IndexIQ Advisors LLC increased its position in Apollo Commercial Real Estate Finance (NYSE:ARI) by 28.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 126,821 shares of the real estate investment trust’s stock after buying an additional 28,334 shares during the period. IndexIQ Advisors LLC owned approximately 0.12% of Apollo Commercial Real Estate Finance worth $2,353,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of ARI. Bank of New York Mellon Corp raised its stake in shares of Apollo Commercial Real Estate Finance by 142.0% in the second quarter. Bank of New York Mellon Corp now owns 1,255,972 shares of the real estate investment trust’s stock worth $23,297,000 after buying an additional 736,981 shares in the last quarter. First Trust Advisors LP bought a new stake in shares of Apollo Commercial Real Estate Finance during the first quarter worth $10,496,000. Asset Management One Co. Ltd. bought a new stake in shares of Apollo Commercial Real Estate Finance during the first quarter worth $6,428,000. Stifel Financial Corp raised its stake in shares of Apollo Commercial Real Estate Finance by 877.5% in the first quarter. Stifel Financial Corp now owns 337,146 shares of the real estate investment trust’s stock worth $6,330,000 after buying an additional 302,655 shares in the last quarter. Finally, Dean Investment Associates LLC bought a new stake in shares of Apollo Commercial Real Estate Finance during the first quarter worth $4,648,000. 64.91% of the stock is owned by institutional investors.

Shares of Apollo Commercial Real Estate Finance (NYSE ARI) opened at 17.80 on Wednesday. Apollo Commercial Real Estate Finance has a 1-year low of $15.54 and a 1-year high of $19.92. The company’s 50-day moving average is $18.06 and its 200 day moving average is $18.39. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 8.81 and a beta of 0.65.

Apollo Commercial Real Estate Finance (NYSE:ARI) last announced its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by $0.01. The company had revenue of $62.22 million during the quarter, compared to the consensus estimate 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 business’s revenue was up 32.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.49 earnings per share. On average, analysts expect 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 research analyst reports. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $19.00 price target on shares of Apollo Commercial Real Estate Finance in a research note on Thursday, July 20th. Zacks Investment Research lowered shares of Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a research note on Thursday, May 4th. BidaskClub raised shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “buy” rating in a research note on Wednesday, June 21st. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $18.00 price target on shares of Apollo Commercial Real Estate Finance in a research note on Wednesday, May 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. Apollo Commercial Real Estate Finance currently has an average rating of “Hold” and a consensus price target of $18.75.

In other Apollo Commercial Real Estate Finance news, CEO Stuart Rothstein sold 25,000 shares of the stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $18.69, for a total transaction of $467,250.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.62% of the stock is currently owned by corporate insiders.

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.

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

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