low of $16.41 and a one year high of $19.92. The firm has a market cap of $1,965.67, a P/E ratio of 9.76 and a beta of 0.63.

Apollo Commercial Real Estate Finance (NYSE:ARI) last posted its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.05. Apollo Commercial Real Estate Finance had a net margin of 86.07% and a return on equity of 10.32%. The company had revenue of $71.24 million for the quarter, compared to the consensus estimate of $66.40 million. During the same period last year, the company earned $0.45 earnings per share. The firm’s revenue was up 33.6% compared to the same quarter last year. equities research analysts expect that Apollo Commercial Real Estate Finance will post 1.56 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were issued a $0.46 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 10.03%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is presently 100.55%.

Apollo Commercial Real Estate Finance 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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