Forum Securities Ltd buys $1,900,533 stake in Apollo Commercial Real Est. Finance Inc (ARI)

Apollo Commercial Real Est. Finance Inc (ARI) : Forum Securities Ltd scooped up 4,200 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 3, 2016. The investment management firm 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 approximately 5.49% of Forum Securities Ltd’s portfolio.

Other Hedge Funds, Including , Strs Ohio boosted its stake in ARI in the latest quarter, The investment management firm added 900 additional shares and now holds a total of 19,600 shares of Apollo Commercial Real Est. Finance Inc which is valued at $318,108.Shell Asset Management Co reduced its stake in ARI by selling 5,709 shares or 5.38% in the most recent quarter. The Hedge Fund company now holds 100,458 shares of ARI which is valued at $1,630,433. Apollo Commercial Real Est. Finance Inc makes up approx 0.04% of Shell Asset Management Co’s portfolio.Creative Planning reduced its stake in ARI by selling 62 shares or 5.51% in the most recent quarter. The Hedge Fund company now holds 1,064 shares of ARI which is valued at $17,226.Bnp Paribas Arbitrage Sa boosted its stake in ARI in the latest quarter, The investment management firm added 13,853 additional shares and now holds a total of 53,161 shares of Apollo Commercial Real Est. Finance Inc which is valued at $850,044.

Apollo Commercial Real Est. Finance Inc closed down -0.04 points or -0.24% at $16.32 with 7,79,370 shares getting traded on Monday. Post opening the session at $16.41, the shares hit an intraday low of $16.29 and an intraday high of $16.48 and the price fluctuated in this range throughout the day.Shares ended Monday 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *