23,874 Shares in Apollo Commercial Real Estate Finance (ARI) Acquired by Invictus RG

Invictus RG purchased a new stake in Apollo Commercial Real Estate Finance (NYSE:ARI) during the first quarter, Holdings Channel reports. The fund purchased 23,874 shares of the real estate investment trust’s stock, valued at approximately $449,000.

Several other large investors have also made changes to their positions in ARI. Vanguard Group Inc. boosted its stake in shares of Apollo Commercial Real Estate Finance by 5.0% in the first quarter. Vanguard Group Inc. now owns 3,591,392 shares of the real estate investment trust’s stock valued at $67,554,000 after buying an additional 170,993 shares during the last quarter. LSV Asset Management boosted its stake in shares of Apollo Commercial Real Estate Finance by 0.7% in the first quarter. LSV Asset Management now owns 1,930,404 shares of the real estate investment trust’s stock valued at $36,310,000 after buying an additional 13,526 shares during the last quarter. UBS Group AG boosted its stake in shares of Apollo Commercial Real Estate Finance by 3.7% in the first quarter. UBS Group AG now owns 1,778,762 shares of the real estate investment trust’s stock valued at $33,459,000 after buying an additional 63,000 shares during the last quarter. Global X Management Co. LLC boosted its stake in shares of Apollo Commercial Real Estate Finance by 4.7% in the first quarter. Global X Management Co. LLC now owns 969,909 shares of the real estate investment trust’s stock valued at $18,244,000 after buying an additional 43,326 shares during the last quarter. Finally, First Trust Advisors LP acquired a new stake in shares of Apollo Commercial Real Estate Finance during the first quarter valued at $10,496,000. 50.47% of the stock is owned by hedge funds and other institutional investors.

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

Apollo Commercial Real Estate Finance (NYSE:ARI) traded up 0.43% during midday trading on Wednesday, reaching $18.84. 1,238,700 shares of the company were exchanged. The firm has a 50-day moving average price of $18.61 and a 200-day moving average price of $17.99. The company has a market capitalization of $1.73 billion, a PE ratio of 9.83 and a beta of 0.66. Apollo Commercial Real Estate Finance has a 52 week low of $15.53 and a 52 week high of $19.92.

Apollo Commercial Real Estate Finance (NYSE:ARI) last announced its quarterly earnings data on Tuesday, May 2nd. The real estate investment trust reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by $0.08. The company had revenue of $57.81 million for the quarter. Apollo Commercial Real Estate Finance had a return on equity of 9.79% and a net margin of 88.07%. Equities research analysts anticipate that Apollo Commercial Real Estate Finance will post $1.91 earnings per share for the current fiscal year.

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Several equities research analysts have recently weighed in on ARI shares. JMP Securities cut shares of Apollo Commercial Real Estate Finance from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 1st. They noted that the move was a valuation call. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $18.00 price target on shares of Apollo Commercial Real Estate Finance in a research report on Thursday, March 2nd. Zacks Investment Research cut shares of Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a research report on Thursday, May 4th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $19.00 price target on shares of Apollo Commercial Real Estate Finance in a research report on Wednesday, March 1st. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. Apollo Commercial Real Estate Finance presently has an average rating of “Hold” and a consensus price target of $18.75.

In other news, CEO Stuart Rothstein sold 25,000 shares of the stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $18.72, for a total transaction of $468,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate 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.

Want to see what other hedge funds are holding ARI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apollo Commercial Real Estate Finance (NYSE:ARI).

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