Apollo Commercial Real Estate Finance (ARI) Position Lowered by Yorktown Management & Research Co Inc

Yorktown Management & Research Co Inc lowered its position in shares of Apollo Commercial Real Estate Finance (NYSE:ARI) by 17.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 550,000 shares of the real estate investment trust’s stock after selling 120,000 shares during the period. Apollo Commercial Real Estate Finance accounts for approximately 2.6% of Yorktown Management & Research Co Inc’s portfolio, making the stock its 6th largest position. Yorktown Management & Research Co Inc owned 0.51% of Apollo Commercial Real Estate Finance worth $9,961,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of ARI. Principal Financial Group Inc. grew its stake in shares of Apollo Commercial Real Estate Finance by 0.5% during the first quarter. Principal Financial Group Inc. now owns 16,165 shares of the real estate investment trust’s stock worth $304,000 after purchasing an additional 80 shares in the last quarter. Teachers Advisors LLC lifted its position in Apollo Commercial Real Estate Finance by 7.8% in the first quarter. Teachers Advisors LLC now owns 185,412 shares of the real estate investment trust’s stock valued at $3,488,000 after acquiring an additional 13,351 shares during the last quarter. Legal & General Group Plc lifted its position in Apollo Commercial Real Estate Finance by 77.0% in the first quarter. Legal & General Group Plc now owns 30,306 shares of the real estate investment trust’s stock valued at $570,000 after acquiring an additional 13,187 shares during the last quarter. Vanguard Group Inc. lifted its position in Apollo Commercial Real Estate Finance by 5.0% in the first quarter. Vanguard Group Inc. now owns 3,591,392 shares of the real estate investment trust’s stock valued at $67,554,000 after acquiring an additional 170,993 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in Apollo Commercial Real Estate Finance in the first quarter valued at $1,936,000. Hedge funds and other institutional investors own 64.50% of the company’s stock.

Shares of Apollo Commercial Real Estate Finance (NYSE ARI) traded up $0.08 during trading on Tuesday, hitting $18.58. 520,548 shares of the stock were exchanged, compared to its average volume of 1,355,276. Apollo Commercial Real Estate Finance has a twelve month low of $16.46 and a twelve month high of $19.92. The company has a current ratio of 291.34, a quick ratio of 291.34 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $1,980.00, a price-to-earnings ratio of 9.79 and a beta of 0.63.

Apollo Commercial Real Estate Finance (NYSE:ARI) last issued its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.05. Apollo Commercial Real Estate Finance had a net margin of 86.07% and a return on equity of 10.32%. The company had revenue of $71.24 million for the quarter, compared to analyst estimates of $66.40 million. During the same period in the prior year, the business posted $0.45 earnings per share. The firm’s revenue for the quarter was up 33.6% compared to the same quarter last year. equities analysts forecast that Apollo Commercial Real Estate Finance will post 1.61 EPS for the current fiscal year.

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Separately, Zacks Investment Research raised shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Wednesday, October 25th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $19.33.

About Apollo Commercial Real Estate Finance

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.

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

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