Public Sector Pension investment Board purchased a new stake in shares of Apollo Commercial Real Estate Finance (NYSE:ARI) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 48,900 shares of the real estate investment trust’s stock, valued at approximately $907,000.

A number of other hedge funds have also made changes to their positions in the business. Advisors Asset Management Inc. raised its stake in shares of Apollo Commercial Real Estate Finance by 374.1% in the first quarter. Advisors Asset Management Inc. now owns 5,931 shares of the real estate investment trust’s stock worth $112,000 after purchasing an additional 4,680 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of Apollo Commercial Real Estate Finance during the first quarter valued at approximately $129,000. PNC Financial Services Group Inc. boosted its position in shares of Apollo Commercial Real Estate Finance by 10.9% during the second quarter. PNC Financial Services Group Inc. now owns 7,799 shares of the real estate investment trust’s stock valued at $144,000 after buying an additional 765 shares during the last quarter. Security National Trust Co. boosted its position in shares of Apollo Commercial Real Estate Finance by 40.0% during the second quarter. Security National Trust Co. now owns 8,400 shares of the real estate investment trust’s stock valued at $156,000 after buying an additional 2,400 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Apollo Commercial Real Estate Finance during the second quarter valued at approximately $172,000. Institutional investors and hedge funds own 64.90% of the company’s stock.

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Several equities research analysts recently issued reports on the company. Royal Bank Of Canada reiterated a “buy” rating and set a $19.00 price target on shares of Apollo Commercial Real Estate Finance in a report on Thursday, July 20th. BidaskClub upgraded Apollo Commercial Real Estate Finance from a “hold” rating to a “buy” rating in a research note on Wednesday, June 21st. Zacks Investment Research upgraded Apollo Commercial Real Estate Finance from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $18.00 price objective on shares of Apollo Commercial Real Estate Finance in a research note on Friday, June 9th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $19.33.

Apollo Commercial Real Estate Finance (ARI) opened at 18.21 on Wednesday. The firm’s 50 day moving average is $18.05 and its 200 day moving average is $18.42. Apollo Commercial Real Estate Finance has a 52-week low of $15.54 and a 52-week high of $19.92. The company has a market cap of $1.92 billion, a PE ratio of 9.01 and a beta of 0.64.

Apollo Commercial Real Estate Finance (NYSE:ARI) last posted its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.01). The company had revenue of $62.22 million during the quarter, compared to analysts’ expectations of $63.75 million. Apollo Commercial Real Estate Finance had a return on equity of 9.59% and a net margin of 93.54%. Apollo Commercial Real Estate Finance’s revenue for the quarter was up 32.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.49 EPS. Analysts forecast that Apollo Commercial Real Estate Finance will post $1.84 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 10.10%. The ex-dividend date is Thursday, September 28th. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is 86.79%.

Apollo Commercial Real Estate Finance 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 Estate Finance (NYSE:ARI)

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