Atlantic Trust LLC reduced its holdings in Apollo Commercial Real Est. Finance Inc (NYSE:ARI) by 48.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 14,427 shares of the real estate investment trust’s stock after selling 13,354 shares during the quarter. Atlantic Trust LLC’s holdings in Apollo Commercial Real Est. Finance were worth $264,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in ARI. Rhumbline Advisers increased its holdings in shares of Apollo Commercial Real Est. Finance by 10.0% in the first quarter. Rhumbline Advisers now owns 280,704 shares of the real estate investment trust’s stock worth $5,047,000 after acquiring an additional 25,505 shares in the last quarter. Comerica Bank increased its holdings in shares of Apollo Commercial Real Est. Finance by 11.8% in the first quarter. Comerica Bank now owns 137,013 shares of the real estate investment trust’s stock worth $2,446,000 after acquiring an additional 14,482 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Apollo Commercial Real Est. Finance by 175.0% in the first quarter. SG Americas Securities LLC now owns 18,104 shares of the real estate investment trust’s stock worth $326,000 after acquiring an additional 11,521 shares in the last quarter. Mackay Shields LLC bought a new stake in shares of Apollo Commercial Real Est. Finance in the first quarter worth about $1,487,000. Finally, American Century Companies Inc. bought a new stake in shares of Apollo Commercial Real Est. Finance in the first quarter worth about $218,000. Institutional investors own 71.31% of the company’s stock.

Shares of Apollo Commercial Real Est. Finance stock opened at $19.39 on Tuesday. Apollo Commercial Real Est. Finance Inc has a 1 year low of $17.56 and a 1 year high of $19.57. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of 12.60 and a beta of 0.49. The company has a quick ratio of 46.70, a current ratio of 46.70 and a debt-to-equity ratio of 0.25.

Apollo Commercial Real Est. Finance (NYSE:ARI) last posted its quarterly earnings data on Wednesday, July 25th. The real estate investment trust reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.03. The company had revenue of $70.77 million during the quarter, compared to analysts’ expectations of $72.58 million. Apollo Commercial Real Est. Finance had a return on equity of 9.77% and a net margin of 78.14%. Apollo Commercial Real Est. Finance’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.46 earnings per share. research analysts predict that Apollo Commercial Real Est. Finance Inc will post 1.73 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 28th will be given a dividend of $0.46 per share. The ex-dividend date is Thursday, September 27th. This represents a $1.84 annualized dividend and a dividend yield of 9.49%. Apollo Commercial Real Est. Finance’s dividend payout ratio is currently 119.48%.

Separately, Zacks Investment Research upgraded Apollo Commercial Real Est. Finance from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Thursday, June 14th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $21.00.

In other news, Director Mark C. Biderman sold 10,000 shares of the company’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $19.45, for a total transaction of $194,500.00. Following the completion of the transaction, the director now directly owns 56,718 shares of the company’s stock, valued at $1,103,165.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Scott Prince sold 30,000 shares of the company’s stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $19.36, for a total value of $580,800.00. Following the transaction, the director now directly owns 45,132 shares of the company’s stock, valued at $873,755.52. The disclosure for this sale can be found here. 0.65% of the stock is owned by corporate insiders.

Apollo Commercial Real Est. Finance Company Profile

Apollo Commercial Real Estate Finance, Inc operates as a real estate investment trust (REIT) that primarily 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 company is qualified as a REIT under the Internal Revenue Code.

Featured Story: Outstanding Shares

Want to see what other hedge funds are holding ARI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apollo Commercial Real Est. Finance Inc (NYSE:ARI).

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

Receive News & Ratings for Apollo Commercial Real Est. Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apollo Commercial Real Est. Finance and related companies with MarketBeat.com's FREE daily email newsletter.