Millennium Management LLC acquired a new position in shares of Apollo Commercial Real Estat (NYSE:ARI) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 22,250 shares of the real estate investment trust’s stock, valued at approximately $411,000.

A number of other large investors have also recently made changes to their positions in ARI. Louisiana State Employees Retirement System grew its position in shares of Apollo Commercial Real Estat by 7.7% during the 4th quarter. Louisiana State Employees Retirement System now owns 41,900 shares of the real estate investment trust’s stock worth $773,000 after buying an additional 3,000 shares during the period. Schwab Charles Investment Management Inc. grew its position in shares of Apollo Commercial Real Estat by 8.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 458,232 shares of the real estate investment trust’s stock worth $8,455,000 after buying an additional 35,022 shares during the period. APG Asset Management N.V. grew its position in shares of Apollo Commercial Real Estat by 99.7% during the 4th quarter. APG Asset Management N.V. now owns 1,358,800 shares of the real estate investment trust’s stock worth $20,878,000 after buying an additional 678,400 shares during the period. Taylor Frigon Capital Management LLC acquired a new position in shares of Apollo Commercial Real Estat during the 4th quarter worth about $1,252,000. Finally, Foundry Partners LLC grew its position in shares of Apollo Commercial Real Estat by 3.3% during the 4th quarter. Foundry Partners LLC now owns 230,541 shares of the real estate investment trust’s stock worth $4,253,000 after buying an additional 7,339 shares during the period. 62.87% of the stock is owned by hedge funds and other institutional investors.

Apollo Commercial Real Estat stock opened at $18.35 on Friday. The stock has a market cap of $2.26 billion, a PE ratio of 10.81 and a beta of 0.49. Apollo Commercial Real Estat has a 1 year low of $18.30 and a 1 year high of $18.37. The company has a debt-to-equity ratio of 0.25, a current ratio of 42.65 and a quick ratio of 42.65.

Apollo Commercial Real Estat (NYSE:ARI) last posted its earnings results on Wednesday, May 2nd. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.02). Apollo Commercial Real Estat had a return on equity of 9.80% and a net margin of 73.47%. The company had revenue of $63.20 million for the quarter, compared to analyst estimates of $66.38 million. During the same quarter in the previous year, the firm posted $0.41 earnings per share. Apollo Commercial Real Estat’s quarterly revenue was up 9.3% compared to the same quarter last year. equities analysts forecast that Apollo Commercial Real Estat will post 1.78 EPS for the current year.

In related news, CEO Stuart Rothstein sold 13,654 shares of the business’s stock in a transaction that occurred on Monday, April 16th. The stock was sold at an average price of $17.85, for a total value of $243,723.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Salvati sold 5,659 shares of the business’s stock in a transaction that occurred on Monday, March 26th. The shares were sold at an average price of $18.25, for a total value of $103,276.75. The disclosure for this sale can be found here. Insiders sold a total of 29,313 shares of company stock valued at $532,501 over the last quarter. 0.62% of the stock is owned by insiders.

Several equities analysts have recently issued reports on ARI shares. ValuEngine lowered Apollo Commercial Real Estat from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 7th. UBS started coverage on Apollo Commercial Real Estat in a research report on Tuesday, March 27th. They set a “market perform” rating for the company. Raymond James started coverage on Apollo Commercial Real Estat in a research report on Tuesday, March 27th. They set a “market perform” rating for the company. Finally, Zacks Investment Research lowered Apollo Commercial Real Estat from a “hold” rating to a “sell” rating in a research report on Tuesday, April 10th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $19.00.

About Apollo Commercial Real Estat

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.

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

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