865,000 Shares in Apollo Commercial Real Estate Finance $ARI Acquired by Greenland Capital Management LP

Greenland Capital Management LP purchased a new stake in Apollo Commercial Real Estate Finance (NYSE:ARI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 865,000 shares of the real estate investment trust’s stock, valued at approximately $9,238,000. Apollo Commercial Real Estate Finance accounts for 1.1% of Greenland Capital Management LP’s portfolio, making the stock its 16th largest position. Greenland Capital Management LP owned 0.66% of Apollo Commercial Real Estate Finance as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Renaissance Technologies LLC acquired a new position in shares of Apollo Commercial Real Estate Finance in the first quarter valued at $3,459,000. Carmel Capital Partners LLC raised its position in shares of Apollo Commercial Real Estate Finance by 40.0% in the fourth quarter. Carmel Capital Partners LLC now owns 314,501 shares of the real estate investment trust’s stock valued at $3,044,000 after purchasing an additional 89,887 shares during the period. Readystate Asset Management LP acquired a new stake in shares of Apollo Commercial Real Estate Finance during the 1st quarter worth about $4,760,000. NewGen Asset Management Ltd acquired a new stake in shares of Apollo Commercial Real Estate Finance during the 1st quarter worth about $3,228,000. Finally, Family Manage LLC bought a new stake in shares of Apollo Commercial Real Estate Finance during the 1st quarter worth about $1,682,000. Institutional investors own 54.43% of the company’s stock.

Apollo Commercial Real Estate Finance Stock Performance

Shares of Apollo Commercial Real Estate Finance stock opened at $6.92 on Friday. The firm has a 50-day moving average of $8.54 and a 200-day moving average of $9.98. The stock has a market cap of $887.21 million, a PE ratio of 8.65 and a beta of 1.36. Apollo Commercial Real Estate Finance has a 52-week low of $6.43 and a 52-week high of $11.24.

Apollo Commercial Real Estate Finance (NYSE:ARI) last released its quarterly earnings results on Monday, August 10th. The real estate investment trust reported ($2.62) EPS for the quarter. Apollo Commercial Real Estate Finance had a return on equity of 7.39% and a net margin of 55.49%.The business had revenue of $44.38 million for the quarter. Equities research analysts predict that Apollo Commercial Real Estate Finance will post -0.18 earnings per share for the current fiscal year.

Apollo Commercial Real Estate Finance Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $3.75 per share. This represents a $15.00 dividend on an annualized basis and a dividend yield of 216.8%. This is a positive change from Apollo Commercial Real Estate Finance’s previous quarterly dividend of $0.25. Apollo Commercial Real Estate Finance’s dividend payout ratio is presently 125.00%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Bank of America initiated coverage on shares of Apollo Commercial Real Estate Finance in a research note on Tuesday, May 5th. They issued a “neutral” rating and a $11.50 price target on the stock. Weiss Ratings upgraded shares of Apollo Commercial Real Estate Finance from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, August 14th. Zacks Research cut Apollo Commercial Real Estate Finance from a “hold” rating to a “strong sell” rating in a report on Monday, August 3rd. BTIG Research downgraded Apollo Commercial Real Estate Finance from a “buy” rating to a “neutral” rating in a research report on Thursday, June 25th. Finally, Wall Street Zen raised Apollo Commercial Real Estate Finance from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $11.33.

Apollo Commercial Real Estate Finance Profile

Apollo Commercial Real Estate Finance, Inc (NYSE: ARI) is a real estate finance company structured as a real estate investment trust (REIT). The company focuses on originating, acquiring and managing a diversified portfolio of commercial real estate debt and preferred equity investments. As an externally managed vehicle, ARI leverages the expertise and resources of an affiliate of Apollo Global Management, a leading global alternative investment manager.

ARI’s investment strategy is centered on providing first mortgage loans, mezzanine debt financing, bridge loans and preferred equity across a broad range of property types, including office, retail, industrial and multifamily assets.