Invesco Ltd. Has $8.02 Million Stock Position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Invesco Ltd. reduced its stake in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI - Free Report) by 48.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 925,886 shares of the real estate investment trust's stock after selling 878,285 shares during the period. Invesco Ltd. owned 0.67% of Apollo Commercial Real Estate Finance worth $8,018,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of ARI. Barclays PLC grew its stake in Apollo Commercial Real Estate Finance by 65.9% in the 3rd quarter. Barclays PLC now owns 329,462 shares of the real estate investment trust's stock valued at $3,028,000 after buying an additional 130,892 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Apollo Commercial Real Estate Finance by 130.1% in the fourth quarter. JPMorgan Chase & Co. now owns 480,852 shares of the real estate investment trust's stock valued at $4,164,000 after acquiring an additional 271,908 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Apollo Commercial Real Estate Finance in the fourth quarter worth $578,000. Vanguard Group Inc. increased its position in Apollo Commercial Real Estate Finance by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 15,236,601 shares of the real estate investment trust's stock worth $131,949,000 after acquiring an additional 135,785 shares during the period. Finally, Atria Wealth Solutions Inc. boosted its holdings in Apollo Commercial Real Estate Finance by 168.7% in the 4th quarter. Atria Wealth Solutions Inc. now owns 73,992 shares of the real estate investment trust's stock valued at $641,000 after purchasing an additional 46,458 shares during the period. 54.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ARI has been the topic of several research reports. 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. UBS Group decreased their price objective on Apollo Commercial Real Estate Finance from $10.00 to $9.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Keefe, Bruyette & Woods upped their target price on Apollo Commercial Real Estate Finance from $10.00 to $10.50 and gave the company an "outperform" rating in a research note on Tuesday. StockNews.com downgraded shares of Apollo Commercial Real Estate Finance from a "buy" rating to a "hold" rating in a research note on Wednesday, April 23rd. Finally, JMP Securities reissued a "market perform" rating on shares of Apollo Commercial Real Estate Finance in a report on Tuesday. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Apollo Commercial Real Estate Finance currently has a consensus rating of "Hold" and an average price target of $9.88.

Insider Buying and Selling at Apollo Commercial Real Estate Finance

In other Apollo Commercial Real Estate Finance news, Director Carmencita N.M. Whonder sold 11,000 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $9.96, for a total transaction of $109,560.00. Following the sale, the director now owns 9,624 shares of the company's stock, valued at $95,855.04. This represents a 53.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Stuart Rothstein sold 52,074 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $9.99, for a total transaction of $520,219.26. Following the completion of the transaction, the chief executive officer now directly owns 385,928 shares of the company's stock, valued at approximately $3,855,420.72. This represents a 11.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company's stock.

Apollo Commercial Real Estate Finance Price Performance

Apollo Commercial Real Estate Finance stock traded down $0.15 during mid-day trading on Wednesday, hitting $9.37. 1,063,324 shares of the company were exchanged, compared to its average volume of 1,117,788. The business has a fifty day moving average of $9.34 and a 200 day moving average of $9.17. The company has a quick ratio of 51.19, a current ratio of 51.19 and a debt-to-equity ratio of 0.67. Apollo Commercial Real Estate Finance, Inc. has a 1-year low of $7.70 and a 1-year high of $11.20. The company has a market capitalization of $1.30 billion, a PE ratio of -9.86 and a beta of 1.41.

Apollo Commercial Real Estate Finance (NYSE:ARI - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.07. Apollo Commercial Real Estate Finance had a negative net margin of 39.40% and a positive return on equity of 9.37%. As a group, sell-side analysts expect that Apollo Commercial Real Estate Finance, Inc. will post 0.63 earnings per share for the current year.

Apollo Commercial Real Estate Finance Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 10.67%. Apollo Commercial Real Estate Finance's dividend payout ratio is -3,333.33%.

About Apollo Commercial Real Estate Finance

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.