Carmel Capital Partners LLC Purchases New Shares in Apollo Commercial Real Estate Finance $ARI

Carmel Capital Partners LLC acquired a new position in shares of Apollo Commercial Real Estate Finance (NYSE:ARI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 224,614 shares of the real estate investment trust’s stock, valued at approximately $2,275,000. Apollo Commercial Real Estate Finance accounts for approximately 1.0% of Carmel Capital Partners LLC’s holdings, making the stock its 21st largest holding. Carmel Capital Partners LLC owned about 0.16% of Apollo Commercial Real Estate Finance at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in ARI. Farther Finance Advisors LLC increased its position in shares of Apollo Commercial Real Estate Finance by 1,047.8% in the third quarter. Farther Finance Advisors LLC now owns 3,145 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 2,871 shares in the last quarter. Signaturefd LLC grew its position in 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 worth $39,000 after purchasing an additional 1,451 shares in the last quarter. McElhenny Sheffield Capital Management LLC acquired a new stake in Apollo Commercial Real Estate Finance during the 2nd quarter valued at $41,000. CWM LLC lifted its holdings in shares of Apollo Commercial Real Estate Finance by 66.4% in the second quarter. CWM LLC now owns 6,419 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 2,561 shares in the last quarter. Finally, Keybank National Association OH acquired a new stake in shares of Apollo Commercial Real Estate Finance in the second quarter worth $103,000. 54.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Apollo Commercial Real Estate Finance

In related news, CEO Stuart Rothstein sold 52,072 shares of Apollo Commercial Real Estate Finance stock in a transaction on Monday, December 15th. The shares were sold at an average price of $10.16, for a total value of $529,051.52. Following the completion of the sale, the chief executive officer owned 229,709 shares of the company’s stock, valued at approximately $2,333,843.44. The trade was a 18.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on ARI shares. Keefe, Bruyette & Woods upped their price target on Apollo Commercial Real Estate Finance from $10.75 to $11.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Apollo Commercial Real Estate Finance in a report on Monday, December 29th. Wall Street Zen lowered shares of Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a research report on Saturday, January 3rd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Apollo Commercial Real Estate Finance from $10.50 to $11.00 and gave the company an “overweight” rating in a research report on Monday, November 3rd. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Apollo Commercial Real Estate Finance currently has a consensus rating of “Hold” and a consensus target price of $10.88.

Apollo Commercial Real Estate Finance Stock Down 1.1%

Shares of Apollo Commercial Real Estate Finance stock opened at $10.01 on Friday. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 11.25, a P/E/G ratio of 0.27 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 52-week low of $7.70 and a 52-week high of $11.11. The stock has a 50-day simple moving average of $9.99 and a 200-day simple moving average of $10.09.

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

Apollo Commercial Real Estate Finance Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a dividend of $0.25 per share. The ex-dividend date was Wednesday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 10.0%. Apollo Commercial Real Estate Finance’s dividend payout ratio is 112.36%.

Apollo Commercial Real Estate Finance Company Profile

Apollo Commercial Real Estate Finance, Inc (NYSE: ARI) is a real estate finance company structured as a real estate investment trust (REIT). The company focuses on originating, acquiring and managing a diversified portfolio of commercial real estate debt and preferred equity investments. As an externally managed vehicle, ARI leverages the expertise and resources of an affiliate of Apollo Global Management, a leading global alternative investment manager.

ARI’s investment strategy is centered on providing first mortgage loans, mezzanine debt financing, bridge loans and preferred equity across a broad range of property types, including office, retail, industrial and multifamily assets.