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

Alpine Global Management LLC purchased a new stake in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 64,690 shares of the real estate investment trust's stock, valued at approximately $560,000.

Several other hedge funds have also recently bought and sold shares of ARI. Inspire Investing LLC lifted its holdings in shares of Apollo Commercial Real Estate Finance by 3.0% during the 4th quarter. Inspire Investing LLC now owns 46,143 shares of the real estate investment trust's stock valued at $400,000 after buying an additional 1,364 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its stake in shares of Apollo Commercial Real Estate Finance by 4.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 44,663 shares of the real estate investment trust's stock worth $387,000 after purchasing an additional 1,906 shares during the last quarter. LPL Financial LLC raised its holdings in shares of Apollo Commercial Real Estate Finance by 0.8% during the 4th quarter. LPL Financial LLC now owns 278,588 shares of the real estate investment trust's stock valued at $2,413,000 after purchasing an additional 2,164 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Apollo Commercial Real Estate Finance by 9.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 25,746 shares of the real estate investment trust's stock valued at $223,000 after purchasing an additional 2,204 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Apollo Commercial Real Estate Finance by 327.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,045 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 2,332 shares during the last quarter. 54.43% of the stock is owned by hedge funds and other institutional investors.

Apollo Commercial Real Estate Finance Stock Performance

NYSE ARI traded up $0.07 during trading on Wednesday, hitting $9.87. The company's stock had a trading volume of 273,297 shares, compared to its average volume of 1,110,360. The company has a quick ratio of 51.19, a current ratio of 51.19 and a debt-to-equity ratio of 0.67. The firm has a 50 day moving average price of $9.21 and a 200 day moving average price of $9.27. The firm has a market cap of $1.37 billion, a P/E ratio of -10.38 and a beta of 1.49. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.25 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 10.14%. Apollo Commercial Real Estate Finance's payout ratio is -3,333.33%.

Insider Buying and Selling

In related news, CEO Stuart Rothstein sold 52,074 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $9.99, for a total value of $520,219.26. Following the completion of the sale, the chief executive officer now owns 385,928 shares in the company, valued at approximately $3,855,420.72. This trade represents a 11.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark C. Biderman sold 10,000 shares of Apollo Commercial Real Estate Finance stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $9.48, for a total value of $94,800.00. Following the sale, the director now directly owns 60,787 shares in the company, valued at approximately $576,260.76. This trade represents a 14.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,074 shares of company stock valued at $724,579. 0.68% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on ARI shares. Wall Street Zen lowered Apollo Commercial Real Estate Finance from a "buy" rating to a "hold" rating in a report on Wednesday, April 23rd. Keefe, Bruyette & Woods raised their price objective 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, April 29th. BTIG Research raised 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 report on Wednesday, April 23rd. JPMorgan Chase & Co. lifted their price target on shares of Apollo Commercial Real Estate Finance from $8.00 to $9.00 and gave the company a "neutral" rating in a research report on Monday, April 28th. Finally, UBS Group restated a "neutral" rating and issued a $10.00 price objective (up from $9.00) on shares of Apollo Commercial Real Estate Finance in a research note on Wednesday, May 21st. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $10.13.

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.