Geneva Advisors LLC increased its position in shares of Apollo Commercial Real Estate Finance (NYSE:ARI) by 17.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 94,708 shares of the real estate investment trust’s stock after buying an additional 13,798 shares during the period. Geneva Advisors LLC owned about 0.09% of Apollo Commercial Real Estate Finance worth $1,757,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Teachers Advisors LLC boosted its position in shares of 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. ProShare Advisors LLC raised 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. Strs Ohio raised 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. Finally, IFP Advisors Inc raised its stake in Apollo Commercial Real Estate Finance by 40.0% in the first quarter. IFP Advisors Inc now owns 12,235 shares of the real estate investment trust’s stock worth $230,000 after buying an additional 3,496 shares during the last quarter. Institutional investors and hedge funds own 50.32% of the company’s stock.

Shares of Apollo Commercial Real Estate Finance (NYSE:ARI) opened at 17.84 on Friday. The company has a 50 day moving average price of $18.06 and a 200 day moving average price of $18.39. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 8.83 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.

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 for the quarter, missing analysts’ consensus estimates of $0.47 by $0.01. Apollo Commercial Real Estate Finance had a net margin of 93.54% and a return on equity of 9.59%. The company had revenue of $62.22 million during the quarter, compared to analysts’ expectations of $63.75 million. During the same period last year, the firm earned $0.49 earnings per share. Apollo Commercial Real Estate Finance’s revenue was up 32.6% on a year-over-year basis. Equities analysts predict that Apollo Commercial Real Estate Finance will post $1.84 EPS for the current year.

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ARI has been the subject of a number of research analyst reports. Royal Bank Of Canada reissued a “buy” rating and issued a $19.00 target price on shares of Apollo Commercial Real Estate Finance in a report on Thursday, July 20th. BidaskClub raised Apollo Commercial Real Estate Finance from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $18.00 target price on shares of Apollo Commercial Real Estate Finance in a report on Friday, June 9th. Finally, Zacks Investment Research lowered Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a report on Thursday, May 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $18.75.

In related news, CEO Stuart Rothstein sold 25,000 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $18.69, for a total value of $467,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.62% of the stock is owned by insiders.

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.

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

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