Northern Trust Corp Acquires 226,399 Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Northern Trust Corp increased its holdings in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI - Free Report) by 14.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,745,469 shares of the real estate investment trust's stock after purchasing an additional 226,399 shares during the quarter. Northern Trust Corp owned approximately 1.26% of Apollo Commercial Real Estate Finance worth $15,116,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ARI. Norges Bank acquired a new stake in Apollo Commercial Real Estate Finance in the fourth quarter valued at $3,360,000. JPMorgan Chase & Co. grew its holdings in Apollo Commercial Real Estate Finance by 130.1% in the 4th quarter. JPMorgan Chase & Co. now owns 480,852 shares of the real estate investment trust's stock valued at $4,164,000 after buying an additional 271,908 shares during the period. New Age Alpha Advisors LLC acquired a new position in shares of Apollo Commercial Real Estate Finance during the fourth quarter worth about $1,586,000. Charles Schwab Investment Management Inc. boosted its position in shares of Apollo Commercial Real Estate Finance by 7.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,263,378 shares of the real estate investment trust's stock worth $19,601,000 after buying an additional 162,089 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Apollo Commercial Real Estate Finance by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 15,236,601 shares of the real estate investment trust's stock valued at $131,949,000 after buying an additional 135,785 shares in the last quarter. Hedge funds and other institutional investors own 54.43% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. JMP Securities reissued a "market perform" rating on shares of Apollo Commercial Real Estate Finance in a research report on Tuesday, April 29th. Keefe, Bruyette & Woods raised their price target on shares of Apollo Commercial Real Estate Finance from $10.00 to $10.50 and gave the company an "outperform" rating in a report on Tuesday, April 29th. JPMorgan Chase & Co. boosted their price objective on shares of Apollo Commercial Real Estate Finance from $8.00 to $9.00 and gave the stock a "neutral" rating in a report on Monday, April 28th. UBS Group lowered their price objective on Apollo Commercial Real Estate Finance from $10.00 to $9.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Finally, StockNews.com cut Apollo Commercial Real Estate Finance from a "buy" rating to a "hold" rating in a research report on Wednesday, April 23rd. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, Apollo Commercial Real Estate Finance currently has a consensus rating of "Hold" and an average target price of $9.88.

Apollo Commercial Real Estate Finance Price Performance

Shares of Apollo Commercial Real Estate Finance stock traded down $0.06 during trading on Monday, hitting $9.88. The stock had a trading volume of 830,125 shares, compared to its average volume of 1,112,779. The business has a fifty day moving average of $9.24 and a two-hundred day moving average of $9.24. The company has a debt-to-equity ratio of 0.67, a current ratio of 51.19 and a quick ratio of 51.19. Apollo Commercial Real Estate Finance, Inc. has a fifty-two week low of $7.70 and a fifty-two week high of $11.20. The firm has a market cap of $1.37 billion, a P/E ratio of -10.40 and a beta of 1.49.

Apollo Commercial Real Estate Finance Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 10.12%. The ex-dividend date was Monday, March 31st. Apollo Commercial Real Estate Finance's payout ratio is -3,333.33%.

Insider Buying and Selling

In other Apollo Commercial Real Estate Finance news, Director Mark C. Biderman sold 10,000 shares of the stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $9.48, for a total transaction of $94,800.00. Following the transaction, the director now owns 60,787 shares in the company, valued at $576,260.76. This trade represents a 14.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Carmencita N.M. Whonder sold 11,000 shares of Apollo Commercial Real Estate Finance stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $9.96, for a total transaction of $109,560.00. Following the completion of the transaction, the director now owns 9,624 shares in the company, valued at $95,855.04. This trade represents a 53.34% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 73,074 shares of company stock valued at $724,579. Corporate insiders own 0.68% of the company's stock.

Apollo Commercial Real Estate Finance Company Profile

Apollo Commercial Real Estate Finance, Inc operates as a real estate investment trust (REIT) that originates, acquires, invests in, and manages commercial first mortgage loans, subordinate financings, and other commercial real estate-related debt investments in the United States, the United Kingdom, and Europe.