Nisa Investment Advisors LLC decreased its position in shares of Apollo Commercial Real Estate Finance (NYSE:ARI) by 14.9% during the second quarter, Holdings Channel reports. The institutional investor owned 28,600 shares of the real estate investment trust’s stock after selling 5,000 shares during the period. Nisa Investment Advisors LLC’s holdings in Apollo Commercial Real Estate Finance were worth $528,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Thrivent Financial For Lutherans boosted its position in Apollo Commercial Real Estate Finance by 134.6% in the first quarter. Thrivent Financial For Lutherans now owns 31,360 shares of the real estate investment trust’s stock valued at $590,000 after buying an additional 17,993 shares during the period. ClariVest Asset Management LLC boosted its position in Apollo Commercial Real Estate Finance by 23.8% in the first quarter. ClariVest Asset Management LLC now owns 229,600 shares of the real estate investment trust’s stock valued at $4,318,000 after buying an additional 44,100 shares during the period. UBS Asset Management Americas Inc. boosted its position in shares of Apollo Commercial Real Estate Finance by 72.4% in the first quarter. UBS Asset Management Americas Inc. now owns 54,422 shares of the real estate investment trust’s stock valued at $1,024,000 after buying an additional 22,854 shares during the last quarter. Swiss National Bank boosted its position in shares of Apollo Commercial Real Estate Finance by 1.9% in the first quarter. Swiss National Bank now owns 142,939 shares of the real estate investment trust’s stock valued at $2,689,000 after buying an additional 2,600 shares during the last quarter. Finally, Van ECK Associates Corp boosted its position in shares of Apollo Commercial Real Estate Finance by 0.8% in the first quarter. Van ECK Associates Corp now owns 281,636 shares of the real estate investment trust’s stock valued at $5,298,000 after buying an additional 2,175 shares during the last quarter. Institutional investors own 48.66% of the company’s stock.

Shares of Apollo Commercial Real Estate Finance (NYSE ARI) traded down 0.55% on Thursday, reaching $18.10. 615,487 shares of the company were exchanged. The firm has a market capitalization of $1.91 billion, a PE ratio of 8.96 and a beta of 0.65. The stock’s 50-day moving average is $18.35 and its 200 day moving average is $18.35. Apollo Commercial Real Estate Finance has a 12-month low of $15.54 and a 12-month high of $19.92.

Apollo Commercial Real Estate Finance (NYSE:ARI) last posted its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by $0.01. Apollo Commercial Real Estate Finance had a net margin of 93.54% and a return on equity of 9.59%. The business had revenue of $62.22 million for the quarter, compared to analysts’ expectations of $63.75 million. During the same quarter in the previous year, the firm earned $0.49 EPS. Apollo Commercial Real Estate Finance’s revenue was up 32.6% compared to the same quarter last year. On average, analysts forecast that Apollo Commercial Real Estate Finance will post $1.81 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 10.11%. The ex-dividend date of this dividend was Wednesday, June 28th. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is presently 86.79%.

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Several brokerages recently commented on ARI. Keefe, Bruyette & Woods restated a “hold” rating and set a $18.00 target price on shares of Apollo Commercial Real Estate Finance in a report on Wednesday, May 3rd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $19.00 price target on shares of Apollo Commercial Real Estate Finance in a research report on Thursday, July 20th. BidaskClub lowered shares of Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Zacks Investment Research lowered shares of Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a research report on Thursday, May 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $18.75.

In other Apollo Commercial Real Estate Finance news, CEO Stuart Rothstein sold 25,000 shares of Apollo Commercial Real Estate Finance stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $18.69, for a total transaction of $467,250.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.62% of the company’s stock.

Apollo Commercial Real Estate 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.

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

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