United Services Automobile Association Purchases 45,941 Shares of Apollo Commercial Real Est. Finance Inc (ARI)

United Services Automobile Association raised its position in Apollo Commercial Real Est. Finance Inc (NYSE:ARI) by 59.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 123,296 shares of the real estate investment trust’s stock after acquiring an additional 45,941 shares during the period. United Services Automobile Association owned about 0.10% of Apollo Commercial Real Est. Finance worth $2,254,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Cornerstone Wealth Management LLC acquired a new position in Apollo Commercial Real Est. Finance in the 2nd quarter valued at approximately $308,000. Acadian Asset Management LLC acquired a new position in Apollo Commercial Real Est. Finance in the 2nd quarter valued at approximately $195,000. United Capital Financial Advisers LLC acquired a new position in Apollo Commercial Real Est. Finance in the 1st quarter valued at approximately $202,000. Centaurus Financial Inc. acquired a new position in Apollo Commercial Real Est. Finance in the 2nd quarter valued at approximately $256,000. Finally, Meadow Creek Investment Management LLC raised its holdings in Apollo Commercial Real Est. Finance by 20.0% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 16,928 shares of the real estate investment trust’s stock valued at $309,000 after acquiring an additional 2,816 shares in the last quarter. 71.31% of the stock is owned by hedge funds and other institutional investors.

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



Apollo Commercial Real Est. Finance stock opened at $18.73 on Friday. The company has a quick ratio of 46.70, a current ratio of 46.70 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of 11.44 and a beta of 0.48. Apollo Commercial Real Est. Finance Inc has a 12 month low of $17.56 and a 12 month high of $19.57.

Apollo Commercial Real Est. Finance (NYSE:ARI) last posted its quarterly earnings results on Wednesday, July 25th. The real estate investment trust reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. Apollo Commercial Real Est. Finance had a return on equity of 9.77% and a net margin of 78.14%. The firm had revenue of $70.77 million during the quarter, compared to analysts’ expectations of $72.58 million. During the same quarter in the prior year, the firm posted $0.46 EPS. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. As a group, analysts expect that Apollo Commercial Real Est. Finance Inc will post 1.73 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were issued a $0.46 dividend. The ex-dividend date was Thursday, September 27th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 9.82%. Apollo Commercial Real Est. Finance’s payout ratio is presently 119.48%.

Several research firms have commented on ARI. Zacks Investment Research cut Apollo Commercial Real Est. Finance from a “buy” rating to a “hold” rating in a report on Tuesday, September 25th. BTIG Research began coverage on Apollo Commercial Real Est. Finance in a report on Monday, October 8th. They issued a “neutral” rating for the company. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $21.00.

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: How analysts view the yield curve

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

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