Wespac Advisors Lowers stake in Apollo Commercial Real Est. Finance Inc (ARI)

Apollo Commercial Real Est. Finance Inc (ARI) : Wespac Advisors reduced its stake in Apollo Commercial Real Est. Finance Inc by 2.44% during the most recent quarter end. The investment management company now holds a total of 46,325 shares of Apollo Commercial Real Est. Finance Inc which is valued at $751,855 after selling 1,157 shares in Apollo Commercial Real Est. Finance Inc , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Apollo Commercial Real Est. Finance Inc makes up approximately 0.76% of Wespac Advisors’s portfolio.

Other Hedge Funds, Including , American Century Companies Inc reduced its stake in ARI by selling 97 shares or 0.03% in the most recent quarter. The Hedge Fund company now holds 294,744 shares of ARI which is valued at $4,783,695. Apollo Commercial Real Est. Finance Inc makes up approx 0.01% of American Century Companies Inc’s portfolio.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.Sonora Investment Management boosted its stake in ARI in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 1,400 shares of Apollo Commercial Real Est. Finance Inc which is valued at $22,904. Apollo Commercial Real Est. Finance Inc makes up approx 0.01% of Sonora Investment Management’s portfolio.First Manhattan Co reduced its stake in ARI by selling 200 shares or 16.67% in the most recent quarter. The Hedge Fund company now holds 1,000 shares of ARI which is valued at $16,360.

Apollo Commercial Real Est. Finance Inc opened for trading at $16.22 and hit $16.305 on the upside on Friday, eventually ending the session at $16.25, with a gain of 0.12% or 0.02 points. The heightened volatility saw the trading volume jump to 7,86,715 shares. Company has a market cap of $1,095 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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