Opus Capital Group LLC reduced its position in shares of Apollo Commercial Real Est. Finance Inc (NYSE:ARI) by 2.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 204,200 shares of the real estate investment trust’s stock after selling 4,738 shares during the period. Opus Capital Group LLC owned approximately 0.30% of Apollo Commercial Real Est. Finance worth $3,518,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Baker Ellis Asset Management increased its position in Apollo Commercial Real Est. Finance by 4.9% in the fourth quarter. Baker Ellis Asset Management now owns 31,948 shares of the real estate investment trust’s stock valued at $550,000 after buying an additional 1,500 shares during the period. California State Teachers Retirement System increased its position in Apollo Commercial Real Est. Finance by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 108,297 shares of the real estate investment trust’s stock valued at $1,866,000 after buying an additional 1,784 shares during the period. California Public Employees Retirement System increased its position in Apollo Commercial Real Est. Finance by 4.1% in the fourth quarter. California Public Employees Retirement System now owns 193,100 shares of the real estate investment trust’s stock valued at $3,327,000 after buying an additional 7,600 shares during the period. State Board of Administration of Florida Retirement System increased its position in Apollo Commercial Real Est. Finance by 23.9% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 68,695 shares of the real estate investment trust’s stock valued at $1,184,000 after buying an additional 13,232 shares during the period. Finally, EQIS Capital Management bought a new position in Apollo Commercial Real Est. Finance during the fourth quarter valued at approximately $291,000.
Shares of Apollo Commercial Real Est. Finance Inc (NYSE:ARI) opened at 16.28 on Monday. Apollo Commercial Real Est. Finance Inc has a 52-week low of $12.92 and a 52-week high of $18.25. The company’s 50 day moving average price is $15.94 and its 200 day moving average price is $16.55. The stock has a market cap of $1.09 billion and a PE ratio of 10.57.
Apollo Commercial Real Est. Finance (NYSE:ARI) last announced its earnings results on Tuesday, February 9th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.01. The business had revenue of $43.24 million for the quarter, compared to analysts’ expectations of $7.60 million. The firm’s quarterly revenue was up 59.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.39 earnings per share. On average, analysts anticipate that Apollo Commercial Real Est. Finance Inc will post $2.32 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 15th. Shareholders of record on Thursday, March 31st will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Tuesday, March 29th. This represents a $1.84 annualized dividend and a yield of 11.30%.
ARI has been the subject of several research analyst reports. Keefe, Bruyette Woods increased their target price on Apollo Commercial Real Est. Finance from $17.50 to $18.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 6th. Zacks Investment Research upgraded Apollo Commercial Real Est. Finance from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Monday, January 11th.
In other Apollo Commercial Real Est. Finance news, CEO Stuart Rothstein sold 10,000 shares of the business’s stock in a transaction dated Monday, January 4th. The stock was sold at an average price of $17.01, for a total transaction of $170,100.00. Following the sale, the chief executive officer now owns 203,507 shares in the company, valued at approximately $3,461,654.07. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Apollo Commercial Real Estate Finance, Inc is a real estate investment trust (NYSE:ARI). The Company is focused primarily on originating, investing in, acquiring and managing performing commercial first mortgage loans, subordinate financings, commercial mortgage-backed securities (CMBS) and other commercial real estate-related debt investments.
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