Edgestream Partners L.P. Acquires Shares of 549,912 Apollo Commercial Real Estate Finance $ARI

Edgestream Partners L.P. bought a new stake in shares of Apollo Commercial Real Estate Finance (NYSE:ARI) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 549,912 shares of the real estate investment trust’s stock, valued at approximately $5,323,000. Edgestream Partners L.P. owned 0.40% of Apollo Commercial Real Estate Finance as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. CWM LLC boosted its position in Apollo Commercial Real Estate Finance by 39.2% during the first quarter. CWM LLC now owns 3,858 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 1,087 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Apollo Commercial Real Estate Finance by 55.6% during the 2nd quarter. Signaturefd LLC now owns 4,059 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 1,451 shares during the last quarter. McElhenny Sheffield Capital Management LLC bought a new stake in shares of Apollo Commercial Real Estate Finance in the 2nd quarter valued at approximately $41,000. Smartleaf Asset Management LLC increased its holdings in Apollo Commercial Real Estate Finance by 94.1% in the first quarter. Smartleaf Asset Management LLC now owns 5,909 shares of the real estate investment trust’s stock worth $57,000 after buying an additional 2,864 shares during the last quarter. Finally, Keybank National Association OH bought a new position in Apollo Commercial Real Estate Finance during the second quarter valued at approximately $103,000. 54.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Apollo Commercial Real Estate Finance

In other news, CEO Stuart Rothstein sold 52,073 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $10.78, for a total transaction of $561,346.94. Following the completion of the transaction, the chief executive officer directly owned 281,781 shares in the company, valued at $3,037,599.18. The trade was a 15.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.68% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Apollo Commercial Real Estate Finance from $10.50 to $11.00 and gave the stock an “overweight” rating in a research report on Monday, November 3rd. Keefe, Bruyette & Woods upped their price objective on shares of Apollo Commercial Real Estate Finance from $10.75 to $11.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Zacks Research lowered Apollo Commercial Real Estate Finance from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 16th. Wall Street Zen cut Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Apollo Commercial Real Estate Finance in a report on Monday. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $10.88.

Apollo Commercial Real Estate Finance Stock Performance

Shares of ARI opened at $10.10 on Wednesday. The company has a market capitalization of $1.40 billion, a PE ratio of 11.35, a price-to-earnings-growth ratio of 0.29 and a beta of 1.54. The company has a debt-to-equity ratio of 0.66, a current ratio of 90.32 and a quick ratio of 90.32. Apollo Commercial Real Estate Finance has a one year low of $7.70 and a one year high of $11.11. The company’s fifty day moving average price is $10.02 and its 200 day moving average price is $10.05.

Apollo Commercial Real Estate Finance (NYSE:ARI) last released its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. The company had revenue of $63.88 million during the quarter, compared to analysts’ expectations of $49.15 million. Apollo Commercial Real Estate Finance had a net margin of 51.40% and a return on equity of 8.34%. As a group, analysts expect that Apollo Commercial Real Estate Finance will post 0.63 earnings per share for the current year.

Apollo Commercial Real Estate Finance Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 9.9%. The ex-dividend date of this dividend was Tuesday, September 30th. Apollo Commercial Real Estate Finance’s payout ratio is currently 112.36%.

About Apollo Commercial Real Estate Finance

Apollo Commercial Real Estate Finance, Inc operates as a real estate investment trust (REIT) that 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 United Kingdom, and Europe.