Apollo Commercial Real Est. Finance Inc (NYSE:ARI) is Orinda Asset Management LLC’s 2nd Largest Position

Orinda Asset Management LLC raised its holdings in shares of Apollo Commercial Real Est. Finance Inc (NYSE:ARI) by 61.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 339,939 shares of the real estate investment trust’s stock after acquiring an additional 129,939 shares during the quarter. Apollo Commercial Real Est. Finance makes up 8.4% of Orinda Asset Management LLC’s investment portfolio, making the stock its 2nd largest position. Orinda Asset Management LLC’s holdings in Apollo Commercial Real Est. Finance were worth $6,251,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Marshall Wace North America L.P. purchased a new stake in shares of Apollo Commercial Real Est. Finance during the first quarter worth about $25,000. Osborn Williams & Donohoe LLC acquired a new stake in shares of Apollo Commercial Real Est. Finance in the first quarter worth approximately $33,000. Advisory Alpha LLC acquired a new stake in shares of Apollo Commercial Real Est. Finance in the first quarter worth approximately $45,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Apollo Commercial Real Est. Finance in the first quarter worth approximately $93,000. Finally, Meeder Asset Management Inc. boosted its position in shares of Apollo Commercial Real Est. Finance by 159.3% in the first quarter. Meeder Asset Management Inc. now owns 5,445 shares of the real estate investment trust’s stock worth $99,000 after acquiring an additional 3,345 shares during the last quarter. Hedge funds and other institutional investors own 58.93% of the company’s stock.

Shares of ARI traded up $0.09 during mid-day trading on Friday, hitting $18.63. The company had a trading volume of 31,187 shares, compared to its average volume of 1,042,702. The business’s 50-day simple moving average is $18.62 and its 200-day simple moving average is $18.50. The company has a quick ratio of 44.69, a current ratio of 44.69 and a debt-to-equity ratio of 0.39. Apollo Commercial Real Est. Finance Inc has a 1-year low of $16.41 and a 1-year high of $19.57. The stock has a market cap of $2.86 billion, a PE ratio of 11.16 and a beta of 0.61.

Apollo Commercial Real Est. Finance (NYSE:ARI) last released its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.01. Apollo Commercial Real Est. Finance had a net margin of 75.64% and a return on equity of 10.22%. The business had revenue of $84.99 million for the quarter, compared to analysts’ expectations of $82.63 million. During the same period last year, the company earned $0.44 earnings per share. The company’s quarterly revenue was up 20.1% on a year-over-year basis. On average, sell-side analysts expect that Apollo Commercial Real Est. Finance Inc will post 1.71 earnings per share for the current year.

Separately, Zacks Investment Research cut shares of Apollo Commercial Real Est. Finance from a “hold” rating to a “sell” rating in a research report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $19.33.

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.

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

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