SG Americas Securities LLC Buys 30,330 Shares of Apollo Commercial Real Est. Finance Inc (ARI)

SG Americas Securities LLC increased its position in Apollo Commercial Real Est. Finance Inc (NYSE:ARI) by 167.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 48,434 shares of the real estate investment trust’s stock after buying an additional 30,330 shares during the period. SG Americas Securities LLC’s holdings in Apollo Commercial Real Est. Finance were worth $885,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Strs Ohio boosted its holdings in shares of Apollo Commercial Real Est. Finance by 17.6% in the 2nd quarter. Strs Ohio now owns 36,100 shares of the real estate investment trust’s stock valued at $659,000 after buying an additional 5,400 shares in the last quarter. Bank of New York Mellon Corp raised its position in Apollo Commercial Real Est. Finance by 3.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,528,232 shares of the real estate investment trust’s stock worth $27,936,000 after buying an additional 57,512 shares during the last quarter. Rhumbline Advisers raised its position in Apollo Commercial Real Est. Finance by 6.6% during the 2nd quarter. Rhumbline Advisers now owns 299,301 shares of the real estate investment trust’s stock worth $5,471,000 after buying an additional 18,597 shares during the last quarter. Dean Capital Investments Management LLC purchased a new position in Apollo Commercial Real Est. Finance during the 2nd quarter worth $537,000. Finally, Sei Investments Co. raised its position in Apollo Commercial Real Est. Finance by 4.6% during the 2nd quarter. Sei Investments Co. now owns 63,894 shares of the real estate investment trust’s stock worth $1,168,000 after buying an additional 2,837 shares during the last quarter. 71.31% of the stock is owned by institutional investors.

Separately, Zacks Investment Research upgraded shares of Apollo Commercial Real Est. Finance from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Tuesday, July 31st. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Apollo Commercial Real Est. Finance presently has an average rating of “Hold” and a consensus price target of $21.00.

In related news, Director Mark C. Biderman sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $19.45, for a total value of $194,500.00. Following the transaction, the director now owns 56,718 shares in the company, valued at $1,103,165.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Scott Prince sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $19.36, for a total transaction of $580,800.00. Following the completion of the transaction, the director now owns 45,132 shares in the company, valued at approximately $873,755.52. The disclosure for this sale can be found here. Corporate insiders own 0.65% of the company’s stock.

Shares of NYSE:ARI traded down $0.01 on Friday, reaching $19.47. 658,208 shares of the company were exchanged, compared to its average volume of 648,732. The stock has a market cap of $2.38 billion, a PE ratio of 12.64 and a beta of 0.49. Apollo Commercial Real Est. Finance Inc has a 1-year low of $17.56 and a 1-year high of $19.57. The company has a quick ratio of 46.70, a current ratio of 46.70 and a debt-to-equity ratio of 0.25.

Apollo Commercial Real Est. Finance (NYSE:ARI) last released its quarterly earnings results on Wednesday, July 25th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.03. Apollo Commercial Real Est. Finance had a net margin of 78.14% and a return on equity of 9.77%. The company had revenue of $70.77 million for the quarter, compared to analysts’ expectations of $72.58 million. During the same period last year, the company earned $0.46 EPS. The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year. equities analysts anticipate that Apollo Commercial Real Est. Finance Inc will post 1.73 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 28th will be issued a dividend of $0.46 per share. The ex-dividend date is Thursday, September 27th. This represents a $1.84 annualized dividend and a dividend yield of 9.45%. Apollo Commercial Real Est. Finance’s payout ratio is currently 119.48%.

Apollo Commercial Real Est. Finance Profile

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.

Further Reading: Fiduciary

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

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