Cornerstone Capital Management Holdings LLC. Boosts Stake in Apollo Commercial Real Estate Finance (ARI)

Cornerstone Capital Management Holdings LLC. lifted its holdings in Apollo Commercial Real Estate Finance (NYSE:ARI) by 23.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 161,586 shares of the real estate investment trust’s stock after buying an additional 30,700 shares during the period. Cornerstone Capital Management Holdings LLC. owned approximately 0.15% of Apollo Commercial Real Estate Finance worth $2,996,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. Principal Financial Group Inc. lifted its stake in shares of Apollo Commercial Real Estate Finance by 0.5% in the first quarter. Principal Financial Group Inc. now owns 16,165 shares of the real estate investment trust’s stock worth $304,000 after buying an additional 80 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in shares of Apollo Commercial Real Estate Finance by 0.5% in the first quarter. Oppenheimer & Co. Inc. now owns 58,499 shares of the real estate investment trust’s stock worth $1,101,000 after buying an additional 300 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Apollo Commercial Real Estate Finance by 0.9% in the first quarter. Wellington Management Group LLP now owns 62,270 shares of the real estate investment trust’s stock worth $1,171,000 after buying an additional 557 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of Apollo Commercial Real Estate Finance by 7.6% in the second quarter. Bank of Montreal Can now owns 10,058 shares of the real estate investment trust’s stock worth $186,000 after buying an additional 707 shares in the last quarter. Finally, Arete Wealth Advisors LLC lifted its stake in shares of Apollo Commercial Real Estate Finance by 2.9% in the second quarter. Arete Wealth Advisors LLC now owns 26,530 shares of the real estate investment trust’s stock worth $492,000 after buying an additional 750 shares in the last quarter. 64.90% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: “Cornerstone Capital Management Holdings LLC. Boosts Stake in Apollo Commercial Real Estate Finance (ARI)” was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another domain, it was copied illegally and reposted in violation of US and international copyright legislation. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/17/cornerstone-capital-management-holdings-llc-boosts-stake-in-apollo-commercial-real-estate-finance-ari.html.

Shares of Apollo Commercial Real Estate Finance (NYSE:ARI) opened at 18.40 on Tuesday. The firm has a market capitalization of $1.94 billion, a PE ratio of 9.11 and a beta of 0.64. Apollo Commercial Real Estate Finance has a 52-week low of $16.13 and a 52-week high of $19.92. The company’s 50-day moving average is $18.13 and its 200 day moving average is $18.41.

Apollo Commercial Real Estate Finance (NYSE:ARI) last released its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.01). The firm had revenue of $62.22 million during the quarter, compared to analysts’ expectations of $63.75 million. Apollo Commercial Real Estate Finance had a net margin of 93.54% and a return on equity of 9.59%. Apollo Commercial Real Estate Finance’s revenue for the quarter was up 32.6% on a year-over-year basis. During the same quarter last year, the company posted $0.49 earnings per share. Equities analysts expect that Apollo Commercial Real Estate Finance will post $1.84 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were issued a $0.46 dividend. The ex-dividend date was Thursday, September 28th. This represents a $1.84 dividend on an annualized basis and a yield of 10.00%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is 86.79%.

ARI has been the topic of several research reports. BidaskClub downgraded shares of Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Zacks Investment Research raised shares of Apollo Commercial Real Estate Finance from a “strong sell” rating to a “hold” rating in a research note on

Several other large investors have also bought and sold shares of the company. Principal Financial Group Inc. lifted its stake in shares of Apollo Commercial Real Estate Finance by 0.5% in the first quarter. Principal Financial Group Inc. now owns 16,165 shares of the real estate investment trust’s stock worth $304,000 after buying an additional 80 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in shares of Apollo Commercial Real Estate Finance by 0.5% in the first quarter. Oppenheimer & Co. Inc. now owns 58,499 shares of the real estate investment trust’s stock worth $1,101,000 after buying an additional 300 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Apollo Commercial Real Estate Finance by 0.9% in the first quarter. Wellington Management Group LLP now owns 62,270 shares of the real estate investment trust’s stock worth $1,171,000 after buying an additional 557 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of Apollo Commercial Real Estate Finance by 7.6% in the second quarter. Bank of Montreal Can now owns 10,058 shares of the real estate investment trust’s stock worth $186,000 after buying an additional 707 shares in the last quarter. Finally, Arete Wealth Advisors LLC lifted its stake in shares of Apollo Commercial Real Estate Finance by 2.9% in the second quarter. Arete Wealth Advisors LLC now owns 26,530 shares of the real estate investment trust’s stock worth $492,000 after buying an additional 750 shares in the last quarter. 64.90% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: “Cornerstone Capital Management Holdings LLC. Boosts Stake in Apollo Commercial Real Estate Finance (ARI)” was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another domain, it was copied illegally and reposted in violation of US and international copyright legislation. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/17/cornerstone-capital-management-holdings-llc-boosts-stake-in-apollo-commercial-real-estate-finance-ari.html.

Shares of Apollo Commercial Real Estate Finance (NYSE:ARI) opened at 18.40 on Tuesday. The firm has a market capitalization of $1.94 billion, a PE ratio of 9.11 and a beta of 0.64. Apollo Commercial Real Estate Finance has a 52-week low of $16.13 and a 52-week high of $19.92. The company’s 50-day moving average is $18.13 and its 200 day moving average is $18.41.

Apollo Commercial Real Estate Finance (NYSE:ARI) last released its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.01). The firm had revenue of $62.22 million during the quarter, compared to analysts’ expectations of $63.75 million. Apollo Commercial Real Estate Finance had a net margin of 93.54% and a return on equity of 9.59%. Apollo Commercial Real Estate Finance’s revenue for the quarter was up 32.6% on a year-over-year basis. During the same quarter last year, the company posted $0.49 earnings per share. Equities analysts expect that Apollo Commercial Real Estate Finance will post $1.84 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were issued a $0.46 dividend. The ex-dividend date was Thursday, September 28th. This represents a $1.84 dividend on an annualized basis and a yield of 10.00%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is 86.79%.

ARI has been the topic of several research reports. BidaskClub downgraded shares of Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Zacks Investment Research raised shares of Apollo Commercial Real Estate Finance from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, Royal Bank Of Canada restated a “buy” rating and set a $19.00 price objective on shares of Apollo Commercial Real Estate Finance in a research report on Thursday, July 20th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $18.50.

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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