SG Americas Securities LLC Acquires 42,538 Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)


SG Americas Securities LLC raised its stake in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI – Get Rating) by 557.8% in the first quarter, Holdings Channel reports. The fund owned 50,164 shares of the real estate investment trust’s stock after purchasing an additional 42,538 shares during the quarter. SG Americas Securities LLC’s holdings in Apollo Commercial Real Estate Finance were worth $699,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Quadrant Capital Group LLC boosted its position in Apollo Commercial Real Estate Finance by 305.4% in the fourth quarter. Quadrant Capital Group LLC now owns 2,161 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 1,628 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of Apollo Commercial Real Estate Finance by 83.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,200 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 1,000 shares in the last quarter. FSB Premier Wealth Management Inc. bought a new stake in Apollo Commercial Real Estate Finance during the 4th quarter worth $33,000. Covestor Ltd acquired a new position in Apollo Commercial Real Estate Finance in the 4th quarter worth about $41,000. Finally, Selective Wealth Management Inc. bought a new position in Apollo Commercial Real Estate Finance in the first quarter valued at about $60,000. 57.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ARI shares. JPMorgan Chase & Co. upped their price objective on Apollo Commercial Real Estate Finance from $13.00 to $13.50 and gave the company a “neutral” rating in a research note on Monday, April 25th. Credit Suisse Group decreased their price target on shares of Apollo Commercial Real Estate Finance to $13.00 in a research report on Friday, July 22nd.

Apollo Commercial Real Estate Finance Stock Down 4.4 %

Shares of NYSE:ARI opened at $12.12 on Wednesday. The business has a fifty day simple moving average of $11.30 and a 200 day simple moving average of $12.56. Apollo Commercial Real Estate Finance, Inc. has a 12-month low of $9.41 and a 12-month high of $15.98. The firm has a market cap of $1.70 billion, a P/E ratio of 10.73 and a beta of 1.34. The company has a quick ratio of 38.25, a current ratio of 38.24 and a debt-to-equity ratio of 3.09.

Apollo Commercial Real Estate Finance (NYSE:ARI – Get Rating) last issued its quarterly earnings data on Tuesday, July 26th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.09. Apollo Commercial Real Estate Finance had a return on equity of 8.22% and a net margin of 71.47%. During the same quarter in the prior year, the business earned $0.38 earnings per share. Analysts predict that Apollo Commercial Real Estate Finance, Inc. will post 1.25 earnings per share for the current year.

Apollo Commercial Real Estate Finance Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 11.55%. The ex-dividend date was Wednesday, June 29th. Apollo Commercial Real Estate Finance’s dividend payout ratio is presently 123.89%.

Insider Activity at Apollo Commercial Real Estate Finance

In other Apollo Commercial Real Estate Finance news, Director Mark C. Biderman sold 10,000 shares of the stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of $12.68, for a total transaction of $126,800.00. Following the completion of the sale, the director now directly owns 65,663 shares in the company, valued at approximately $832,606.84. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.73% of the stock is owned by company insiders.

About Apollo Commercial Real Estate Finance

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

See also

Want to see what other hedge funds are holding ARI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI – Get Rating).

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



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