Teacher Retirement System of Texas raised its holdings in Apollo Commercial Real Estate Finance (NYSE:ARI) by 29.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 176,998 shares of the real estate investment trust’s stock after purchasing an additional 39,965 shares during the quarter. Teacher Retirement System of Texas owned 0.17% of Apollo Commercial Real Estate Finance worth $3,205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in ARI. Vanguard Group Inc. grew its stake in Apollo Commercial Real Estate Finance by 100.9% in the 2nd quarter. Vanguard Group Inc. now owns 7,216,049 shares of the real estate investment trust’s stock valued at $133,857,000 after purchasing an additional 3,624,657 shares during the period. Principal Financial Group Inc. grew its stake in Apollo Commercial Real Estate Finance by 5,070.4% in the 2nd quarter. Principal Financial Group Inc. now owns 835,802 shares of the real estate investment trust’s stock valued at $15,504,000 after purchasing an additional 819,637 shares during the period. Bank of New York Mellon Corp grew its stake in Apollo Commercial Real Estate Finance by 142.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,255,972 shares of the real estate investment trust’s stock valued at $23,297,000 after purchasing an additional 736,981 shares during the period. APG Asset Management N.V. bought a new position in Apollo Commercial Real Estate Finance in the 3rd quarter valued at $12,322,000. Finally, State Street Corp grew its stake in Apollo Commercial Real Estate Finance by 36.4% in the 2nd quarter. State Street Corp now owns 2,410,961 shares of the real estate investment trust’s stock valued at $44,728,000 after purchasing an additional 643,910 shares during the period. Hedge funds and other institutional investors own 64.50% of the company’s stock.

TRADEMARK VIOLATION WARNING: This story was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this story on another website, it was illegally copied and reposted in violation of US and international copyright and trademark laws. The original version of this story can be read at https://www.thecerbatgem.com/2017/11/21/apollo-commercial-real-estate-finance-ari-holdings-lifted-by-teacher-retirement-system-of-texas.html.

Separately, Zacks Investment Research upgraded 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 research note on Wednesday, October 25th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $19.33.

Apollo Commercial Real Estate Finance (NYSE ARI) opened at $18.49 on Tuesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 291.34 and a current ratio of 291.34. The firm has a market capitalization of $1,980.00, a price-to-earnings ratio of 9.79 and a beta of 0.63. Apollo Commercial Real Estate Finance has a 12 month low of $16.46 and a 12 month high of $19.92.

Apollo Commercial Real Estate Finance (NYSE:ARI) last posted its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.05. The company had revenue of $71.24 million during the quarter, compared to the consensus estimate of $66.40 million. Apollo Commercial Real Estate Finance had a return on equity of 10.32% and a net margin of 86.07%. The firm’s quarterly revenue was up 33.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.45 EPS. research analysts forecast that Apollo Commercial Real Estate Finance will post 1.61 earnings per share for the current fiscal year.

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.

Want to see what other hedge funds are holding ARI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apollo Commercial Real Estate Finance (NYSE:ARI).

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

Receive News & Stock Ratings for Apollo Commercial Real Estate Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apollo Commercial Real Estate Finance and related stocks with our FREE daily email newsletter.