Pinebridge Investments L.P. lowered its stake in Apollo Commercial Real Est. Finance Inc (NYSE:ARI) by 48.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,906 shares of the real estate investment trust’s stock after selling 11,022 shares during the quarter. Pinebridge Investments L.P.’s holdings in Apollo Commercial Real Est. Finance were worth $216,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Apollo Commercial Real Est. Finance by 100.9% during 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 buying an additional 3,624,657 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Apollo Commercial Real Est. Finance by 5,070.4% during 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 buying an additional 819,637 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Apollo Commercial Real Est. Finance by 142.0% during 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 buying an additional 736,981 shares in the last quarter. APG Asset Management N.V. purchased a new stake in shares of Apollo Commercial Real Est. Finance during the 3rd quarter valued at about $12,322,000. Finally, State Street Corp raised its position in shares of Apollo Commercial Real Est. Finance by 36.4% during 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 buying an additional 643,910 shares in the last quarter. Institutional investors and hedge funds own 67.76% of the company’s stock.

Shares of Apollo Commercial Real Est. Finance Inc (NYSE ARI) opened at $18.69 on Wednesday. The company has a current ratio of 291.34, a quick ratio of 291.34 and a debt-to-equity ratio of 0.83. The stock has a market cap of $1,998.88, a PE ratio of 9.93 and a beta of 0.63. Apollo Commercial Real Est. Finance Inc has a 1 year low of $16.46 and a 1 year high of $19.92.

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

Separately, Zacks Investment Research upgraded shares of Apollo Commercial Real Est. Finance from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Wednesday, October 25th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Apollo Commercial Real Est. Finance currently has an average rating of “Hold” and an average price target of $19.33.

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Apollo Commercial Real Est. Finance 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.

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

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