6 Meridian Grows Stake in Apollo Commercial Real Est. Finance Inc (NYSE:ARI)

6 Meridian grew its position in Apollo Commercial Real Est. Finance Inc (NYSE:ARI) by 4.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,864 shares of the real estate investment trust’s stock after purchasing an additional 1,732 shares during the quarter. 6 Meridian’s holdings in Apollo Commercial Real Est. Finance were worth $783,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. LS Investment Advisors LLC grew its holdings in Apollo Commercial Real Est. Finance by 18.0% in the second quarter. LS Investment Advisors LLC now owns 4,005 shares of the real estate investment trust’s stock worth $74,000 after purchasing an additional 610 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in Apollo Commercial Real Est. Finance by 88.1% in the second quarter. Public Employees Retirement System of Ohio now owns 1,364 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 639 shares during the last quarter. Claraphi Advisory Network LLC grew its holdings in Apollo Commercial Real Est. Finance by 4.8% in the second quarter. Claraphi Advisory Network LLC now owns 16,900 shares of the real estate investment trust’s stock worth $311,000 after purchasing an additional 775 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in Apollo Commercial Real Est. Finance by 2.1% in the second quarter. Oregon Public Employees Retirement Fund now owns 44,446 shares of the real estate investment trust’s stock worth $817,000 after purchasing an additional 900 shares during the last quarter. Finally, Wedbush Securities Inc. grew its holdings in Apollo Commercial Real Est. Finance by 5.6% in the second quarter. Wedbush Securities Inc. now owns 19,934 shares of the real estate investment trust’s stock worth $367,000 after purchasing an additional 1,060 shares during the last quarter. 65.47% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Michael Salvati sold 20,000 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $19.02, for a total transaction of $380,400.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.39% of the stock is owned by insiders.

Shares of ARI opened at $18.96 on Thursday. The firm has a market capitalization of $2.91 billion, a PE ratio of 11.35 and a beta of 0.61. The company has a debt-to-equity ratio of 0.39, a current ratio of 44.69 and a quick ratio of 44.69. Apollo Commercial Real Est. Finance Inc has a 1-year low of $16.41 and a 1-year high of $19.76. The company’s fifty day moving average price is $19.10 and its 200-day moving average price is $18.75.

Apollo Commercial Real Est. Finance (NYSE:ARI) last announced its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.47 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.47. The firm had revenue of $85.22 million for the quarter, compared to analyst estimates of $86.97 million. Apollo Commercial Real Est. Finance had a net margin of 75.64% and a return on equity of 10.22%. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.47 earnings per share. As a group, research analysts anticipate that Apollo Commercial Real Est. Finance Inc will post 1.71 EPS for the current fiscal year.

The business also recently disclosed a — dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $0.46 per share. This represents a dividend yield of 9.5%. The ex-dividend date was Friday, September 27th. Apollo Commercial Real Est. Finance’s dividend payout ratio (DPR) is presently 110.18%.

Several equities analysts have issued reports on ARI shares. JPMorgan Chase & Co. lowered shares of Apollo Commercial Real Est. Finance from an “overweight” rating to a “neutral” rating and set a $18.50 price target on the stock. in a report on Tuesday. Zacks Investment Research lowered shares of Apollo Commercial Real Est. Finance from a “hold” rating to a “sell” rating in a report on Monday, September 23rd.

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.

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

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