Apollo Commercial Real Estate Finance (ARI) Shares Bought by ClariVest Asset Management LLC

ClariVest Asset Management LLC increased its holdings in shares of Apollo Commercial Real Estate Finance (NYSE:ARI) by 3.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 304,900 shares of the real estate investment trust’s stock after purchasing an additional 10,200 shares during the quarter. ClariVest Asset Management LLC owned approximately 0.28% of Apollo Commercial Real Estate Finance worth $5,523,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. QS Investors LLC grew its position in shares of Apollo Commercial Real Estate Finance by 36.6% during the second quarter. QS Investors LLC now owns 41,894 shares of the real estate investment trust’s stock worth $777,000 after purchasing an additional 11,215 shares in the last quarter. Pictet North America Advisors SA bought a new position in Apollo Commercial Real Estate Finance during the second quarter valued at approximately $1,670,000. Banque Pictet & Cie SA bought a new position in Apollo Commercial Real Estate Finance during the second quarter valued at approximately $1,670,000. Ameriprise Financial Inc. bought a new position in Apollo Commercial Real Estate Finance during the second quarter valued at approximately $10,140,000. Finally, Prudential Financial Inc. boosted its stake in Apollo Commercial Real Estate Finance by 27.2% during the second quarter. Prudential Financial Inc. now owns 530,048 shares of the real estate investment trust’s stock valued at $9,832,000 after buying an additional 113,190 shares during the last quarter. Hedge funds and other institutional investors own 64.68% of the company’s stock.

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Separately, Zacks Investment Research raised Apollo Commercial Real Estate Finance from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Wednesday, October 25th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Apollo Commercial Real Estate Finance currently has an average rating of “Hold” and an average target price of $19.33.

Shares of Apollo Commercial Real Estate Finance (NYSE ARI) traded up $0.08 during trading on Friday, reaching $18.41. The company had a trading volume of 849,275 shares, compared to its average volume of 1,010,265. Apollo Commercial Real Estate Finance has a 52 week low of $16.46 and a 52 week high of $19.92. The company has a market capitalization of $1,972.10, a price-to-earnings ratio of 9.79 and a beta of 0.63. The company has a debt-to-equity ratio of 0.83, a quick ratio of 291.34 and a current ratio of 291.34.

Apollo Commercial Real Estate Finance (NYSE:ARI) last announced its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.05. The company had revenue of $71.24 million during the quarter, compared to analyst estimates of $66.40 million. Apollo Commercial Real Estate Finance had a return on equity of 10.32% and a net margin of 86.07%. The firm’s revenue was up 33.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.45 earnings per share. sell-side analysts predict that Apollo Commercial Real Estate Finance will post 1.61 earnings per share for the current year.

Apollo Commercial Real Estate Finance Profile

Apollo Commercial Real Estate Finance, Inc is a real estate investment trust. The Company primarily originates, acquires, invests in and manages performing commercial first mortgage loans, subordinate financings, commercial mortgage-backed securities (CMBS) and other commercial real estate-related debt investments.

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Institutional Ownership by Quarter for Apollo Commercial Real Estate Finance (NYSE:ARI)

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