Orinda Asset Management LLC Raises Position in Apollo Commercial Real Estate Finance (NYSE:ARI)

Orinda Asset Management LLC boosted its stake in Apollo Commercial Real Estate Finance (NYSE:ARI) by 15.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 226,706 shares of the real estate investment trust’s stock after buying an additional 30,809 shares during the period. Apollo Commercial Real Estate Finance makes up approximately 3.3% of Orinda Asset Management LLC’s portfolio, making the stock its 12th largest position. Orinda Asset Management LLC owned approximately 0.25% of Apollo Commercial Real Estate Finance worth $4,205,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Russell Investments Group Ltd. purchased a new position in shares of Apollo Commercial Real Estate Finance during the fourth quarter valued at $1,787,000. Thrivent Financial for Lutherans increased its position in shares of Apollo Commercial Real Estate Finance by 6.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 13,367 shares of the real estate investment trust’s stock valued at $222,000 after buying an additional 867 shares in the last quarter. Teachers Advisors LLC increased its position in shares of Apollo Commercial Real Estate Finance by 4.9% in the fourth quarter. Teachers Advisors LLC now owns 172,061 shares of the real estate investment trust’s stock valued at $2,860,000 after buying an additional 8,095 shares in the last quarter. Foundry Partners LLC boosted its stake in shares of Apollo Commercial Real Estate Finance by 16.9% in the first quarter. Foundry Partners LLC now owns 195,193 shares of the real estate investment trust’s stock valued at $3,672,000 after buying an additional 28,223 shares during the last quarter. Finally, Koshinski Asset Management Inc. boosted its stake in shares of Apollo Commercial Real Estate Finance by 5.4% in the first quarter. Koshinski Asset Management Inc. now owns 70,739 shares of the real estate investment trust’s stock valued at $1,331,000 after buying an additional 3,606 shares during the last quarter. 48.66% of the stock is owned by institutional investors.

Apollo Commercial Real Estate Finance (NYSE ARI) traded down 0.44% during mid-day trading on Friday, reaching $17.98. 1,138,231 shares of the company were exchanged. Apollo Commercial Real Estate Finance has a 1-year low of $15.54 and a 1-year high of $19.92. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 8.90 and a beta of 0.65. The company has a 50 day moving average of $18.28 and a 200-day moving average of $18.35.

Apollo Commercial Real Estate Finance (NYSE:ARI) last released its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by $0.01. Apollo Commercial Real Estate Finance had a return on equity of 9.59% and a net margin of 93.54%. The company had revenue of $62.22 million during the quarter, compared to analyst estimates of $63.75 million. During the same period in the prior year, the business posted $0.49 earnings per share. Apollo Commercial Real Estate Finance’s revenue was up 32.6% on a year-over-year basis. On average, equities research analysts forecast that Apollo Commercial Real Estate Finance will post $1.76 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were given a $0.46 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.84 annualized dividend and a dividend yield of 10.23%. Apollo Commercial Real Estate Finance’s dividend payout ratio is presently 86.79%.

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ARI has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Tuesday, April 25th. Royal Bank Of Canada reiterated a “buy” rating and issued a $19.00 price target on shares of Apollo Commercial Real Estate Finance in a research note on Thursday, July 20th. BidaskClub upgraded shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $18.00 target price on shares of Apollo Commercial Real Estate Finance in a research report on Friday, June 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $18.75.

In related news, CEO Stuart Rothstein sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $18.69, for a total value of $467,250.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.62% of the company’s stock.

Apollo Commercial Real Estate Finance Company Profile

Apollo Commercial Real Estate Finance, Inc is a real estate investment trust. The Company primarily originates, acquires, invests in and manages performing commercial first mortgage loans, subordinate financings, commercial mortgage-backed securities (CMBS) and other commercial real estate-related debt investments.

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

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