APG Asset Management N.V. Takes $12.32 Million Position in Apollo Commercial Real Estate Finance (NYSE:ARI)

APG Asset Management N.V. bought a new position in shares of Apollo Commercial Real Estate Finance (NYSE:ARI) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 680,400 shares of the real estate investment trust’s stock, valued at approximately $12,322,000. APG Asset Management N.V. owned 0.65% of Apollo Commercial Real Estate Finance as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. QS Investors LLC boosted its stake in shares of Apollo Commercial Real Estate Finance by 36.6% during the second quarter. QS Investors LLC now owns 41,894 shares of the real estate investment trust’s stock worth $777,000 after buying an additional 11,215 shares during the period. Pictet North America Advisors SA acquired a new stake in shares of Apollo Commercial Real Estate Finance during the second quarter worth about $1,670,000. Banque Pictet & Cie SA acquired a new stake in shares of Apollo Commercial Real Estate Finance during the second quarter worth about $1,670,000. Ameriprise Financial Inc. acquired a new stake in shares of Apollo Commercial Real Estate Finance during the second quarter worth about $10,140,000. Finally, Prudential Financial Inc. boosted its stake in shares of Apollo Commercial Real Estate Finance by 27.2% during the second quarter. Prudential Financial Inc. now owns 530,048 shares of the real estate investment trust’s stock worth $9,832,000 after buying an additional 113,190 shares during the period. Institutional investors and hedge funds own 64.68% of the company’s stock.

Several equities research analysts have recently weighed in on ARI shares. Royal Bank Of Canada reiterated a “buy” rating and set a $19.00 target price on shares of Apollo Commercial Real Estate Finance in a research note on Thursday, July 20th. Zacks Investment Research raised shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Wednesday, October 25th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Apollo Commercial Real Estate Finance has a consensus rating of “Hold” and a consensus price target of $19.33.

Shares of Apollo Commercial Real Estate Finance (ARI) traded up $0.08 on Friday, hitting $18.41. 849,282 shares of the stock were exchanged, compared to its average volume of 1,357,794. The company has a debt-to-equity ratio of 0.83, a quick ratio of 291.34 and a current ratio of 291.34. Apollo Commercial Real Estate Finance has a fifty-two week low of $16.46 and a fifty-two week high of $19.92. The stock has a market cap of $1,960.00, a PE ratio of 9.74 and a beta of 0.63.

Apollo Commercial Real Estate Finance (NYSE:ARI) last issued its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.47 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $71.24 million during the quarter, compared to analysts’ expectations of $66.40 million. During the same period last year, the company posted $0.45 EPS. The company’s revenue was up 33.6% on a year-over-year basis. equities analysts expect that Apollo Commercial Real Estate Finance will post 1.61 earnings per share for the current year.

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Apollo Commercial Real Estate Finance Profile

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.

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

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