Envestnet Asset Management Inc. Sells 382,330 Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Envestnet Asset Management Inc. reduced its position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI - Free Report) by 95.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,883 shares of the real estate investment trust's stock after selling 382,330 shares during the quarter. Envestnet Asset Management Inc.'s holdings in Apollo Commercial Real Estate Finance were worth $164,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Apollo Commercial Real Estate Finance in the fourth quarter worth approximately $3,360,000. JPMorgan Chase & Co. increased its stake in shares of Apollo Commercial Real Estate Finance by 130.1% during 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 buying an additional 271,908 shares during the period. New Age Alpha Advisors LLC purchased a new position in Apollo Commercial Real Estate Finance in the fourth quarter valued at about $1,586,000. Charles Schwab Investment Management Inc. boosted its holdings in 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 acquiring an additional 162,089 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings 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 purchasing an additional 135,785 shares during the period. Hedge funds and other institutional investors own 54.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. BTIG Research raised shares of Apollo Commercial Real Estate Finance from a "neutral" rating to a "buy" rating and set a $11.00 target price for the company in a research note on Wednesday, April 23rd. StockNews.com lowered shares of Apollo Commercial Real Estate Finance from a "buy" rating to a "hold" rating in a research report on Wednesday, April 23rd. JMP Securities reiterated a "market perform" rating on shares of Apollo Commercial Real Estate Finance in a research report on Tuesday, April 29th. UBS Group cut their price target 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, JPMorgan Chase & Co. increased their target price on Apollo Commercial Real Estate Finance from $8.00 to $9.00 and gave the stock a "neutral" rating in a research report on Monday, April 28th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Apollo Commercial Real Estate Finance currently has an average rating of "Hold" and a consensus target price of $9.88.

Insider Activity at Apollo Commercial Real Estate Finance

In other news, Director Mark C. Biderman sold 10,000 shares of the firm's stock in a transaction 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 directly owns 60,787 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Carmencita N.M. Whonder sold 11,000 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $9.96, for a total value of $109,560.00. Following the completion of the sale, the director now directly owns 9,624 shares in the company, valued at $95,855.04. This represents a 53.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 73,074 shares of company stock worth $724,579 in the last three months. 0.68% of the stock is owned by company insiders.

Apollo Commercial Real Estate Finance Stock Performance

NYSE ARI traded up $0.05 during trading hours on Friday, reaching $9.59. The company's stock had a trading volume of 1,006,912 shares, compared to its average volume of 1,111,152. The stock has a market cap of $1.33 billion, a PE ratio of -10.09 and a beta of 1.49. The business has a 50-day simple moving average of $9.25 and a 200 day simple moving average of $9.21. The company has a current ratio of 51.19, a quick ratio of 51.19 and a debt-to-equity ratio of 0.67. Apollo Commercial Real Estate Finance, Inc. has a 52 week low of $7.70 and a 52 week high of $11.20.

Apollo Commercial Real Estate Finance (NYSE:ARI - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.30 earnings per share for the quarter, topping 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%. Equities research analysts predict that Apollo Commercial Real Estate Finance, Inc. will post 0.63 earnings per share for the current fiscal year.

Apollo Commercial Real Estate Finance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 10.43%. The ex-dividend date was Monday, March 31st. Apollo Commercial Real Estate Finance's dividend payout ratio (DPR) is -3,333.33%.

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.