California Public Employees Retirement System Decreases Position in Apollo Commercial Real Est. Finance Inc (NYSE:ARI)

California Public Employees Retirement System reduced its stake in shares of Apollo Commercial Real Est. Finance Inc (NYSE:ARI) by 5.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 149,016 shares of the real estate investment trust’s stock after selling 9,300 shares during the quarter. California Public Employees Retirement System owned 0.11% of Apollo Commercial Real Est. Finance worth $2,483,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its stake in Apollo Commercial Real Est. Finance by 3.6% during the third quarter. Vanguard Group Inc. now owns 13,191,874 shares of the real estate investment trust’s stock worth $248,931,000 after purchasing an additional 461,576 shares during the period. Vanguard Group Inc raised its stake in Apollo Commercial Real Est. Finance by 3.6% during the third quarter. Vanguard Group Inc now owns 13,191,874 shares of the real estate investment trust’s stock worth $248,931,000 after purchasing an additional 461,576 shares during the period. Bank of New York Mellon Corp raised its stake in Apollo Commercial Real Est. Finance by 2.7% during 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 purchasing an additional 41,746 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in Apollo Commercial Real Est. Finance during the third quarter worth approximately $22,985,000. Finally, Oregon Public Employees Retirement Fund purchased a new position in Apollo Commercial Real Est. Finance during the fourth quarter worth approximately $43,000. Institutional investors own 69.02% of the company’s stock.

ARI stock traded down $0.08 during mid-day trading on Monday, hitting $18.52. 550,778 shares of the company were exchanged, compared to its average volume of 956,937. The firm has a market cap of $2.50 billion, a P/E ratio of 11.09 and a beta of 0.64. The company has a debt-to-equity ratio of 0.24, a current ratio of 38.08 and a quick ratio of 38.08. Apollo Commercial Real Est. Finance Inc has a twelve month low of $16.41 and a twelve month high of $19.57.

Apollo Commercial Real Est. Finance (NYSE:ARI) last announced its quarterly earnings data on Wednesday, February 13th. The real estate investment trust reported $0.46 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.46. Apollo Commercial Real Est. Finance had a net margin of 76.04% and a return on equity of 9.78%. The company had revenue of $77.81 million during the quarter, compared to analyst estimates of $80.88 million. During the same period last year, the business earned $0.12 EPS. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. On average, sell-side analysts expect that Apollo Commercial Real Est. Finance Inc will post 1.78 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be given a $0.46 dividend. The ex-dividend date is Thursday, March 28th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 9.94%. Apollo Commercial Real Est. Finance’s payout ratio is currently 110.18%.

In other news, CEO Stuart Rothstein sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, January 15th. The shares were sold at an average price of $17.48, for a total value of $699,200.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.65% of the company’s stock.

A number of equities analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Apollo Commercial Real Est. Finance from a “hold” rating to a “sell” rating in a research note on Monday, March 18th. Deutsche Bank lowered shares of Apollo Commercial Real Est. Finance from a “buy” rating to a “hold” rating in a research report on Thursday, February 14th. Finally, JPMorgan Chase & Co. raised shares of Apollo Commercial Real Est. Finance from a “neutral” rating to an “overweight” rating and dropped their price objective for the stock from $18.50 to $18.00 in a research report on Wednesday, January 16th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $19.33.

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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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