Focused Wealth Management Inc buys $695,037 stake in Apollo Commercial Real Est. Finance Inc (ARI)

Apollo Commercial Real Est. Finance Inc (ARI) : Focused Wealth Management Inc scooped up 3,892 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 10, 2016. The investment management firm now holds a total of 42,149 shares of Apollo Commercial Real Est. Finance Inc which is valued at $695,037.Apollo Commercial Real Est. Finance Inc makes up approximately 0.31% of Focused Wealth Management Inc’s portfolio.

Other Hedge Funds, Including , Blackrock Institutional Trust Company N.a. reduced its stake in ARI by selling 6,518 shares or 0.38% in the most recent quarter. The Hedge Fund company now holds 1,707,969 shares of ARI which is valued at $28,164,409.Oppenheimer Co Inc reduced its stake in ARI by selling 3,450 shares or 7.57% in the most recent quarter. The Hedge Fund company now holds 42,124 shares of ARI which is valued at $689,570. Apollo Commercial Real Est. Finance Inc makes up approx 0.02% of Oppenheimer Co Inc’s portfolio.Forum Securities Ltd boosted its stake in ARI in the latest quarter, The investment management firm added 4,200 additional shares and now holds a total of 117,826 shares of Apollo Commercial Real Est. Finance Inc which is valued at $1,900,533. Apollo Commercial Real Est. Finance Inc makes up approx 5.49% of Forum Securities Ltd’s portfolio.California Public Employees Retirement System boosted its stake in ARI in the latest quarter, The investment management firm added 12,800 additional shares and now holds a total of 168,200 shares of Apollo Commercial Real Est. Finance Inc which is valued at $2,713,066. Nisa Investment Advisors sold out all of its stake in ARI during the most recent quarter. The investment firm sold 9,300 shares of ARI which is valued $152,148.

Apollo Commercial Real Est. Finance Inc closed down -0.03 points or -0.18% at $16.25 with 7,10,311 shares getting traded on Friday. Post opening the session at $16.3, the shares hit an intraday low of $16.175 and an intraday high of $16.33 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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