Greenland Capital Management LP Makes New $9.24 Million Investment in Apollo Commercial Real Estate Finance $ARI

Greenland Capital Management LP acquired a new stake in Apollo Commercial Real Estate Finance (NYSE:ARI) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 865,000 shares of the real estate investment trust’s stock, valued at approximately $9,238,000. Apollo Commercial Real Estate Finance makes up about 1.1% of Greenland Capital Management LP’s portfolio, making the stock its 16th largest holding.

A number of other institutional investors have also recently modified their holdings of the stock. Bessemer Group Inc. grew its holdings in shares of 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 worth $34,000 after purchasing an additional 2,589 shares in the last quarter. Farther Finance Advisors LLC raised 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 purchasing an additional 1,892 shares in the last quarter. Parallel Advisors LLC raised 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 valued at $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 during the third quarter worth about $50,000. Finally, GAMMA Investing LLC lifted its position in 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.

Wall Street Analysts Forecast Growth

ARI has been the topic of a number of analyst reports. Bank of America started coverage on shares of Apollo Commercial Real Estate Finance in a research note on Tuesday, May 5th. They set a “neutral” rating and a $11.50 price objective on the stock. 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. Wall Street Zen raised shares of Apollo Commercial Real Estate Finance from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings upgraded shares of Apollo Commercial Real Estate Finance from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, August 14th. Finally, Zacks Research lowered shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “strong sell” rating in a research report on Monday, August 3rd. Two equities 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 stock. According to MarketBeat, Apollo Commercial Real Estate Finance presently has an average rating of “Hold” and a consensus target price of $11.33.

Apollo Commercial Real Estate Finance Stock Down 0.3%

Shares of ARI stock opened at $6.92 on Friday. Apollo Commercial Real Estate Finance has a twelve month low of $6.43 and a twelve month high of $11.24. The company has a market cap of $887.21 million, a P/E ratio of 8.65 and a beta of 1.36. The business has a fifty day simple moving average of $8.54 and a 200 day simple moving average of $9.98.

Apollo Commercial Real Estate Finance (NYSE:ARI) last released its earnings results on Monday, August 10th. The real estate investment trust reported ($2.62) earnings per share (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 business had revenue of $44.38 million during the quarter. As a group, equities research analysts anticipate 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 business 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 an increase from Apollo Commercial Real Estate Finance’s previous quarterly dividend of $0.25. This represents a $15.00 dividend on an annualized basis and a dividend yield of 216.8%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is presently 125.00%.

About Apollo Commercial Real Estate Finance

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.