Great West Life Assurance Co. Can Trims Stake in Apollo Commercial Real Est. Finance Inc (NYSE:ARI)

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Great West Life Assurance Co. Can decreased its position in shares of Apollo Commercial Real Est. Finance Inc (NYSE:ARI) by 5.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 134,443 shares of the real estate investment trust’s stock after selling 7,600 shares during the period. Great West Life Assurance Co. Can owned about 0.10% of Apollo Commercial Real Est. Finance worth $2,536,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ARI. Private Advisor Group LLC bought a new stake in shares of Apollo Commercial Real Est. Finance in the 3rd quarter worth approximately $198,000. MML Investors Services LLC acquired a new position in Apollo Commercial Real Est. Finance during the 3rd quarter valued at $201,000. Centaurus Financial Inc. acquired a new position in Apollo Commercial Real Est. Finance during the 2nd quarter valued at $256,000. IFP Advisors Inc raised its stake in shares of Apollo Commercial Real Est. Finance by 35.3% in the 3rd quarter. IFP Advisors Inc now owns 14,974 shares of the real estate investment trust’s stock valued at $283,000 after buying an additional 3,906 shares in the last quarter. Finally, Meadow Creek Investment Management LLC raised its stake in shares of Apollo Commercial Real Est. Finance by 20.0% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 16,928 shares of the real estate investment trust’s stock valued at $309,000 after buying an additional 2,816 shares in the last quarter. 66.95% of the stock is owned by institutional investors.

ARI stock traded up $0.15 during midday trading on Wednesday, reaching $17.50. The company had a trading volume of 1,583,800 shares, compared to its average volume of 1,380,383. The company has a market cap of $2.27 billion, a PE ratio of 11.36 and a beta of 0.54. Apollo Commercial Real Est. Finance Inc has a 1-year low of $16.41 and a 1-year high of $19.57. The company has a quick ratio of 48.07, a current ratio of 48.07 and a debt-to-equity ratio of 0.15.

Apollo Commercial Real Est. Finance (NYSE:ARI) last posted its quarterly earnings results on Wednesday, October 24th. The real estate investment trust reported $0.47 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.47. Apollo Commercial Real Est. Finance had a return on equity of 9.13% and a net margin of 74.22%. The business had revenue of $77.48 million during the quarter, compared to the consensus estimate of $77.97 million. During the same quarter in the previous year, the firm earned $0.51 earnings per share. Apollo Commercial Real Est. Finance’s revenue for the quarter was up 8.8% compared to the same quarter last year. On average, analysts anticipate that Apollo Commercial Real Est. Finance Inc will post 1.66 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 10.51%. The ex-dividend date is Friday, December 28th. Apollo Commercial Real Est. Finance’s dividend payout ratio (DPR) is presently 119.48%.

A number of research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Apollo Commercial Real Est. Finance from a “sell” rating to a “hold” rating in a research report on Thursday, December 27th. BTIG Research started coverage on shares of Apollo Commercial Real Est. Finance in a research report on Monday, October 8th. They set a “neutral” rating for the company. Finally, Barclays lifted their target price on Apollo Commercial Real Est. Finance from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Friday, November 30th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. Apollo Commercial Real Est. Finance currently has an average rating of “Hold” and an average target price of $20.00.

In other Apollo Commercial Real Est. Finance news, Director Jeffrey M. Gault sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $18.52, for a total value of $185,200.00. Following the transaction, the director now directly owns 37,156 shares of the company’s stock, valued at $688,129.12. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.65% of the stock is currently owned by insiders.

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Apollo Commercial Real Est. Finance Company Profile

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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