Apollo Commercial Real Est. Finance Inc (ARI) : Shikiar Asset Management Inc has sold out all of its stake in Apollo Commercial Real Est. Finance Inc during the most recent quarter, according to the disclosure filed by the company on Apr 21, 2016 with the SEC. The investment management company has sold out 11,038 shares of Apollo Commercial Real Est. Finance Inc which is valued at $173,297.
Apollo Commercial Real Est. Finance Inc closed down -0.01 points or -0.06% at $15.95 with 6,53,034 shares getting traded on Wednesday. Post opening the session at $15.83, the shares hit an intraday low of $15.67 and an intraday high of $15.98 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Other Hedge Funds, Including , Strs Ohio sold out all of its stake in ARI during the most recent quarter. The investment firm sold 18,700 shares of ARI which is valued $293,590.Sigma Planning Corp boosted its stake in ARI in the latest quarter, The investment management firm added 2,930 additional shares and now holds a total of 20,205 shares of Apollo Commercial Real Est. Finance Inc which is valued at $317,219. Apollo Commercial Real Est. Finance Inc makes up approx 0.04% of Sigma Planning Corp’s portfolio. Alpha Windward added ARI to its portfolio by purchasing 24,420 company shares during the most recent quarter which is valued at $389,499. Apollo Commercial Real Est. Finance Inc makes up approx 0.28% of Alpha Windward’s portfolio. Eqis Capital Management sold out all of its stake in ARI during the most recent quarter. The investment firm sold 16,895 shares of ARI which is valued $268,124.Edge Wealth Management reduced its stake in ARI by selling 10,500 shares or 95.45% in the most recent quarter. The Hedge Fund company now holds 500 shares of ARI which is valued at $7,935.
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.
Many Wall Street Analysts have commented on Apollo Commercial Real Est. Finance Inc. Apollo Commercial Real Est. Finance Inc was Downgraded by Wells Fargo to ” Underperform” on Apr 11, 2016.
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.