Atlantic Trust Group LLC Sells 29,235 Shares of Apollo Commercial Real Est. Finance Inc (ARI)

Atlantic Trust Group LLC reduced its holdings in shares of Apollo Commercial Real Est. Finance Inc (NYSE:ARI) by 27.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 75,621 shares of the real estate investment trust’s stock after selling 29,235 shares during the period. Atlantic Trust Group LLC owned about 0.06% of Apollo Commercial Real Est. Finance worth $1,360,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. State Treasurer State of Michigan grew its position in Apollo Commercial Real Est. Finance by 39.6% during the first quarter. State Treasurer State of Michigan now owns 5,184,968 shares of the real estate investment trust’s stock valued at $93,226,000 after acquiring an additional 1,470,000 shares during the last quarter. Bank of New York Mellon Corp grew its position in Apollo Commercial Real Est. Finance by 6.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,353,288 shares of the real estate investment trust’s stock valued at $24,968,000 after acquiring an additional 86,644 shares during the last quarter. Northern Trust Corp grew its position in Apollo Commercial Real Est. Finance by 3.6% during the first quarter. Northern Trust Corp now owns 1,289,886 shares of the real estate investment trust’s stock valued at $23,193,000 after acquiring an additional 44,774 shares during the last quarter. Principal Financial Group Inc. grew its position in Apollo Commercial Real Est. Finance by 15.0% during the first quarter. Principal Financial Group Inc. now owns 998,746 shares of the real estate investment trust’s stock valued at $17,958,000 after acquiring an additional 130,432 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in Apollo Commercial Real Est. Finance by 13.0% during the first quarter. Schwab Charles Investment Management Inc. now owns 517,929 shares of the real estate investment trust’s stock valued at $9,313,000 after acquiring an additional 59,697 shares during the last quarter. Institutional investors and hedge funds own 68.78% of the company’s stock.

In related news, CEO Stuart Rothstein sold 13,654 shares of the firm’s stock in a transaction 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 at this hyperlink. Also, CFO Jai Agarwal purchased 3,000 shares of the company’s stock in a transaction that occurred on Monday, May 21st. The stock was acquired at an average cost of $25.40 per share, with a total value of $76,200.00. Following the purchase, the chief financial officer now directly owns 800 shares of the company’s stock, valued at $20,320. The disclosure for this purchase can be found here. Company insiders own 0.65% of the company’s stock.

Several research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Apollo Commercial Real Est. Finance from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Thursday, June 14th. Deutsche Bank assumed coverage on shares of Apollo Commercial Real Est. Finance in a report on Friday, May 18th. They issued a “buy” rating on the stock. ValuEngine cut shares of Apollo Commercial Real Est. Finance from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Raymond James assumed coverage on shares of Apollo Commercial Real Est. Finance in a report on Tuesday, March 27th. They issued a “market perform” rating on the stock. Finally, UBS Group assumed coverage on shares of Apollo Commercial Real Est. Finance in a report on Tuesday, March 27th. They issued a “market perform” rating on the stock. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Apollo Commercial Real Est. Finance has an average rating of “Hold” and an average price target of $20.00.

Shares of Apollo Commercial Real Est. Finance stock opened at $18.33 on Friday. The company has a current ratio of 42.65, a quick ratio of 42.65 and a debt-to-equity ratio of 0.25. Apollo Commercial Real Est. Finance Inc has a 52-week low of $17.56 and a 52-week high of $19.06. The company has a market capitalization of $2.31 billion, a PE ratio of 11.90 and a beta of 0.52.

Apollo Commercial Real Est. Finance (NYSE:ARI) last issued its earnings results on Wednesday, May 2nd. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.02). Apollo Commercial Real Est. Finance had a return on equity of 9.80% and a net margin of 73.47%. The firm had revenue of $63.20 million during the quarter, compared to the consensus estimate of $66.38 million. During the same quarter in the prior year, the business posted $0.41 EPS. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. analysts predict that Apollo Commercial Real Est. Finance Inc will post 1.67 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 16th. Investors of record on Friday, June 29th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 10.04%. The ex-dividend date of this dividend is Thursday, June 28th. Apollo Commercial Real Est. Finance’s payout ratio is 119.48%.

Apollo Commercial Real Est. Finance Company Profile

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 Est. Finance (NYSE:ARI)

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