64,690 Shares in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Acquired by Alpine Global Management LLC

Alpine Global Management LLC purchased a new stake in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 64,690 shares of the real estate investment trust's stock, valued at approximately $560,000.

A number of other institutional investors have also modified their holdings of the company. Barclays PLC raised its position in Apollo Commercial Real Estate Finance by 65.9% during the 3rd quarter. Barclays PLC now owns 329,462 shares of the real estate investment trust's stock worth $3,028,000 after buying an additional 130,892 shares during the last quarter. JPMorgan Chase & Co. raised 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. Raymond James Financial Inc. acquired a new position in shares of Apollo Commercial Real Estate Finance during the fourth quarter worth about $578,000. Vanguard Group Inc. boosted its holdings in 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 in the last quarter. Finally, Atria Wealth Solutions Inc. lifted its stake in Apollo Commercial Real Estate Finance by 168.7% in the fourth quarter. Atria Wealth Solutions Inc. now owns 73,992 shares of the real estate investment trust's stock valued at $641,000 after buying an additional 46,458 shares during the last quarter. 54.43% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Stuart Rothstein sold 52,074 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $9.99, for a total value of $520,219.26. Following the transaction, the chief executive officer now directly owns 385,928 shares in the company, valued at $3,855,420.72. This trade represents a 11.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $94,800.00. Following the completion of the transaction, the director now owns 60,787 shares in the company, valued at $576,260.76. This represents a 14.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 73,074 shares of company stock valued at $724,579 in the last three months. Insiders own 0.68% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ARI. JMP Securities reiterated a "market perform" rating on shares of Apollo Commercial Real Estate Finance in a research report on Tuesday, April 29th. Wall Street Zen lowered Apollo Commercial Real Estate Finance from a "buy" rating to a "hold" rating in a research note on Wednesday, April 23rd. BTIG Research raised Apollo Commercial Real Estate Finance from a "neutral" rating to a "buy" rating and set a $11.00 price objective on the stock in a research note on Wednesday, April 23rd. UBS Group reiterated a "neutral" rating and set a $10.00 target price (up from $9.00) on shares of Apollo Commercial Real Estate Finance in a report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. lifted 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 investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $10.13.

Apollo Commercial Real Estate Finance Stock Up 1.8%

NYSE:ARI traded up $0.17 during trading hours on Tuesday, hitting $9.80. 826,495 shares of the company's stock traded hands, compared to its average volume of 1,113,613. The firm has a market cap of $1.36 billion, a P/E ratio of -10.32 and a beta of 1.49. Apollo Commercial Real Estate Finance, Inc. has a twelve month low of $7.70 and a twelve month high of $11.20. The company has a debt-to-equity ratio of 0.67, a quick ratio of 51.19 and a current ratio of 51.19. The stock's fifty day moving average price is $9.22 and its two-hundred day moving average price is $9.27.

Apollo Commercial Real Estate Finance Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 10.20%. The ex-dividend date of this dividend was Monday, March 31st. Apollo Commercial Real Estate Finance's payout ratio is currently -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.