Cura Wealth Advisors LLC Makes New Investment in Apollo Commercial Real Estate Finance $ARI

Cura Wealth Advisors LLC bought a new position in Apollo Commercial Real Estate Finance (NYSE:ARIFree Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 275,833 shares of the real estate investment trust’s stock, valued at approximately $2,946,000. Apollo Commercial Real Estate Finance comprises 1.3% of Cura Wealth Advisors LLC’s portfolio, making the stock its 13th biggest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Smartleaf Asset Management LLC grew its holdings in shares of Apollo Commercial Real Estate Finance by 18.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 7,462 shares of the real estate investment trust’s stock valued at $74,000 after purchasing an additional 1,183 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Apollo Commercial Real Estate Finance by 8.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 19,328 shares of the real estate investment trust’s stock valued at $187,000 after purchasing an additional 1,582 shares during the last quarter. GAMMA Investing LLC lifted its stake in Apollo Commercial Real Estate Finance by 41.7% in the 2nd quarter. GAMMA Investing LLC now owns 5,395 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 1,587 shares during the last quarter. Samalin Investment Counsel LLC boosted its position in Apollo Commercial Real Estate Finance by 2.1% in the fourth quarter. Samalin Investment Counsel LLC now owns 83,682 shares of the real estate investment trust’s stock valued at $810,000 after buying an additional 1,751 shares in the last quarter. Finally, Parallel Advisors LLC grew its stake 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 worth $49,000 after buying an additional 1,777 shares during the last quarter. 54.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on ARI. Wall Street Zen upgraded shares of Apollo Commercial Real Estate Finance from a “sell” rating to a “hold” rating in a report on Saturday. Zacks Research downgraded Apollo Commercial Real Estate Finance from a “hold” rating to a “strong sell” rating in a report on Monday, August 3rd. Weiss Ratings lowered Apollo Commercial Real Estate Finance from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, July 30th. Bank of America initiated coverage on Apollo Commercial Real Estate Finance in a report on Tuesday, May 5th. They issued a “neutral” rating and a $11.50 target price for the company. Finally, BTIG Research downgraded Apollo Commercial Real Estate Finance from a “buy” rating to a “neutral” rating in a research report on Thursday, June 25th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $11.33.

View Our Latest Stock Report on Apollo Commercial Real Estate Finance

Apollo Commercial Real Estate Finance Price Performance

ARI opened at $6.83 on Monday. Apollo Commercial Real Estate Finance has a fifty-two week low of $6.43 and a fifty-two week high of $11.24. The company’s 50 day moving average price is $8.93 and its two-hundred day moving average price is $10.11. The firm has a market capitalization of $876.32 million, a price-to-earnings ratio of 8.54 and a beta of 1.36.

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

Apollo Commercial Real Estate Finance Increases Dividend

The business 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 yield of 219.5%. This is an increase from Apollo Commercial Real Estate Finance’s previous quarterly dividend of $0.25. Apollo Commercial Real Estate Finance’s dividend payout ratio is presently 125.00%.

Apollo Commercial Real Estate Finance Profile

(Free Report)

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.

Further Reading

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

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