Today: Today, Apollo Commercial Real Estate Finance (ARI) Position Increased by Global X Management Co. LLC

Today, Apollo Commercial Real Estate Finance (ARI) Position Increased by Global X Management Co. LLC

Global X Management Co. LLC increased its position in shares of Apollo Commercial Real Estate Finance (NYSE:ARI) by 11.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 896,527 shares of the real estate investment trust’s stock after buying an additional 94,482 shares during the period. Global X Management Co. LLC owned 1.33% of Apollo Commercial Real Estate Finance worth $14,676,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Taylor Frigon Capital Management LLC increased its position in Apollo Commercial Real Estate Finance by 44.1% in the second quarter. Taylor Frigon Capital Management LLC now owns 52,664 shares of the real estate investment trust’s stock worth $846,000 after buying an additional 16,109 shares during the period. Forum Securities Ltd increased its position in Apollo Commercial Real Estate Finance by 3.7% in the second quarter. Forum Securities Ltd now owns 117,826 shares of the real estate investment trust’s stock worth $1,893,000 after buying an additional 4,200 shares during the period. California Public Employees Retirement System increased its position in Apollo Commercial Real Estate Finance by 8.2% in the second quarter. California Public Employees Retirement System now owns 168,200 shares of the real estate investment trust’s stock worth $2,703,000 after buying an additional 12,800 shares during the period. Emerald Acquisition Ltd. bought a new position in Apollo Commercial Real Estate Finance during the second quarter worth approximately $2,716,000. Finally, Rothschild Asset Management Inc. increased its position in Apollo Commercial Real Estate Finance by 3.4% in the second quarter. Rothschild Asset Management Inc. now owns 443,998 shares of the real estate investment trust’s stock worth $7,135,000 after buying an additional 14,775 shares during the period. 55.45% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Apollo Commercial Real Estate Finance (NYSE:ARI) opened at 17.11 on Friday. The stock has a 50 day moving average of $16.58 and a 200 day moving average of $16.39. The firm has a market cap of $1.38 billion, a PE ratio of 12.03 and a beta of 0.70. Apollo Commercial Real Estate Finance has a 1-year low of $13.80 and a 1-year high of $18.25.

Apollo Commercial Real Estate Finance (NYSE:ARI) last posted its quarterly earnings results on Wednesday, October 26th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by $0.01. The company earned $53.32 million during the quarter, compared to analyst estimates of $7.60 million. Apollo Commercial Real Estate Finance had a net margin of 66.26% and a return on equity of 10.53%. The company’s revenue was up 37.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.53 earnings per share. Equities research analysts anticipate that Apollo Commercial Real Estate Finance will post $2.32 earnings per share for the current fiscal year.

A number of research firms recently commented on ARI. Barclays PLC reaffirmed an “equal weight” rating and issued a $17.00 target price on shares of Apollo Commercial Real Estate Finance in a research report on Thursday, September 8th. TheStreet raised shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “buy” rating in a research report on Wednesday, October 26th. Zacks Investment Research raised shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research report on Friday, September 9th. Keefe, Bruyette & Woods raised their price objective on shares of Apollo Commercial Real Estate Finance from $16.00 to $16.50 and gave the stock a “market perform” rating in a research report on Thursday, July 28th. Finally, Wells Fargo & Co. raised shares of Apollo Commercial Real Estate Finance from an “underperform” rating to a “market perform” rating in a research report on Thursday, October 13th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Apollo Commercial Real Estate Finance currently has a consensus rating of “Hold” and an average target price of $17.50.

Apollo Commercial Real Estate Finance Company Profile

Apollo Commercial Real Estate Finance, Inc (ARI) is a real estate investment trust (REIT). 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.

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