Wesley Capital Management buys $8,976,000 stake in Apollo Commercial Real Est. Finance Inc (ARI)

Apollo Commercial Real Est. Finance Inc (ARI) : Wesley Capital Management scooped up 45,000 additional shares in Apollo Commercial Real Est. Finance Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 550,000 shares of Apollo Commercial Real Est. Finance Inc which is valued at $8,976,000.Apollo Commercial Real Est. Finance Inc makes up approximately 9.74% of Wesley Capital Management’s portfolio.

Other Hedge Funds, Including , Ubs Asset Management Americas Inc boosted its stake in ARI in the latest quarter, The investment management firm added 3,900 additional shares and now holds a total of 30,058 shares of Apollo Commercial Real Est. Finance Inc which is valued at $492,049.Los Angeles Capital Management Equity Research Inc boosted its stake in ARI in the latest quarter, The investment management firm added 11,635 additional shares and now holds a total of 186,015 shares of Apollo Commercial Real Est. Finance Inc which is valued at $3,045,066. Apollo Commercial Real Est. Finance Inc makes up approx 0.03% of Los Angeles Capital Management Equity Research Inc’s portfolio.Lsv Asset Management reduced its stake in ARI by selling 11,200 shares or 0.59% in the most recent quarter. The Hedge Fund company now holds 1,888,463 shares of ARI which is valued at $30,895,255. Apollo Commercial Real Est. Finance Inc makes up approx 0.06% of Lsv Asset Management’s portfolio.Wespac Advisors reduced its stake in ARI by selling 1,157 shares or 2.44% in the most recent quarter. The Hedge Fund company now holds 46,325 shares of ARI which is valued at $751,855. Apollo Commercial Real Est. Finance Inc makes up approx 0.76% of Wespac Advisors’s portfolio.

Apollo Commercial Real Est. Finance Inc opened for trading at $16.22 and hit $16.3499 on the upside on Wednesday, eventually ending the session at $16.28, with a gain of 0.25% or 0.04 points. The heightened volatility saw the trading volume jump to 5,59,878 shares. Company has a market cap of $1,097 M.

On the company’s financial health, Apollo Commercial Real Est. Finance Inc reported $0.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.49. The company had revenue of $46.80 million for the quarter, compared to analysts expectations of $45.42 million. The company’s revenue was up 63.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS.

Apollo Commercial Real Estate Finance Inc. is a real estate investment trust (REIT). The Company is focused primarily on originating investing in acquiring and managing performing commercial first mortgage loans subordinate financings commercial mortgage-backed securities (CMBS) and other commercial real estate-related debt investments. The Company’s principal business objective is to make investments in its target assets in order to provide attractive risk adjusted returns to its stockholders over the long term primarily through dividends and secondarily through capital appreciation. The Company is externally managed and advised by ACREFI Management LLC an indirect subsidiary of Apollo Global Management LLC.

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