Trade Report: Today, Strs Ohio Reached $379,000 position of Apollo Commercial Real Estate Finance (ARI)

Today, Strs Ohio Reached $379,000 position  of Apollo Commercial Real Estate Finance (ARI)

Strs Ohio boosted its position in shares of Apollo Commercial Real Estate Finance (NYSE:ARI) by 18.2% during the third quarter, Holdings Channel reports. The institutional investor owned 23,159 shares of the real estate investment trust’s stock after buying an additional 3,559 shares during the period. Strs Ohio’s holdings in Apollo Commercial Real Estate Finance were worth $379,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Bank of Montreal Can raised its stake in Apollo Commercial Real Estate Finance by 19.5% in the third quarter. Bank of Montreal Can now owns 6,355 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 1,036 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Apollo Commercial Real Estate Finance by 175.5% in the second quarter. PNC Financial Services Group Inc. now owns 6,494 shares of the real estate investment trust’s stock worth $105,000 after buying an additional 4,137 shares in the last quarter. IFP Advisors Inc raised its stake in Apollo Commercial Real Estate Finance by 30.4% in the second quarter. IFP Advisors Inc now owns 9,105 shares of the real estate investment trust’s stock worth $146,000 after buying an additional 2,123 shares in the last quarter. Creative Planning raised its stake in Apollo Commercial Real Estate Finance by 46.7% in the third quarter. Creative Planning now owns 13,296 shares of the real estate investment trust’s stock worth $218,000 after buying an additional 4,232 shares in the last quarter. Finally, KCG Holdings Inc. purchased a new stake in Apollo Commercial Real Estate Finance during the second quarter worth approximately $270,000. 55.45% of the stock is owned by institutional investors.

Apollo Commercial Real Estate Finance (NYSE:ARI) traded up 0.88% during mid-day trading on Friday, hitting $17.26. 244,389 shares of the stock were exchanged. The stock has a market capitalization of $1.40 billion, a P/E ratio of 12.14 and a beta of 0.70. Apollo Commercial Real Estate Finance has a 12-month low of $13.80 and a 12-month high of $18.25. The firm has a 50-day moving average price of $16.64 and a 200-day moving average price of $16.39.

Apollo Commercial Real Estate Finance (NYSE:ARI) last released 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 Zacks’ consensus estimate of $0.46 by $0.01. Apollo Commercial Real Estate Finance had a net margin of 66.26% and a return on equity of 10.53%. The business earned $53.32 million during the quarter, compared to the consensus estimate of $7.60 million. During the same period in the prior year, the firm earned $0.53 earnings per share. The business’s quarterly revenue was up 37.8% compared to the same quarter last year. Equities analysts predict that Apollo Commercial Real Estate Finance will post $2.32 earnings per share for the current fiscal year.

A number of analysts have commented on the stock. Barclays PLC reaffirmed an “equal weight” rating and set a $17.00 price objective on shares of Apollo Commercial Real Estate Finance in a research note on Thursday, September 8th. TheStreet raised shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “buy” rating in a research note on Wednesday, October 26th. Wells Fargo & Co. raised shares of Apollo Commercial Real Estate Finance from an “underperform” rating to a “market perform” rating in a research note on Thursday, October 13th. Finally, 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 for the company in a research note on Friday, September 9th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently 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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