Neuberger Berman Group LLC lifted its position in Apollo Commercial Real Estate Finance (NYSE:ARI) by 5.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 278,755 shares of the real estate investment trust’s stock after purchasing an additional 14,007 shares during the quarter. Neuberger Berman Group LLC owned 0.26% of Apollo Commercial Real Estate Finance worth $5,171,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of ARI. Teachers Advisors LLC grew its holdings in shares of Apollo Commercial Real Estate Finance by 4.9% in the 4th quarter. Teachers Advisors LLC now owns 172,061 shares of the real estate investment trust’s stock worth $2,860,000 after purchasing an additional 8,095 shares during the last quarter. Nisa Investment Advisors LLC bought a new stake in shares of Apollo Commercial Real Estate Finance in the 1st quarter worth about $632,000. ProShare Advisors LLC grew its holdings in shares of Apollo Commercial Real Estate Finance by 741.4% in the 1st quarter. ProShare Advisors LLC now owns 97,497 shares of the real estate investment trust’s stock worth $177,000 after purchasing an additional 85,910 shares during the last quarter. Strs Ohio grew its holdings in shares of Apollo Commercial Real Estate Finance by 8.1% in the 1st quarter. Strs Ohio now owns 24,000 shares of the real estate investment trust’s stock worth $451,000 after purchasing an additional 1,800 shares during the last quarter. Finally, Eqis Capital Management Inc. bought a new stake in shares of Apollo Commercial Real Estate Finance in the 1st quarter worth about $228,000. 64.91% of the stock is currently owned by institutional investors and hedge funds.

ARI has been the topic of several analyst reports. Royal Bank Of Canada reaffirmed 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 shares of 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 set a $18.00 price objective on shares of Apollo Commercial Real Estate Finance in a report on Friday, June 9th. Finally, Zacks Investment Research lowered shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. Apollo Commercial Real Estate Finance currently has an average rating of “Hold” and an average price target of $19.33.

In other Apollo Commercial Real Estate Finance news, CEO Stuart Rothstein sold 25,000 shares of Apollo Commercial Real Estate Finance stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $18.69, for a total value of $467,250.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.62% of the company’s stock.

Shares of Apollo Commercial Real Estate Finance (NYSE ARI) opened at 17.92 on Wednesday. Apollo Commercial Real Estate Finance has a one year low of $15.54 and a one year high of $19.92. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 8.87 and a beta of 0.64. The firm’s 50-day moving average is $17.97 and its 200-day moving average is $18.41.

Apollo Commercial Real Estate Finance (NYSE:ARI) last released its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 business had revenue of $62.22 million during the quarter, compared to the consensus estimate of $63.75 million. During the same quarter in the prior year, the firm earned $0.49 EPS. The business’s revenue was up 32.6% on a year-over-year basis. Analysts expect that Apollo Commercial Real Estate Finance will post $1.84 EPS for the current fiscal year.

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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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