Magnetar Financial LLC Purchases Shares of 33,207 Apollo Commercial Real Est. Finance Inc (ARI)

Magnetar Financial LLC purchased a new position in shares of Apollo Commercial Real Est. Finance Inc (NYSE:ARI) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 33,207 shares of the real estate investment trust’s stock, valued at approximately $601,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ARI. APG Asset Management N.V. purchased a new position in Apollo Commercial Real Est. Finance during the third quarter worth about $12,322,000. Global X MANAGEMENT CO LLC raised its stake in Apollo Commercial Real Est. Finance by 5.2% during the third quarter. Global X MANAGEMENT CO LLC now owns 1,094,934 shares of the real estate investment trust’s stock worth $19,829,000 after purchasing an additional 54,097 shares during the period. Bessemer Group Inc. raised its stake in Apollo Commercial Real Est. Finance by 17.1% during the third quarter. Bessemer Group Inc. now owns 222,177 shares of the real estate investment trust’s stock worth $4,023,000 after purchasing an additional 32,404 shares during the period. QS Investors LLC raised its stake in Apollo Commercial Real Est. Finance by 36.6% during the second quarter. QS Investors LLC now owns 41,894 shares of the real estate investment trust’s stock worth $777,000 after purchasing an additional 11,215 shares during the period. Finally, Pictet North America Advisors SA purchased a new position in Apollo Commercial Real Est. Finance during the second quarter worth about $1,670,000. Hedge funds and other institutional investors own 67.76% of the company’s stock.

Separately, Zacks Investment Research raised shares of Apollo Commercial Real Est. Finance from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $19.33.

Apollo Commercial Real Est. Finance Inc (NYSE:ARI) opened at $18.69 on Wednesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 291.34 and a current ratio of 291.34. Apollo Commercial Real Est. Finance Inc has a 52 week low of $16.46 and a 52 week high of $19.92. The company has a market cap of $1,998.88, a PE ratio of 9.93 and a beta of 0.63.

Apollo Commercial Real Est. Finance (NYSE:ARI) last issued its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.05. Apollo Commercial Real Est. 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 in the previous year, the firm earned $0.45 earnings per share. Apollo Commercial Real Est. Finance’s quarterly revenue was up 33.6% compared to the same quarter last year. equities analysts predict that Apollo Commercial Real Est. Finance Inc will post 1.61 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally published by Community Financial News and is owned by of Community Financial News. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.com-unik.info/2017/12/13/magnetar-financial-llc-purchases-shares-of-33207-apollo-commercial-real-est-finance-inc-ari.html.

Apollo Commercial Real Est. 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.

Want to see what other hedge funds are holding ARI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apollo Commercial Real Est. Finance Inc (NYSE:ARI).

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

Receive News & Ratings for Apollo Commercial Real Est. Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apollo Commercial Real Est. Finance and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit