Eii Capital Management Inc. Cuts Holdings in Apollo Commercial Real Est. Finance Inc (NYSE:ARI)

Eii Capital Management Inc. cut its stake in Apollo Commercial Real Est. Finance Inc (NYSE:ARI) by 1.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,898 shares of the real estate investment trust’s stock after selling 1,350 shares during the quarter. Eii Capital Management Inc.’s holdings in Apollo Commercial Real Est. Finance were worth $1,543,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in ARI. Bank of New York Mellon Corp raised its holdings in shares of Apollo Commercial Real Est. Finance by 0.7% during the 4th quarter. Bank of New York Mellon Corp now owns 1,581,523 shares of the real estate investment trust’s stock worth $26,347,000 after acquiring an additional 11,545 shares in the last quarter. Northern Trust Corp raised its holdings in Apollo Commercial Real Est. Finance by 0.5% during the 4th quarter. Northern Trust Corp now owns 1,513,433 shares of the real estate investment trust’s stock valued at $25,214,000 after buying an additional 8,062 shares during the period. United Services Automobile Association raised its holdings in Apollo Commercial Real Est. Finance by 9.7% during the 4th quarter. United Services Automobile Association now owns 142,778 shares of the real estate investment trust’s stock valued at $2,379,000 after buying an additional 12,658 shares during the period. Stifel Financial Corp raised its holdings in Apollo Commercial Real Est. Finance by 11.9% during the 4th quarter. Stifel Financial Corp now owns 55,087 shares of the real estate investment trust’s stock valued at $915,000 after buying an additional 5,875 shares during the period. Finally, California State Teachers Retirement System raised its holdings in Apollo Commercial Real Est. Finance by 2.3% during the 4th quarter. California State Teachers Retirement System now owns 193,087 shares of the real estate investment trust’s stock valued at $3,217,000 after buying an additional 4,353 shares during the period. 59.30% of the stock is currently owned by institutional investors.

Separately, Zacks Investment Research lowered Centennial Resource Development from a “hold” rating to a “sell” rating in a report on Tuesday. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Apollo Commercial Real Est. Finance currently has an average rating of “Hold” and a consensus target price of $19.33.

NYSE:ARI traded up $0.10 during midday trading on Tuesday, hitting $18.66. 567,570 shares of the company traded hands, compared to its average volume of 1,169,411. The firm has a fifty day moving average price of $18.60. Apollo Commercial Real Est. Finance Inc has a 12-month low of $16.41 and a 12-month high of $19.57. The stock has a market cap of $2.85 billion, a price-to-earnings ratio of 11.17 and a beta of 0.61. The company has a debt-to-equity ratio of 0.22, a current ratio of 44.92 and a quick ratio of 44.92.

Apollo Commercial Real Est. Finance (NYSE:ARI) last released its quarterly earnings results on Wednesday, April 24th. The real estate investment trust reported $0.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.04. Apollo Commercial Real Est. Finance had a return on equity of 10.47% and a net margin of 77.15%. The company had revenue of $82.83 million for the quarter, compared to analyst estimates of $79.70 million. During the same quarter in the prior year, the firm posted $0.43 EPS. Apollo Commercial Real Est. Finance’s quarterly revenue was up 31.0% compared to the same quarter last year. On average, analysts anticipate that Apollo Commercial Real Est. Finance Inc will post 1.78 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 9.86%. The ex-dividend date of this dividend was Thursday, June 27th. Apollo Commercial Real Est. Finance’s dividend payout ratio (DPR) is presently 110.18%.

About Apollo Commercial Real Est. Finance

Apollo Commercial Real Estate Finance, Inc operates as a real estate investment trust (REIT) that primarily originates, acquires, invests in, and manages commercial first mortgage loans, subordinate financings, and other commercial real estate-related debt investments in the United States. The company is qualified as a REIT under the Internal Revenue Code.

See Also: Holder of Record

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


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