SG Americas Securities LLC lifted its holdings in shares of Apollo Commercial Real Est. Finance Inc (NYSE:ARI) by 106.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,203 shares of the real estate investment trust’s stock after purchasing an additional 9,922 shares during the period. SG Americas Securities LLC’s holdings in Apollo Commercial Real Est. Finance were worth $348,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital Advisors Ltd. LLC purchased a new position in shares of Apollo Commercial Real Est. Finance during the 3rd quarter worth approximately $101,000. PNC Financial Services Group Inc. increased its stake in shares of Apollo Commercial Real Est. Finance by 10.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 7,799 shares of the real estate investment trust’s stock worth $144,000 after purchasing an additional 765 shares in the last quarter. Ameritas Investment Partners Inc. increased its stake in shares of Apollo Commercial Real Est. Finance by 17.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,076 shares of the real estate investment trust’s stock worth $150,000 after purchasing an additional 1,196 shares in the last quarter. Security National Trust Co. increased its stake in shares of Apollo Commercial Real Est. Finance by 40.0% during the 2nd quarter. Security National Trust Co. now owns 8,400 shares of the real estate investment trust’s stock worth $156,000 after purchasing an additional 2,400 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its stake in shares of Apollo Commercial Real Est. Finance by 42.6% during the 2nd quarter. Advisors Asset Management Inc. now owns 8,455 shares of the real estate investment trust’s stock worth $157,000 after purchasing an additional 2,524 shares in the last quarter. 67.76% of the stock is owned by institutional investors and hedge funds.

Separately, Zacks Investment Research raised shares of Apollo Commercial Real Est. Finance from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Wednesday, October 25th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $19.33.

Shares of Apollo Commercial Real Est. Finance Inc (NYSE:ARI) opened at $18.81 on Friday. The company has a market cap of $1,994.60, a P/E ratio of 9.90 and a beta of 0.63. The company has a quick ratio of 291.34, a current ratio of 291.34 and a debt-to-equity ratio of 0.83. Apollo Commercial Real Est. Finance Inc has a 12 month low of $16.46 and a 12 month high of $19.92.

Apollo Commercial Real Est. Finance (NYSE:ARI) last released its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.05. The firm had revenue of $71.24 million during the quarter, compared to analysts’ expectations of $66.40 million. Apollo Commercial Real Est. Finance had a net margin of 86.07% and a return on equity of 10.32%. Apollo Commercial Real Est. Finance’s revenue for the quarter was up 33.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.45 EPS. equities analysts anticipate that Apollo Commercial Real Est. Finance Inc will post 1.61 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be paid a $0.46 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.84 annualized dividend and a yield of 9.78%. Apollo Commercial Real Est. Finance’s payout ratio is currently 100.55%.

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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.

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

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