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Apollo Commercial Discloses 2016 Transaction Activities


Apollo Commercial Real Estate Finance, Inc. ARI disclosed its 2016 transaction activities. In fact, during the year, the company committed to and funded more than $1.4 billion investments. Moreover, the company sold the remaining assets of Apollo Residential Mortgage, Inc., which fetched around $33 million of additional capital. With the closing of this acquisition and the common stock offering in Dec 2016, the company infused equity capital of $2 billion in 2016.

Apollo Commercial focuses on investing in, acquiring and managing senior performing commercial real estate mortgage loans, commercial mortgage-backed securities, commercial real estate corporate debt and loans, and other real estate debt investments. The $1.4 billion of commercial real estate loan transactions in 2016 included first mortgage loan of $860.8 million, subordinate loans of $430.3 million and $140.1 million funding for previous loans.

Shares of Apollo Commercial underperformed the Zacks categorized REIT and Equity Trust-Mortgage industry, over the past one year. During the same time span, shares of the company gained 11.9%, whereas the industry grew 25.7%. Over the past 30 days, its current-year estimates declined 0.2% to $4.54 per share.

Apollo Commercial currently carries a Zacks Rank #4 (Sell).

Some better-ranked stocks in the same space include AG Mortgage Investment Trust, Inc. MITT, AGNC Investment Corp. AGNC and Annaly Capital Management, Inc. NLY. All these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

AG Mortgage Investment Trust’s 2016 estimates have moved up 9% to $1.81 per share, over the past 60 days.

AGNC Investment’s 2016 estimates have moved up 2.6%, over the past 60 days to $2.36 per share.

Annaly’s 2016 estimates have moved up 0.9%, over the past 60 days to $1.17 per share.

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