Hennion & Walsh Asset Management Inc. Increases Holdings in Apollo Commercial Real Estate Finance $ARI

Hennion & Walsh Asset Management Inc. grew its holdings in Apollo Commercial Real Estate Finance (NYSE:ARI) by 174.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 128,801 shares of the real estate investment trust’s stock after buying an additional 81,862 shares during the quarter. Hennion & Walsh Asset Management Inc. owned approximately 0.09% of Apollo Commercial Real Estate Finance worth $1,247,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in shares of Apollo Commercial Real Estate Finance by 60.4% during the fourth quarter. GAMMA Investing LLC now owns 2,832 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 1,066 shares during the period. Amalgamated Bank lifted its stake in Apollo Commercial Real Estate Finance by 3.2% in the third quarter. Amalgamated Bank now owns 38,257 shares of the real estate investment trust’s stock worth $388,000 after acquiring an additional 1,182 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Apollo Commercial Real Estate Finance by 18.6% in the third quarter. EverSource Wealth Advisors LLC now owns 8,346 shares of the real estate investment trust’s stock worth $85,000 after acquiring an additional 1,308 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Apollo Commercial Real Estate Finance by 8.9% in the second quarter. Envestnet Asset Management Inc. now owns 19,328 shares of the real estate investment trust’s stock valued at $187,000 after acquiring an additional 1,582 shares in the last quarter. Finally, Merit Financial Group LLC boosted its holdings in Apollo Commercial Real Estate Finance by 1.7% in the third quarter. Merit Financial Group LLC now owns 118,665 shares of the real estate investment trust’s stock valued at $1,202,000 after acquiring an additional 2,032 shares in the last quarter. 54.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ARI has been the subject of several research reports. Weiss Ratings restated a “hold (c-)” rating on shares of Apollo Commercial Real Estate Finance in a report on Monday, December 29th. Wall Street Zen lowered shares of Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd. Zacks Research cut shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 19th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Apollo Commercial Real Estate Finance from $10.75 to $11.50 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $11.00.

Apollo Commercial Real Estate Finance Price Performance

Shares of ARI stock opened at $10.65 on Friday. The business’s fifty day moving average is $10.56 and its 200 day moving average is $10.23. The company has a quick ratio of 96.78, a current ratio of 96.78 and a debt-to-equity ratio of 0.66. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 13.31 and a beta of 1.46. Apollo Commercial Real Estate Finance has a twelve month low of $7.70 and a twelve month high of $11.20.

Apollo Commercial Real Estate Finance (NYSE:ARI) last announced its quarterly earnings data on Tuesday, February 10th. The real estate investment trust reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26. Apollo Commercial Real Estate Finance had a return on equity of 7.94% and a net margin of 46.66%.The business had revenue of $73.25 million during the quarter, compared to analyst estimates of $46.97 million. Research analysts expect that Apollo Commercial Real Estate Finance will post 0.63 EPS for the current fiscal year.

Apollo Commercial Real Estate Finance Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 9.4%. The ex-dividend date of this dividend is Tuesday, March 31st. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is 125.00%.

Apollo Commercial Real Estate Finance Profile

Apollo Commercial Real Estate Finance, Inc (NYSE: ARI) is a real estate finance company structured as a real estate investment trust (REIT). The company focuses on originating, acquiring and managing a diversified portfolio of commercial real estate debt and preferred equity investments. As an externally managed vehicle, ARI leverages the expertise and resources of an affiliate of Apollo Global Management, a leading global alternative investment manager.

ARI’s investment strategy is centered on providing first mortgage loans, mezzanine debt financing, bridge loans and preferred equity across a broad range of property types, including office, retail, industrial and multifamily assets.