865,000 Shares in Apollo Commercial Real Estate Finance $ARI Bought by Greenland Capital Management LP

Key Points

• Greenland Capital Management bought 865,000 shares of Apollo Commercial Real Estate Finance during the second quarter, valued at approximately $9.24 million and representing about 0.67% of ARI’s outstanding shares.
• ARI shares opened at $6.89, near their one-year low of $6.43 and well below the 200-day moving average of $9.71. The company reported a quarterly loss of $2.62 per share on $44.38 million in revenue.
• Analyst sentiment is mixed but leans toward caution: ARI has an average rating of “Hold” and an average price target of $11.33, while several firms recently downgraded the stock.

Greenland Capital Management LP purchased a new stake in Apollo Commercial Real Estate Finance (NYSE:ARI - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 865,000 shares of the real estate investment trust's stock, valued at approximately $9,238,000. Apollo Commercial Real Estate Finance accounts for 1.1% of Greenland Capital Management LP's portfolio, making the stock its 20th largest holding. Greenland Capital Management LP owned about 0.67% of Apollo Commercial Real Estate Finance as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Bessemer Group Inc. grew its holdings in shares of Apollo Commercial Real Estate Finance by 388.7% during the first quarter. Bessemer Group Inc. now owns 3,255 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 2,589 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Apollo Commercial Real Estate Finance in the second quarter valued at $47,000. Parallel Advisors LLC raised its holdings in shares of Apollo Commercial Real Estate Finance by 61.7% in the first quarter. Parallel Advisors LLC now owns 4,656 shares of the real estate investment trust's stock valued at $49,000 after buying an additional 1,777 shares during the last quarter. Danske Bank A S bought a new position in shares of Apollo Commercial Real Estate Finance in the third quarter valued at about $50,000. Finally, Markowski Investments acquired a new position in Apollo Commercial Real Estate Finance during the 2nd quarter worth about $55,000. 54.43% of the stock is owned by institutional investors and hedge funds.

Apollo Commercial Real Estate Finance Price Performance

Shares of NYSE:ARI opened at $6.89 on Monday. The stock has a market cap of $885.64 million, a price-to-earnings ratio of 8.61 and a beta of 1.36. The company has a 50 day moving average of $7.75 and a 200-day moving average of $9.71. Apollo Commercial Real Estate Finance has a one year low of $6.43 and a one 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) earnings per share for the quarter. Apollo Commercial Real Estate Finance had a net margin of 55.49% and a return on equity of 7.39%. The business had revenue of $44.38 million during the quarter. Equities research analysts anticipate 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 announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $3.75 per share. This is a boost 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 217.7%. Apollo Commercial Real Estate Finance's payout ratio is presently 125.00%.

Wall Street Analysts Forecast Growth

ARI has been the subject of several research reports. BTIG Research cut shares of Apollo Commercial Real Estate Finance from a "buy" rating to a "neutral" rating in a research report on Thursday, June 25th. Weiss Ratings lowered shares of Apollo Commercial Real Estate Finance from a "hold (c)" rating to a "hold (c-)" rating in a research report on Monday, August 31st. Zacks Research cut shares of Apollo Commercial Real Estate Finance from a "hold" rating to a "strong sell" rating in a research note on Monday, August 3rd. Finally, Wall Street Zen cut Apollo Commercial Real Estate Finance from a "hold" rating to a "sell" rating in a research note on Sunday. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $11.33.

Apollo Commercial Real Estate Finance 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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