Paragon Capital Management Ltd trimmed its position in Apollo Commercial Real Est. Finance Inc (NYSE:ARI) by 4.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 13,830 shares of the real estate investment trust’s stock after selling 703 shares during the period. Paragon Capital Management Ltd’s holdings in Apollo Commercial Real Est. Finance were worth $253,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. State Street Corp lifted its stake in shares of Apollo Commercial Real Est. Finance by 4.7% in the 4th quarter. State Street Corp now owns 5,003,077 shares of the real estate investment trust’s stock valued at $93,824,000 after acquiring an additional 222,719 shares during the last quarter. First Trust Advisors LP increased its holdings in Apollo Commercial Real Est. Finance by 12.7% in the third quarter. First Trust Advisors LP now owns 551,471 shares of the real estate investment trust’s stock valued at $10,572,000 after purchasing an additional 61,970 shares during the period. Rhumbline Advisers increased its holdings in Apollo Commercial Real Est. Finance by 8.2% in the fourth quarter. Rhumbline Advisers now owns 524,517 shares of the real estate investment trust’s stock valued at $9,593,000 after purchasing an additional 39,799 shares during the period. Parametric Portfolio Associates LLC increased its holdings in Apollo Commercial Real Est. Finance by 13.5% in the third quarter. Parametric Portfolio Associates LLC now owns 516,988 shares of the real estate investment trust’s stock valued at $9,911,000 after purchasing an additional 61,463 shares during the period. Finally, Great Lakes Advisors LLC increased its holdings in Apollo Commercial Real Est. Finance by 3.6% in the third quarter. Great Lakes Advisors LLC now owns 392,452 shares of the real estate investment trust’s stock valued at $7,524,000 after purchasing an additional 13,612 shares during the period. Institutional investors own 65.93% of the company’s stock.

NYSE ARI traded down $0.27 on Friday, reaching $18.40. The company had a trading volume of 3,963,865 shares, compared to its average volume of 1,047,105. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 14.15 and a beta of 0.60. Apollo Commercial Real Est. Finance Inc has a fifty-two week low of $17.81 and a fifty-two week high of $19.76. The business has a 50 day moving average of $18.39 and a two-hundred day moving average of $18.60. The company has a debt-to-equity ratio of 1.37, a current ratio of 50.29 and a quick ratio of 50.29.

Apollo Commercial Real Est. Finance (NYSE:ARI) last posted its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.05. The business had revenue of $81.45 million during the quarter, compared to the consensus estimate of $85.47 million. Apollo Commercial Real Est. Finance had a return on equity of 10.43% and a net margin of 63.86%. During the same period in the prior year, the business posted $0.46 earnings per share. As a group, research analysts predict that Apollo Commercial Real Est. Finance Inc will post 1.68 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, December 30th. This represents a $1.84 dividend on an annualized basis and a yield of 10.00%. Apollo Commercial Real Est. Finance’s payout ratio is currently 110.18%.

In other Apollo Commercial Real Est. Finance news, CEO Stuart Rothstein sold 50,000 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $18.33, for a total transaction of $916,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.39% of the company’s stock.

ARI has been the subject of a number of recent research reports. JPMorgan Chase & Co. downgraded Apollo Commercial Real Est. Finance from an “overweight” rating to a “neutral” rating and set a $18.50 price objective for the company. in a report on Tuesday, October 22nd. TheStreet downgraded Apollo Commercial Real Est. Finance from a “b” rating to a “c+” rating in a report on Wednesday, October 23rd. Compass Point initiated coverage on Apollo Commercial Real Est. Finance in a report on Monday, December 2nd. They issued a “neutral” rating and a $18.80 price objective for the company. Zacks Investment Research upgraded Apollo Commercial Real Est. Finance from a “sell” rating to a “hold” rating in a report on Friday. Finally, Credit Suisse Group initiated coverage on Apollo Commercial Real Est. Finance in a report on Wednesday, January 8th. They issued a “neutral” rating and a $18.00 price objective for the company. Five analysts have rated the stock with a hold rating, Apollo Commercial Real Est. Finance presently has an average rating of “Hold” and a consensus target price of $19.08.

About Apollo Commercial Real Est. Finance

Apollo Commercial Real Estate Finance, Inc operates as a real estate investment trust (REIT) that primarily originates, acquires, invests in, and manages commercial first mortgage loans, subordinate financings, and other commercial real estate-related debt investments in the United States. The company is qualified as a REIT under the Internal Revenue Code.

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

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