Apollo Management Holdings buys $47,909,409 stake in Apollo Commercial Real Est. Finance Inc (ARI)

Apollo Commercial Real Est. Finance Inc (ARI) : Apollo Management Holdings scooped up 1,318,773 additional shares in Apollo Commercial Real Est. Finance Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 2,769,330 shares of Apollo Commercial Real Est. Finance Inc which is valued at $47,909,409.Apollo Commercial Real Est. Finance Inc makes up approximately 1.79% of Apollo Management Holdings’s portfolio.

Other Hedge Funds, Including , Kazazian Asset Management sold out all of its stake in ARI during the most recent quarter. The investment firm sold 40,928 shares of ARI which is valued $708,054. William Harris Investors Inc sold out all of its stake in ARI during the most recent quarter. The investment firm sold 22,507 shares of ARI which is valued $379,243.Los Angeles Capital Management Equity Research Inc reduced its stake in ARI by selling 90,518 shares or 43.32% in the most recent quarter. The Hedge Fund company now holds 118,447 shares of ARI which is valued at $1,995,832. Apollo Commercial Real Est. Finance Inc makes up approx 0.02% of Los Angeles Capital Management Equity Research Inc’s portfolio.Ifp Advisors Inc reduced its stake in ARI by selling 126 shares or 1.38% in the most recent quarter. The Hedge Fund company now holds 8,989 shares of ARI which is valued at $151,015. Apollo Commercial Real Est. Finance Inc makes up approx 0.01% of Ifp Advisors Inc’s portfolio.

Apollo Commercial Real Est. Finance Inc opened for trading at $17.14 and hit $17.31 on the upside on Monday, eventually ending the session at $17.3, with a gain of 1.23% or 0.21 points. The heightened volatility saw the trading volume jump to 9,56,532 shares. Company has a market cap of $1,399 M.

On the company’s financial health, Apollo Commercial Real Est. Finance Inc reported $0.45 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Oct 26, 2016. Analyst had a consensus of $0.48. The company had revenue of $53.32 million for the quarter, compared to analysts expectations of $53.10 million. The company’s revenue was up 37.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS.

Many Wall Street Analysts have commented on Apollo Commercial Real Est. Finance Inc. Apollo Commercial Real Est. Finance Inc was Upgraded by Wells Fargo to ” Market Perform” on Oct 13, 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.

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