Crossmark Global Holdings Inc. acquired a new stake in Apollo Commercial Real Estate Finance (NYSE:ARI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,790 shares of the real estate investment trust’s stock, valued at approximately $214,000.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Apollo Commercial Real Estate Finance by 100.9% during the second quarter. Vanguard Group Inc. now owns 7,216,049 shares of the real estate investment trust’s stock worth $133,857,000 after purchasing an additional 3,624,657 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Apollo Commercial Real Estate Finance by 5,070.4% during the second quarter. Principal Financial Group Inc. now owns 835,802 shares of the real estate investment trust’s stock worth $15,504,000 after purchasing an additional 819,637 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Apollo Commercial Real Estate Finance by 142.0% during the second quarter. Bank of New York Mellon Corp now owns 1,255,972 shares of the real estate investment trust’s stock worth $23,297,000 after purchasing an additional 736,981 shares during the period. APG Asset Management N.V. acquired a new stake in shares of Apollo Commercial Real Estate Finance during the third quarter worth $12,322,000. Finally, State Street Corp lifted its holdings in shares of Apollo Commercial Real Estate Finance by 36.4% during the second quarter. State Street Corp now owns 2,410,961 shares of the real estate investment trust’s stock worth $44,728,000 after purchasing an additional 643,910 shares during the period. 67.76% of the stock is owned by institutional investors and hedge funds.

Shares of Apollo Commercial Real Estate Finance (NYSE ARI) opened at $18.60 on Monday. The company has a current ratio of 291.34, a quick ratio of 291.34 and a debt-to-equity ratio of 0.83. Apollo Commercial Real Estate Finance has a fifty-two week low of $16.46 and a fifty-two week high of $19.92. The firm has a market capitalization of $1,992.45, a price-to-earnings ratio of 9.89 and a beta of 0.63.

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

Separately, Zacks Investment Research raised Apollo Commercial Real Estate Finance from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $19.33.

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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.

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

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