LSV Asset Management Has $32.90 Million Holdings in Apollo Commercial Real Est. Finance Inc (NYSE:ARI)

LSV Asset Management decreased its position in shares of Apollo Commercial Real Est. Finance Inc (NYSE:ARI) by 0.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,807,704 shares of the real estate investment trust’s stock after selling 900 shares during the period. LSV Asset Management owned 1.33% of Apollo Commercial Real Est. Finance worth $32,900,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ARI. Bessemer Group Inc. raised its holdings in Apollo Commercial Real Est. Finance by 100.0% in the fourth quarter. Bessemer Group Inc. now owns 2,945,003 shares of the real estate investment trust’s stock worth $49,064,000 after purchasing an additional 1,472,373 shares in the last quarter. APG Asset Management N.V. grew its stake in shares of Apollo Commercial Real Est. Finance by 147.7% during the fourth quarter. APG Asset Management N.V. now owns 2,063,500 shares of the real estate investment trust’s stock worth $30,073,000 after acquiring an additional 1,230,600 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Apollo Commercial Real Est. Finance by 0.7% during the fourth quarter. Bank of New York Mellon Corp now owns 1,581,523 shares of the real estate investment trust’s stock worth $26,347,000 after acquiring an additional 11,545 shares during the last quarter. Norges Bank purchased a new stake in shares of Apollo Commercial Real Est. Finance during the fourth quarter worth about $25,798,000. Finally, Northern Trust Corp grew its stake in shares of Apollo Commercial Real Est. Finance by 0.5% during the fourth quarter. Northern Trust Corp now owns 1,513,433 shares of the real estate investment trust’s stock worth $25,214,000 after acquiring an additional 8,062 shares during the last quarter. Institutional investors own 59.39% of the company’s stock.

In related news, CEO Stuart Rothstein sold 24,707 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $18.52, for a total value of $457,573.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.65% of the stock is currently owned by corporate insiders.

Apollo Commercial Real Est. Finance stock traded up $0.05 during mid-day trading on Friday, hitting $18.79. The company had a trading volume of 733,300 shares, compared to its average volume of 1,187,792. The company has a current ratio of 44.92, a quick ratio of 44.92 and a debt-to-equity ratio of 0.22. Apollo Commercial Real Est. Finance Inc has a 12-month low of $16.41 and a 12-month high of $19.57. The firm has a market cap of $2.88 billion, a PE ratio of 11.25 and a beta of 0.63.

Apollo Commercial Real Est. Finance (NYSE:ARI) last announced its earnings results on Wednesday, April 24th. The real estate investment trust reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.04. The business had revenue of $82.83 million during the quarter, compared to the consensus estimate of $79.70 million. Apollo Commercial Real Est. Finance had a return on equity of 10.47% and a net margin of 77.15%. The business’s quarterly revenue was up 31.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 EPS. On average, equities research analysts forecast that Apollo Commercial Real Est. Finance Inc will post 1.78 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 9.79%. The ex-dividend date is Thursday, June 27th. Apollo Commercial Real Est. Finance’s dividend payout ratio is currently 110.18%.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded Apollo Commercial Real Est. Finance from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Thursday, May 2nd. Deutsche Bank lowered Apollo Commercial Real Est. Finance from a “buy” rating to a “hold” rating in a research report on Thursday, February 14th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Apollo Commercial Real Est. Finance presently has an average rating of “Hold” and an average target price of $19.33.

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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.

See Also: Price to Earnings Ratio (PE)

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

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