Renaissance Technologies LLC Purchases 461,900 Shares of Apollo Commercial Real Est. Finance Inc (NYSE:ARI)

Renaissance Technologies LLC lifted its position in Apollo Commercial Real Est. Finance Inc (NYSE:ARI) by 496.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 554,940 shares of the real estate investment trust’s stock after purchasing an additional 461,900 shares during the quarter. Renaissance Technologies LLC owned about 0.36% of Apollo Commercial Real Est. Finance worth $10,205,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp grew its stake in shares of Apollo Commercial Real Est. Finance by 18.7% during the second quarter. Bank of New York Mellon Corp now owns 1,880,821 shares of the real estate investment trust’s stock valued at $34,589,000 after buying an additional 295,823 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Apollo Commercial Real Est. Finance by 27.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 904,331 shares of the real estate investment trust’s stock valued at $16,631,000 after purchasing an additional 195,357 shares during the period. Foundry Partners LLC boosted its holdings in shares of Apollo Commercial Real Est. Finance by 11.0% in the second quarter. Foundry Partners LLC now owns 879,019 shares of the real estate investment trust’s stock valued at $16,165,000 after purchasing an additional 86,885 shares during the period. Prudential Financial Inc. boosted its holdings in shares of Apollo Commercial Real Est. Finance by 15.0% in the second quarter. Prudential Financial Inc. now owns 625,348 shares of the real estate investment trust’s stock valued at $11,500,000 after purchasing an additional 81,770 shares during the period. Finally, First Trust Advisors LP boosted its holdings in shares of Apollo Commercial Real Est. Finance by 4.1% in the second quarter. First Trust Advisors LP now owns 489,501 shares of the real estate investment trust’s stock valued at $9,002,000 after purchasing an additional 19,163 shares during the period. 65.38% of the stock is currently owned by hedge funds and other institutional investors.

Apollo Commercial Real Est. Finance stock traded down $0.03 during mid-day trading on Monday, reaching $19.51. 16,109 shares of the company were exchanged, compared to its average volume of 857,854. The business has a fifty day moving average of $18.88 and a 200 day moving average of $18.63. The company has a debt-to-equity ratio of 0.39, a quick ratio of 44.69 and a current ratio of 44.69. The firm has a market cap of $2.99 billion, a P/E ratio of 11.70 and a beta of 0.62. Apollo Commercial Real Est. Finance Inc has a 12-month low of $16.41 and a 12-month high of $19.76.

Apollo Commercial Real Est. Finance (NYSE:ARI) last posted its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The company had revenue of $84.99 million during the quarter, compared to analyst estimates of $82.63 million. Apollo Commercial Real Est. Finance had a return on equity of 10.22% and a net margin of 75.64%. Apollo Commercial Real Est. Finance’s revenue was up 20.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.44 earnings per share. Sell-side analysts predict that Apollo Commercial Real Est. Finance Inc will post 1.71 EPS for the current year.

The business also recently announced a — dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a yield of 9.5%. Apollo Commercial Real Est. Finance’s dividend payout ratio is currently 110.18%.

Separately, Zacks Investment Research upgraded Apollo Commercial Real Est. Finance from a “sell” rating to a “hold” rating in a report on Tuesday, September 17th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $19.33.

In other Apollo Commercial Real Est. Finance news, Director Michael Salvati sold 20,000 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $19.02, for a total transaction of $380,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.39% of the stock is owned by corporate insiders.

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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