Great Lakes Advisors LLC Buys 16,341 Shares of Apollo Commercial Real Est. Finance Inc (NYSE:ARI)

Great Lakes Advisors LLC grew its stake in Apollo Commercial Real Est. Finance Inc (NYSE:ARI) by 4.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 378,840 shares of the real estate investment trust’s stock after purchasing an additional 16,341 shares during the period. Great Lakes Advisors LLC owned approximately 0.25% of Apollo Commercial Real Est. Finance worth $6,967,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Marshall Wace North America L.P. bought a new stake in shares of Apollo Commercial Real Est. Finance in the 1st quarter valued at approximately $25,000. Osborn Williams & Donohoe LLC bought a new stake in shares of Apollo Commercial Real Est. Finance in the 1st quarter valued at approximately $33,000. Parallel Advisors LLC grew its stake in shares of Apollo Commercial Real Est. Finance by 252.7% in the 2nd quarter. Parallel Advisors LLC now owns 2,363 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 1,693 shares during the period. Advisory Alpha LLC bought a new stake in shares of Apollo Commercial Real Est. Finance in the 1st quarter valued at approximately $45,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Apollo Commercial Real Est. Finance in the 1st quarter valued at approximately $93,000. Institutional investors own 61.23% of the company’s stock.

Separately, Zacks Investment Research lowered Apollo Commercial Real Est. Finance from a “hold” rating to a “sell” rating in a research note on Tuesday, August 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $19.33.

Shares of ARI stock traded down $0.10 during trading hours on Thursday, hitting $18.86. The company had a trading volume of 7,765 shares, compared to its average volume of 1,146,775. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of 11.31 and a beta of 0.61. Apollo Commercial Real Est. Finance Inc has a 12 month low of $16.41 and a 12 month high of $19.57. The firm’s fifty day moving average is $18.67 and its 200 day moving average is $18.51. The company has a debt-to-equity ratio of 0.39, a quick ratio of 44.69 and a current ratio of 44.69.

Apollo Commercial Real Est. Finance (NYSE:ARI) last released its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.45 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.01. The business had revenue of $84.99 million for the quarter, compared to analyst estimates of $82.63 million. Apollo Commercial Real Est. Finance had a return on equity of 10.22% and a net margin of 75.64%. Apollo Commercial Real Est. Finance’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.44 EPS. On average, sell-side analysts expect that Apollo Commercial Real Est. Finance Inc will post 1.71 EPS for the current fiscal year.

Apollo Commercial Real Est. Finance Company 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.

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

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