American Financial Group Inc. bought a new stake in shares of Apollo Commercial Real Estate Finance (NYSE:ARI) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 375,226 shares of the real estate investment trust’s stock, valued at approximately $6,142,000. American Financial Group Inc. owned approximately 0.56% of Apollo Commercial Real Estate Finance as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ARI. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Apollo Commercial Real Estate Finance by 30.3% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 41,779 shares of the real estate investment trust’s stock valued at $681,000 after buying an additional 9,724 shares during the last quarter. First Republic Investment Management Inc. boosted its stake in shares of Apollo Commercial Real Estate Finance by 212.6% in the first quarter. First Republic Investment Management Inc. now owns 50,020 shares of the real estate investment trust’s stock valued at $815,000 after buying an additional 34,020 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Apollo Commercial Real Estate Finance by 35.2% in the second quarter. BNP Paribas Arbitrage SA now owns 53,161 shares of the real estate investment trust’s stock valued at $854,000 after buying an additional 13,853 shares during the last quarter. Sigma Planning Corp boosted its stake in shares of Apollo Commercial Real Estate Finance by 25.8% in the second quarter. Sigma Planning Corp now owns 25,423 shares of the real estate investment trust’s stock valued at $409,000 after buying an additional 5,218 shares during the last quarter. Finally, Strs Ohio boosted its stake in shares of Apollo Commercial Real Estate Finance by 4.8% in the second quarter. Strs Ohio now owns 19,600 shares of the real estate investment trust’s stock valued at $314,000 after buying an additional 900 shares during the last quarter. 56.49% of the stock is currently owned by institutional investors.

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

Shares of Apollo Commercial Real Estate Finance (NYSE:ARI) traded up 0.838% on Tuesday, hitting $17.455. 471,887 shares of the company traded hands. The firm’s 50-day moving average is $16.69 and its 200 day moving average is $16.41. The firm has a market capitalization of $1.41 billion, a P/E ratio of 12.275 and a beta of 0.70. Apollo Commercial Real Estate Finance has a 1-year low of $13.80 and a 1-year high of $18.25.

Apollo Commercial Real Estate Finance (NYSE:ARI) last announced its quarterly earnings results on Wednesday, October 26th. The real estate investment trust reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.46 by $0.01. Apollo Commercial Real Estate Finance had a return on equity of 10.53% and a net margin of 66.26%. The business earned $53.32 million during the quarter, compared to the consensus estimate of $7.60 million. During the same quarter in the prior year, the firm posted $0.53 EPS. The company’s revenue for the quarter was up 37.8% on a year-over-year basis. On average, analysts anticipate that Apollo Commercial Real Estate Finance will post $2.32 earnings per share for the current fiscal year.

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Several equities research analysts have recently commented on ARI shares. Barclays PLC reaffirmed an “equal weight” rating and issued a $17.00 target price on shares of Apollo Commercial Real Estate Finance in a research report on Thursday, September 8th. Zacks Investment Research raised shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Friday, September 9th. Wells Fargo & Co. raised shares of Apollo Commercial Real Estate Finance from an “underperform” rating to a “market perform” rating in a research report on Thursday, October 13th. Finally, TheStreet raised shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “buy” rating in a research report on Wednesday, October 26th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $17.50.

Apollo Commercial Real Estate Finance Company Profile

Apollo Commercial Real Estate Finance, Inc (ARI) is a real estate investment trust (REIT). 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.

5 Day Chart for NYSE:ARI

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