Apollo Commercial Real Est. Finance Inc (ARI) : Apollo Management Holdings reduced its stake in Apollo Commercial Real Est. Finance Inc by 0.6% during the most recent quarter end. The investment management company now holds a total of 1,293,933 shares of Apollo Commercial Real Est. Finance Inc which is valued at $21,336,955 after selling 7,813 shares in Apollo Commercial Real Est. Finance Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Apollo Commercial Real Est. Finance Inc makes up approximately 0.86% of Apollo Management Holdings’s portfolio.
Other Hedge Funds, Including , Guggenheim Capital reduced its stake in ARI by selling 78,282 shares or 31.39% in the most recent quarter. The Hedge Fund company now holds 171,065 shares of ARI which is valued at $2,820,862. Apollo Commercial Real Est. Finance Inc makes up approx 0.01% of Guggenheim Capital’s portfolio.Advisors Preferred boosted its stake in ARI in the latest quarter, The investment management firm added 9,362 additional shares and now holds a total of 23,862 shares of Apollo Commercial Real Est. Finance Inc which is valued at $393,484. Apollo Commercial Real Est. Finance Inc makes up approx 0.23% of Advisors Preferred’s portfolio. Quantbot Technologies Lp added ARI to its portfolio by purchasing 474 company shares during the most recent quarter which is valued at $7,646.
Apollo Commercial Real Est. Finance Inc opened for trading at $16.3 and hit $16.51 on the upside on Thursday, eventually ending the session at $16.48, with a gain of 1.10% or 0.18 points. The heightened volatility saw the trading volume jump to 10,30,315 shares. Company has a market cap of $1,111 M.
On the company’s financial health, Apollo Commercial Real Est. Finance Inc reported $0.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.49. The company had revenue of $46.80 million for the quarter, compared to analysts expectations of $45.42 million. The company’s revenue was up 63.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS.
Apollo Commercial Real Estate Finance Inc. is a real estate investment trust (REIT). 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. The Company’s principal business objective is to make investments in its target assets in order to provide attractive risk adjusted returns to its stockholders over the long term primarily through dividends and secondarily through capital appreciation. The Company is externally managed and advised by ACREFI Management LLC an indirect subsidiary of Apollo Global Management LLC.