BlackRock Inc. Takes $127.41 Million Position in Apollo Commercial Real Estate Finance $ARI

BlackRock Inc. acquired a new position in shares of Apollo Commercial Real Estate Finance (NYSE:ARI - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,929,835 shares of the real estate investment trust's stock, valued at approximately $127,411,000. BlackRock Inc. owned approximately 9.12% of Apollo Commercial Real Estate Finance at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in ARI. Bessemer Group Inc. boosted its holdings in Apollo Commercial Real Estate Finance by 388.7% in the first quarter. Bessemer Group Inc. now owns 3,255 shares of the real estate investment trust's stock worth $34,000 after acquiring an additional 2,589 shares in 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 valued at $49,000 after acquiring an additional 1,892 shares during the period. Parallel Advisors LLC increased its holdings in shares of Apollo Commercial Real Estate Finance by 61.7% during the first quarter. Parallel Advisors LLC now owns 4,656 shares of the real estate investment trust's stock valued at $49,000 after acquiring an additional 1,777 shares in the last quarter. Danske Bank A S bought a new stake in shares of Apollo Commercial Real Estate Finance during the third quarter valued at approximately $50,000. Finally, GAMMA Investing LLC raised its position in shares of Apollo Commercial Real Estate Finance by 41.7% during the second quarter. GAMMA Investing LLC now owns 5,395 shares of the real estate investment trust's stock worth $58,000 after purchasing an additional 1,587 shares during the period. 54.43% of the stock is currently owned by institutional investors and hedge funds.

Apollo Commercial Real Estate Finance Trading Down 0.9%

Shares of Apollo Commercial Real Estate Finance stock opened at $6.84 on Friday. The firm has a market capitalization of $879.21 million, a PE ratio of 8.55 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 business's 50-day moving average price is $8.14 and its 200-day moving average price is $9.85.

Apollo Commercial Real Estate Finance (NYSE:ARI - Get Free Report) last issued its earnings results on Monday, August 10th. The real estate investment trust reported ($2.62) earnings per share (EPS) for the quarter. The firm had revenue of $44.38 million during 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, analysts predict 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a $3.75 dividend. This represents a $15.00 dividend on an annualized basis and a yield of 219.3%. 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 presently 125.00%.

Analyst Ratings Changes

ARI has been the subject of several research reports. Wall Street Zen downgraded shares of Apollo Commercial Real Estate Finance from a "hold" rating to a "sell" rating in a research report on Saturday. Bank of America initiated coverage on shares of Apollo Commercial Real Estate Finance in a research note on Tuesday, May 5th. They issued a "neutral" rating and a $11.50 price objective on the stock. Zacks Research cut shares of Apollo Commercial Real Estate Finance from a "hold" rating to a "strong sell" rating in a report on Monday, August 3rd. Weiss Ratings upgraded Apollo Commercial Real Estate Finance from a "sell (d+)" rating to a "hold (c)" rating in a report on Friday, August 14th. Finally, BTIG Research lowered Apollo Commercial Real Estate Finance from a "buy" rating to a "neutral" rating in a research note on Thursday, June 25th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Apollo Commercial Real Estate Finance currently has an average rating of "Hold" and a consensus 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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