Troluce Capital Advisors LLC Invests $1.11 Million in Apollo Commercial Real Estate Finance $ARI

Troluce Capital Advisors LLC bought a new position in Apollo Commercial Real Estate Finance (NYSE:ARI) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 104,800 shares of the real estate investment trust’s stock, valued at approximately $1,107,000. Troluce Capital Advisors LLC owned about 0.08% of Apollo Commercial Real Estate Finance as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in ARI. GAMMA Investing LLC boosted its stake in Apollo Commercial Real Estate Finance by 60.4% during the 4th 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 during the period. Bessemer Group Inc. lifted its position in shares of Apollo Commercial Real Estate Finance by 388.7% in the 1st quarter. Bessemer Group Inc. now owns 3,255 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 2,589 shares in the last quarter. Parallel Advisors LLC boosted its position in Apollo Commercial Real Estate Finance by 61.7% during the 1st quarter. Parallel Advisors LLC now owns 4,656 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 1,777 shares during the period. Danske Bank A S acquired a new stake in shares of Apollo Commercial Real Estate Finance during the 3rd quarter valued at $50,000. Finally, Farther Finance Advisors LLC increased its holdings in Apollo Commercial Real Estate Finance by 60.2% in the fourth quarter. Farther Finance Advisors LLC now owns 5,037 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 1,892 shares during the last quarter. 54.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Apollo Commercial Real Estate Finance

In related news, Director Carmencita N.M. Whonder sold 4,574 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were 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 of the company’s stock, valued at approximately $271,053.07. This trade represents a 15.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.52% of the stock is owned by corporate insiders.

Apollo Commercial Real Estate Finance Stock Down 0.1%

Apollo Commercial Real Estate Finance stock opened at $6.76 on Monday. The company has a market cap of $884.59 million, a P/E ratio of 8.35 and a beta of 1.35. The company has a fifty day simple moving average of $10.20 and a 200 day simple moving average of $10.46. The company has a current ratio of 81.81, a quick ratio of 81.80 and a debt-to-equity ratio of 0.68. Apollo Commercial Real Estate Finance has a 1-year low of $6.65 and a 1-year high of $11.24.

Apollo Commercial Real Estate Finance (NYSE:ARI) last issued its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.07). The firm had revenue of $58.63 million during the quarter, compared to the consensus estimate of $77.85 million. Apollo Commercial Real Estate Finance had a net margin of 48.01% and a return on equity of 7.87%. Research analysts anticipate that Apollo Commercial Real Estate Finance will post -0.18 earnings per share for the current fiscal year.

Apollo Commercial Real Estate Finance Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $3.75 per share. This represents a $15.00 dividend on an annualized basis and a yield of 221.7%. This is a positive change from Apollo Commercial Real Estate Finance’s previous quarterly dividend of $0.25. Apollo Commercial Real Estate Finance’s payout ratio is 123.46%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Wall Street Zen lowered shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Zacks Research upgraded shares of Apollo Commercial Real Estate Finance from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. BTIG Research cut shares of Apollo Commercial Real Estate Finance from a “buy” rating to a “neutral” rating in a research report on Thursday, June 25th. Bank of America began coverage on shares of Apollo Commercial Real Estate Finance in a research report on Tuesday, May 5th. They set a “neutral” rating and a $11.50 target price on the stock. Finally, Weiss Ratings lowered Apollo Commercial Real Estate Finance from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 16th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $11.33.

About Apollo Commercial Real Estate Finance

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.