Zurcher Kantonalbank Zurich Cantonalbank reduced its holdings in shares of Apollo Commercial Real Est. Finance Inc (NYSE:ARI) by 14.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,508 shares of the real estate investment trust’s stock after selling 1,060 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Apollo Commercial Real Est. Finance were worth $118,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Bessemer Group Inc. raised its position in Apollo Commercial Real Est. Finance by 100.0% in the fourth quarter. Bessemer Group Inc. now owns 2,945,003 shares of the real estate investment trust’s stock valued at $49,064,000 after purchasing an additional 1,472,373 shares during the last quarter. APG Asset Management N.V. raised its position in Apollo Commercial Real Est. Finance by 147.7% in the fourth quarter. APG Asset Management N.V. now owns 2,063,500 shares of the real estate investment trust’s stock valued at $30,073,000 after purchasing an additional 1,230,600 shares during the last quarter. Bank of New York Mellon Corp raised its position in Apollo Commercial Real Est. Finance by 0.7% in the fourth quarter. Bank of New York Mellon Corp now owns 1,581,523 shares of the real estate investment trust’s stock valued at $26,347,000 after purchasing an additional 11,545 shares during the last quarter. Norges Bank bought a new position in shares of Apollo Commercial Real Est. Finance during the fourth quarter worth about $25,798,000. Finally, Northern Trust Corp raised its position in shares of Apollo Commercial Real Est. Finance by 0.5% during the fourth quarter. Northern Trust Corp now owns 1,513,433 shares of the real estate investment trust’s stock worth $25,214,000 after acquiring an additional 8,062 shares during the last quarter. Institutional investors and hedge funds own 59.40% of the company’s stock.

In other news, CEO Stuart Rothstein sold 24,707 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $18.52, for a total transaction of $457,573.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.65% of the stock is owned by company insiders.

A number of brokerages have recently issued reports on ARI. Zacks Investment Research downgraded Apollo Commercial Real Est. Finance from a “hold” rating to a “sell” rating in a research report on Tuesday, March 26th. Deutsche Bank downgraded Apollo Commercial Real Est. Finance from a “buy” rating to a “hold” rating in a research report on Thursday, February 14th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $19.33.

Shares of ARI traded up $0.08 during mid-day trading on Friday, reaching $18.72. 4,108 shares of the company were exchanged, compared to its average volume of 1,215,323. Apollo Commercial Real Est. Finance Inc has a 52 week low of $16.41 and a 52 week high of $19.57. The company has a debt-to-equity ratio of 0.22, a current ratio of 44.92 and a quick ratio of 44.92. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 11.21 and a beta of 0.64.

Apollo Commercial Real Est. Finance (NYSE:ARI) last issued its quarterly earnings data on Wednesday, April 24th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.04. Apollo Commercial Real Est. Finance had a return on equity of 10.47% and a net margin of 77.15%. The company had revenue of $82.83 million during the quarter, compared to the consensus estimate of $79.70 million. During the same period last year, the company earned $0.43 earnings per share. The firm’s revenue was up 31.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Apollo Commercial Real Est. Finance Inc will post 1.81 EPS for the current year.

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About Apollo Commercial Real Est. Finance

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.

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

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