Wedbush Securities Inc. maintained its stake in Apollo Commercial Real Estate Finance (NYSE:ARI) during the second quarter, Holdings Channel reports. The institutional investor owned 18,580 shares of the real estate investment trust’s stock at the end of the second quarter. Wedbush Securities Inc.’s holdings in Apollo Commercial Real Estate Finance were worth $345,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Teachers Advisors LLC increased its stake in Apollo Commercial Real Estate Finance by 4.9% in the fourth quarter. Teachers Advisors LLC now owns 172,061 shares of the real estate investment trust’s stock worth $2,860,000 after buying an additional 8,095 shares during the last quarter. Nisa Investment Advisors LLC acquired a new stake in Apollo Commercial Real Estate Finance during the first quarter worth approximately $632,000. Sigma Planning Corp increased its stake in Apollo Commercial Real Estate Finance by 3.1% in the first quarter. Sigma Planning Corp now owns 26,476 shares of the real estate investment trust’s stock worth $498,000 after buying an additional 797 shares during the last quarter. ProShare Advisors LLC increased its stake in Apollo Commercial Real Estate Finance by 741.4% in the first quarter. ProShare Advisors LLC now owns 97,497 shares of the real estate investment trust’s stock worth $177,000 after buying an additional 85,910 shares during the last quarter. Finally, Strs Ohio increased its stake in Apollo Commercial Real Estate Finance by 8.1% in the first quarter. Strs Ohio now owns 24,000 shares of the real estate investment trust’s stock worth $451,000 after buying an additional 1,800 shares during the last quarter. Institutional investors own 50.32% of the company’s stock.

Shares of Apollo Commercial Real Estate Finance (NYSE:ARI) opened at 17.91 on Friday. The firm has a market cap of $1.89 billion, a P/E ratio of 8.87 and a beta of 0.65. Apollo Commercial Real Estate Finance has a one year low of $15.54 and a one year high of $19.92. The stock’s 50 day moving average is $18.18 and its 200-day moving average is $18.37.

Apollo Commercial Real Estate Finance (NYSE:ARI) last announced its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by $0.01. The business had revenue of $62.22 million during the quarter, compared to analysts’ expectations of $63.75 million. Apollo Commercial Real Estate Finance had a net margin of 93.54% and a return on equity of 9.59%. The firm’s revenue for the quarter was up 32.6% on a year-over-year basis. During the same period last year, the company earned $0.49 EPS. Analysts anticipate that Apollo Commercial Real Estate Finance will post $1.84 EPS for the current fiscal year.

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ARI has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Tuesday, April 25th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $18.00 price objective on shares of Apollo Commercial Real Estate Finance in a report on Wednesday, May 3rd. BidaskClub upgraded shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $19.00 price objective on shares of Apollo Commercial Real Estate Finance in a report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. Apollo Commercial Real Estate Finance currently has a consensus rating of “Hold” and a consensus price target of $18.75.

In related news, CEO Stuart Rothstein sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $18.69, for a total transaction of $467,250.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.62% of the company’s stock.

About Apollo Commercial Real Estate Finance

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.

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

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