Inspire Investing LLC Has $394,000 Stock Holdings in Apollo Commercial Real Estate Finance $ARI

Inspire Investing LLC lifted its holdings in Apollo Commercial Real Estate Finance (NYSE:ARI) by 13.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,686 shares of the real estate investment trust’s stock after buying an additional 4,807 shares during the period. Inspire Investing LLC’s holdings in Apollo Commercial Real Estate Finance were worth $394,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. CWM LLC boosted its position in shares of Apollo Commercial Real Estate Finance by 39.2% in the first quarter. CWM LLC now owns 3,858 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 1,087 shares during the period. Signaturefd LLC boosted its position in shares of Apollo Commercial Real Estate Finance by 55.6% in the second quarter. Signaturefd LLC now owns 4,059 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 1,451 shares during the period. McElhenny Sheffield Capital Management LLC acquired a new stake in shares of Apollo Commercial Real Estate Finance in the second quarter worth $41,000. Smartleaf Asset Management LLC raised its holdings in shares of Apollo Commercial Real Estate Finance by 94.1% during the first quarter. Smartleaf Asset Management LLC now owns 5,909 shares of the real estate investment trust’s stock worth $57,000 after acquiring an additional 2,864 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Apollo Commercial Real Estate Finance by 1,088.1% during the first quarter. GAMMA Investing LLC now owns 9,790 shares of the real estate investment trust’s stock worth $1,023,000 after acquiring an additional 8,966 shares in the last quarter. Institutional investors and hedge funds own 54.43% of the company’s stock.

Apollo Commercial Real Estate Finance Price Performance

NYSE ARI opened at $9.93 on Tuesday. Apollo Commercial Real Estate Finance has a fifty-two week low of $7.70 and a fifty-two week high of $11.11. The stock’s 50-day moving average is $10.34 and its two-hundred day moving average is $9.80. The company has a debt-to-equity ratio of 0.66, a current ratio of 98.25 and a quick ratio of 98.25. The firm has a market cap of $1.38 billion, a P/E ratio of -70.89, a price-to-earnings-growth ratio of 0.28 and a beta of 1.60.

Apollo Commercial Real Estate Finance (NYSE:ARI) last posted its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.02). Apollo Commercial Real Estate Finance had a negative net margin of 1.49% and a positive return on equity of 8.42%. The company had revenue of $43.07 million for the quarter, compared to the consensus estimate of $48.40 million. On average, analysts anticipate that Apollo Commercial Real Estate Finance will post 0.63 earnings per share for the current fiscal year.

Apollo Commercial Real Estate Finance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.25 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.1%. Apollo Commercial Real Estate Finance’s payout ratio is presently -714.29%.

Analysts Set New Price Targets

ARI has been the subject of several recent research reports. Zacks Research lowered Apollo Commercial Real Estate Finance from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 16th. Keefe, Bruyette & Woods increased their price objective on Apollo Commercial Real Estate Finance from $10.75 to $11.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. UBS Group increased their price objective on Apollo Commercial Real Estate Finance from $10.00 to $10.50 and gave the stock a “neutral” rating in a report on Tuesday, July 15th. Finally, Weiss Ratings upgraded Apollo Commercial Real Estate Finance from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $10.38.

Insider Activity at Apollo Commercial Real Estate Finance

In other news, CEO Stuart Rothstein sold 52,073 shares of Apollo Commercial Real Estate Finance stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $10.78, for a total value of $561,346.94. Following the transaction, the chief executive officer directly owned 281,781 shares in the company, valued at approximately $3,037,599.18. The trade was a 15.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.68% of the company’s stock.

Apollo Commercial Real Estate Finance Company Profile

Apollo Commercial Real Estate Finance, Inc operates as a real estate investment trust (REIT) that 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 United Kingdom, and Europe.