Bank of New York Mellon Corp Buys Shares of 633,602 Apollo Commercial Real Estate Finance $ARI

Bank of New York Mellon Corp purchased a new position in shares of Apollo Commercial Real Estate Finance (NYSE:ARI - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 633,602 shares of the real estate investment trust's stock, valued at approximately $6,767,000. Bank of New York Mellon Corp owned approximately 0.48% of Apollo Commercial Real Estate Finance at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ARI. Bessemer Group Inc. boosted its stake in Apollo Commercial Real Estate Finance by 388.7% during the 1st quarter. Bessemer Group Inc. now owns 3,255 shares of the real estate investment trust's stock valued at $34,000 after acquiring an additional 2,589 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Apollo Commercial Real Estate Finance by 60.2% in the fourth quarter. Farther Finance Advisors LLC now owns 5,037 shares of the real estate investment trust's stock worth $49,000 after purchasing an additional 1,892 shares in the last quarter. Parallel Advisors LLC grew its stake in 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 worth $49,000 after purchasing an additional 1,777 shares in the last quarter. Danske Bank A S bought a new stake in Apollo Commercial Real Estate Finance in the third quarter valued at about $50,000. Finally, GAMMA Investing LLC increased its holdings in Apollo Commercial Real Estate Finance by 41.7% in the second quarter. GAMMA Investing LLC now owns 5,395 shares of the real estate investment trust's stock valued at $58,000 after buying an additional 1,587 shares during the last quarter. Institutional investors own 54.43% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on ARI shares. Wall Street Zen lowered Apollo Commercial Real Estate Finance from a "hold" rating to a "sell" rating in a research report on Saturday, August 29th. 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. BTIG Research lowered shares of Apollo Commercial Real Estate Finance from a "buy" rating to a "neutral" rating in a research note on Thursday, June 25th. Finally, Weiss Ratings cut shares of Apollo Commercial Real Estate Finance from a "hold (c)" rating to a "hold (c-)" rating in a report on Monday. Two equities research 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's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $11.33.

Apollo Commercial Real Estate Finance Stock Performance

Shares of NYSE ARI opened at $6.86 on Friday. The company has a market cap of $881.78 million, a price-to-earnings ratio of 8.57 and a beta of 1.36. Apollo Commercial Real Estate Finance has a 12-month low of $6.43 and a 12-month high of $11.24. The stock's 50 day simple moving average is $7.83 and its 200 day simple moving average is $9.73.

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

Apollo Commercial Real Estate Finance Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $3.75 dividend. This represents a $15.00 dividend on an annualized basis and a dividend yield of 218.7%. This is a boost from Apollo Commercial Real Estate Finance's previous quarterly dividend of $0.25. Apollo Commercial Real Estate Finance's dividend payout ratio (DPR) is 125.00%.

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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