Commonwealth Equity Services LLC Cuts Stock Holdings in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Commonwealth Equity Services LLC decreased its holdings in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 8.8% during the third quarter, HoldingsChannel reports. The firm owned 25,030 shares of the real estate investment trust’s stock after selling 2,403 shares during the period. Commonwealth Equity Services LLC’s holdings in Apollo Commercial Real Estate Finance were worth $371,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Swiss National Bank increased its holdings in shares of Apollo Commercial Real Estate Finance by 1.2% during the 2nd quarter. Swiss National Bank now owns 308,239 shares of the real estate investment trust’s stock valued at $4,916,000 after purchasing an additional 3,700 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Apollo Commercial Real Estate Finance by 2.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 94,242 shares of the real estate investment trust’s stock worth $1,503,000 after acquiring an additional 2,537 shares in the last quarter. Invesco Ltd. boosted its stake in Apollo Commercial Real Estate Finance by 6.7% during the 2nd quarter. Invesco Ltd. now owns 1,982,819 shares of the real estate investment trust’s stock worth $31,626,000 after purchasing an additional 124,136 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in Apollo Commercial Real Estate Finance by 9.3% during the 3rd quarter. Louisiana State Employees Retirement System now owns 63,400 shares of the real estate investment trust’s stock worth $940,000 after purchasing an additional 5,400 shares during the last quarter. Finally, Citigroup Inc. boosted its stake in Apollo Commercial Real Estate Finance by 517.0% during the 2nd quarter. Citigroup Inc. now owns 290,398 shares of the real estate investment trust’s stock worth $4,631,000 after purchasing an additional 243,332 shares during the last quarter. Institutional investors and hedge funds own 58.15% of the company’s stock.

Separately, Zacks Investment Research raised shares of Apollo Commercial Real Estate Finance from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 28th.

Shares of NYSE:ARI opened at $14.02 on Friday. The company has a debt-to-equity ratio of 2.29, a current ratio of 66.82 and a quick ratio of 66.82. The firm has a market capitalization of $1.96 billion, a PE ratio of 10.01 and a beta of 1.28. The firm’s 50-day moving average is $13.84 and its two-hundred day moving average is $14.79. Apollo Commercial Real Estate Finance, Inc. has a 1 year low of $11.02 and a 1 year high of $16.94.

Apollo Commercial Real Estate Finance (NYSE:ARI) last released its earnings results on Sunday, October 24th. The real estate investment trust reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.01). Apollo Commercial Real Estate Finance had a return on equity of 9.26% and a net margin of 80.15%. During the same quarter in the previous year, the business earned $0.32 EPS. Analysts expect that Apollo Commercial Real Estate Finance, Inc. will post 1.37 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, January 15th. Investors of record on Friday, December 31st will be paid a dividend of $0.35 per share. The ex-dividend date is Thursday, December 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 9.99%. Apollo Commercial Real Estate Finance’s payout ratio is 100.00%.

In other Apollo Commercial Real Estate Finance news, Director Robert A. Kasdin sold 15,000 shares of the stock in a transaction that occurred on Wednesday, November 10th. The shares were sold at an average price of $15.43, for a total value of $231,450.00. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.46% of the stock is currently owned by corporate insiders.

Apollo Commercial Real Estate Finance Company Profile

Apollo Commercial Real Estate Finance, Inc is a real estate investment trust, which originates, acquires, invests in, and manages performing commercial real estate mortgage loans, subordinate financings, and other commercial real estate-related debt investments. It offers loan programs that include senior loans, subordinate debt, bridge loans, and preferred equity.

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

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