Purpose Unlimited Inc. Invests $2.39 Million in Apollo Commercial Real Estate Finance $ARI

Purpose Unlimited Inc. purchased a new position in Apollo Commercial Real Estate Finance (NYSE:ARIFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 247,178 shares of the real estate investment trust’s stock, valued at approximately $2,393,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in ARI. GAMMA Investing LLC raised its position in Apollo Commercial Real Estate Finance by 60.4% during the fourth quarter. GAMMA Investing LLC now owns 2,832 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 1,066 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Apollo Commercial Real Estate Finance by 18.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 7,462 shares of the real estate investment trust’s stock worth $74,000 after purchasing an additional 1,183 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Apollo Commercial Real Estate Finance by 18.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 8,346 shares of the real estate investment trust’s stock worth $85,000 after buying an additional 1,308 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Apollo Commercial Real Estate Finance by 8.9% in the second quarter. Envestnet Asset Management Inc. now owns 19,328 shares of the real estate investment trust’s stock valued at $187,000 after acquiring an additional 1,582 shares during the last quarter. Finally, Samalin Investment Counsel LLC boosted its stake in shares of Apollo Commercial Real Estate Finance by 2.1% in the 4th quarter. Samalin Investment Counsel LLC now owns 83,682 shares of the real estate investment trust’s stock valued at $810,000 after purchasing an additional 1,751 shares during the last quarter. 54.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Wall Street Zen cut Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Bank of America assumed coverage on Apollo Commercial Real Estate Finance in a research report on Tuesday, May 5th. They issued a “neutral” rating and a $11.50 target price for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Apollo Commercial Real Estate Finance in a research note on Friday, May 22nd. Finally, Zacks Research upgraded Apollo Commercial Real Estate Finance from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Apollo Commercial Real Estate Finance has a consensus rating of “Hold” and a consensus target price of $11.12.

Read Our Latest Stock Report on ARI

Insider Activity at Apollo Commercial Real Estate Finance

In other news, Director Carmencita N.M. Whonder sold 4,574 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $10.93, for a total value of $49,993.82. Following the transaction, the director owned 24,799 shares in the company, valued at $271,053.07. The trade was a 15.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.52% of the stock is currently owned by corporate insiders.

Apollo Commercial Real Estate Finance Stock Performance

NYSE ARI opened at $10.85 on Friday. The company has a fifty day moving average price of $10.94 and a 200-day moving average price of $10.54. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 13.39 and a beta of 1.35. The company has a debt-to-equity ratio of 0.68, a current ratio of 81.81 and a quick ratio of 81.80. Apollo Commercial Real Estate Finance has a 1 year low of $9.49 and a 1 year high of $11.24.

Apollo Commercial Real Estate Finance (NYSE:ARIGet Free Report) last released its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.07). Apollo Commercial Real Estate Finance had a net margin of 48.01% and a return on equity of 7.87%. The firm had revenue of $58.63 million for the quarter, compared to the consensus estimate of $77.85 million. As a group, equities research analysts predict that Apollo Commercial Real Estate Finance will post 0.88 EPS for the current fiscal year.

Apollo Commercial Real Estate Finance Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a $3.75 dividend. This is a positive change from Apollo Commercial Real Estate Finance’s previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, June 30th. This represents a $15.00 annualized dividend and a yield of 138.3%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is 1,851.85%.

About Apollo Commercial Real Estate Finance

(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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