275,833 Shares in Apollo Commercial Real Estate Finance $ARI Acquired by Cura Wealth Advisors LLC

Key Points

• Cura Wealth Advisors acquired 275,833 shares of Apollo Commercial Real Estate Finance, valued at approximately $2.95 million, giving it a 0.21% stake. Institutional investors and hedge funds collectively own 54.43% of ARI.
• ARI shares opened at $6.83, near their one-year low of $6.43 and below the 50-day and 200-day moving averages. The company reported quarterly revenue of $44.38 million and a loss of $2.62 per share.
• Analyst sentiment is mixed, with two Buy, two Hold and two Sell ratings; MarketBeat lists an overall Hold rating and an average price target of $11.33. The article also reports a sharply increased quarterly dividend of $3.75, implying a 219.5% yield.

Cura Wealth Advisors LLC purchased a new stake in Apollo Commercial Real Estate Finance (NYSE:ARI - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 275,833 shares of the real estate investment trust's stock, valued at approximately $2,946,000. Apollo Commercial Real Estate Finance accounts for approximately 1.3% of Cura Wealth Advisors LLC's investment portfolio, making the stock its 13th biggest position. Cura Wealth Advisors LLC owned about 0.21% of Apollo Commercial Real Estate Finance at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC acquired a new stake in shares of Apollo Commercial Real Estate Finance during the first quarter worth $3,459,000. Carmel Capital Partners LLC raised its stake in Apollo Commercial Real Estate Finance by 40.0% in the 4th quarter. Carmel Capital Partners LLC now owns 314,501 shares of the real estate investment trust's stock worth $3,044,000 after purchasing an additional 89,887 shares in the last quarter. Readystate Asset Management LP acquired a new stake in Apollo Commercial Real Estate Finance in the 1st quarter worth about $4,760,000. NewGen Asset Management Ltd bought a new stake in Apollo Commercial Real Estate Finance in the 1st quarter valued at about $3,228,000. Finally, Family Manage LLC bought a new stake in Apollo Commercial Real Estate Finance in the 1st quarter valued at about $1,682,000. 54.43% of the stock is owned by institutional investors and hedge funds.

Apollo Commercial Real Estate Finance Trading Up 0.1%

NYSE ARI opened at $6.83 on Monday. The firm's 50 day simple moving average is $8.93 and its 200 day simple moving average is $10.11. The firm has a market capitalization of $876.32 million, a price-to-earnings ratio of 8.54 and a beta of 1.36. Apollo Commercial Real Estate Finance has a 1 year low of $6.43 and a 1 year high of $11.24.

Apollo Commercial Real Estate Finance (NYSE:ARI - Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The real estate investment trust reported ($2.62) EPS for the quarter. Apollo Commercial Real Estate Finance had a net margin of 55.49% and a return on equity of 7.39%. The firm had revenue of $44.38 million for the quarter. On average, equities research analysts forecast that Apollo Commercial Real Estate Finance will post -0.18 earnings per share for the current year.

Apollo Commercial Real Estate Finance Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $3.75 dividend. This is a positive change from Apollo Commercial Real Estate Finance's previous quarterly dividend of $0.25. This represents a $15.00 annualized dividend and a dividend yield of 219.5%. Apollo Commercial Real Estate Finance's dividend payout ratio (DPR) is presently 125.00%.

Analysts Set New Price Targets

A number of brokerages have issued reports on ARI. Bank of America started coverage on shares of Apollo Commercial Real Estate Finance in a research report on Tuesday, May 5th. They set a "neutral" rating and a $11.50 target price on the stock. Zacks Research cut Apollo Commercial Real Estate Finance from a "hold" rating to a "strong sell" rating in a research note on Monday, August 3rd. Wall Street Zen raised Apollo Commercial Real Estate Finance from a "sell" rating to a "hold" rating in a research report on Saturday. BTIG Research downgraded Apollo Commercial Real Estate Finance from a "buy" rating to a "neutral" rating in a research report on Thursday, June 25th. Finally, Weiss Ratings lowered Apollo Commercial Real Estate Finance from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday, July 30th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $11.33.

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.

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