27,150 Shares in Apollo Commercial Real Est. Finance Inc (NYSE:ARI) Acquired by Resources Management Corp CT ADV

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Resources Management Corp CT ADV purchased a new position in Apollo Commercial Real Est. Finance Inc (NYSE:ARI) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 27,150 shares of the real estate investment trust’s stock, valued at approximately $512,000.

A number of other large investors have also recently bought and sold shares of the stock. LSV Asset Management lifted its position in Apollo Commercial Real Est. Finance by 3.5% during the second quarter. LSV Asset Management now owns 1,896,615 shares of the real estate investment trust’s stock valued at $34,670,000 after acquiring an additional 64,771 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Apollo Commercial Real Est. Finance by 2.7% in the third quarter. Bank of New York Mellon Corp now owns 1,569,978 shares of the real estate investment trust’s stock worth $29,625,000 after buying an additional 41,746 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of Apollo Commercial Real Est. Finance by 469.0% in the third quarter. Bessemer Group Inc. now owns 1,472,630 shares of the real estate investment trust’s stock worth $27,789,000 after buying an additional 1,213,825 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Apollo Commercial Real Est. Finance by 11.3% in the second quarter. Northern Trust Corp now owns 1,435,612 shares of the real estate investment trust’s stock worth $26,243,000 after buying an additional 145,726 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Apollo Commercial Real Est. Finance in the third quarter worth $22,985,000. 66.95% of the stock is owned by institutional investors.

ARI stock traded up $0.09 during midday trading on Friday, hitting $17.43. 993,178 shares of the stock traded hands, compared to its average volume of 1,276,060. Apollo Commercial Real Est. Finance Inc has a 1-year low of $16.41 and a 1-year high of $19.57. The firm has a market cap of $2.34 billion, a PE ratio of 11.32 and a beta of 0.54. The company has a debt-to-equity ratio of 0.15, a quick ratio of 48.07 and a current ratio of 48.07.

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

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st will be given a $0.46 dividend. The ex-dividend date is Friday, December 28th. This represents a $1.84 annualized dividend and a dividend yield of 10.56%. Apollo Commercial Real Est. Finance’s dividend payout ratio (DPR) is 119.48%.

ARI has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Apollo Commercial Real Est. Finance from a “buy” rating to a “hold” rating in a report on Tuesday, September 25th. Barclays increased their price objective on shares of Apollo Commercial Real Est. Finance from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Friday, November 30th. Finally, BTIG Research started coverage on shares of Apollo Commercial Real Est. Finance in a research note on Monday, October 8th. They issued a “neutral” rating on the stock. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Apollo Commercial Real Est. Finance has an average rating of “Hold” and a consensus price target of $20.00.

In other news, Director Jeffrey M. Gault sold 10,000 shares of Apollo Commercial Real Est. Finance stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $18.52, for a total value of $185,200.00. Following the sale, the director now owns 37,156 shares in the company, valued at $688,129.12. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.65% of the stock is owned by company insiders.

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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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