Point72 Asset Management L.P. Sells 9,870 Shares of Apollo Commercial Real Est. Finance Inc (NYSE:ARI)

Point72 Asset Management L.P. lessened its position in Apollo Commercial Real Est. Finance Inc (NYSE:ARI) by 81.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,181 shares of the real estate investment trust’s stock after selling 9,870 shares during the period. Point72 Asset Management L.P.’s holdings in Apollo Commercial Real Est. Finance were worth $42,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ARI. LS Investment Advisors LLC raised its holdings in Apollo Commercial Real Est. Finance by 18.0% in the 2nd quarter. LS Investment Advisors LLC now owns 4,005 shares of the real estate investment trust’s stock valued at $74,000 after buying an additional 610 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Apollo Commercial Real Est. Finance by 88.1% in the second quarter. Public Employees Retirement System of Ohio now owns 1,364 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 639 shares during the last quarter. Parallel Advisors LLC increased its position in Apollo Commercial Real Est. Finance by 31.3% during the 3rd quarter. Parallel Advisors LLC now owns 3,103 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 740 shares during the period. Oppenheimer & Co. Inc. increased its position in shares of Apollo Commercial Real Est. Finance by 1.7% during the third quarter. Oppenheimer & Co. Inc. now owns 61,139 shares of the real estate investment trust’s stock worth $1,173,000 after buying an additional 1,000 shares during the period. Finally, Wedbush Securities Inc. lifted its stake in Apollo Commercial Real Est. Finance by 5.6% in the second quarter. Wedbush Securities Inc. now owns 19,934 shares of the real estate investment trust’s stock valued at $367,000 after buying an additional 1,060 shares during the period. 66.17% of the stock is owned by institutional investors and hedge funds.

ARI has been the topic of a number of research reports. Compass Point assumed coverage on Apollo Commercial Real Est. Finance in a research report on Monday, December 2nd. They set a “neutral” rating and a $18.80 target price on the stock. Zacks Investment Research downgraded shares of Apollo Commercial Real Est. Finance from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 29th. TheStreet lowered shares of Apollo Commercial Real Est. Finance from a “b” rating to a “c+” rating in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. downgraded shares of Apollo Commercial Real Est. Finance from an “overweight” rating to a “neutral” rating and set a $18.50 price objective on the stock. in a report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. Apollo Commercial Real Est. Finance presently has an average rating of “Hold” and an average price target of $19.43.

ARI opened at $18.56 on Tuesday. The company has a debt-to-equity ratio of 1.37, a current ratio of 50.29 and a quick ratio of 50.29. Apollo Commercial Real Est. Finance Inc has a fifty-two week low of $16.41 and a fifty-two week high of $19.76. The firm has a market capitalization of $2.85 billion, a PE ratio of 11.11 and a beta of 0.59. The company’s 50-day moving average is $18.24 and its 200 day moving average is $18.65.

Apollo Commercial Real Est. Finance (NYSE:ARI) last announced its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.47 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.47. The business had revenue of $85.22 million for the quarter, compared to analysts’ expectations of $86.97 million. Apollo Commercial Real Est. Finance had a net margin of 63.86% and a return on equity of 10.43%. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.47 EPS. As a group, analysts expect that Apollo Commercial Real Est. Finance Inc will post 1.68 EPS for the current year.

About Apollo Commercial Real Est. Finance

Apollo Commercial Real Estate Finance, Inc operates as a real estate investment trust (REIT) that primarily 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 company is qualified as a REIT under the Internal Revenue Code.

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Institutional Ownership by Quarter for Apollo Commercial Real Est. Finance (NYSE:ARI)

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