Apollo Commercial Real Estate Finance $ARI is Cura Wealth Advisors LLC's 5th Largest Position

Key Points

• Cura Wealth Advisors LLC increased its stake in Apollo Commercial Real Estate Finance by 23% in Q1, holding approximately 847,300 shares, making it their 5th largest investment.
• Recent insider trading saw CEO Stuart Rothstein sell 52,074 shares for about $511,887, reducing his ownership by 13.49% to approximately 333,854 shares.
• Analysts have set a consensus rating of "Hold" for Apollo Commercial Real Estate Finance, with a target price averaging around $10.31, while they recently raised price objectives for the stock.

Cura Wealth Advisors LLC lifted its stake in shares of Apollo Commercial Real Estate Finance (NYSE:ARI - Free Report) by 23.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 847,300 shares of the real estate investment trust's stock after purchasing an additional 158,200 shares during the period. Apollo Commercial Real Estate Finance comprises 3.3% of Cura Wealth Advisors LLC's investment portfolio, making the stock its 5th biggest position. Cura Wealth Advisors LLC owned about 0.61% of Apollo Commercial Real Estate Finance worth $8,109,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the business. Palogic Value Management L.P. grew its stake in Apollo Commercial Real Estate Finance by 6.4% during the 1st quarter. Palogic Value Management L.P. now owns 127,835 shares of the real estate investment trust's stock valued at $1,223,000 after acquiring an additional 7,701 shares in the last quarter. State of Wyoming purchased a new position in shares of Apollo Commercial Real Estate Finance during the first quarter worth $251,000. Samalin Investment Counsel LLC boosted its stake in shares of Apollo Commercial Real Estate Finance by 27.3% in the first quarter. Samalin Investment Counsel LLC now owns 76,485 shares of the real estate investment trust's stock valued at $732,000 after purchasing an additional 16,394 shares during the period. Smartleaf Asset Management LLC boosted its position in Apollo Commercial Real Estate Finance by 94.1% in the 1st quarter. Smartleaf Asset Management LLC now owns 5,909 shares of the real estate investment trust's stock valued at $57,000 after buying an additional 2,864 shares during the period. Finally, Kestra Advisory Services LLC boosted its holdings in Apollo Commercial Real Estate Finance by 1.7% in the first quarter. Kestra Advisory Services LLC now owns 89,450 shares of the real estate investment trust's stock valued at $856,000 after purchasing an additional 1,498 shares during the period. Hedge funds and other institutional investors own 54.43% of the company's stock.

Insider Buying and Selling

In related news, CEO Stuart Rothstein sold 52,074 shares of the business's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $9.83, for a total value of $511,887.42. Following the completion of the sale, the chief executive officer directly owned 333,854 shares in the company, valued at approximately $3,281,784.82. The trade was a 13.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.68% of the stock is owned by company insiders.

Apollo Commercial Real Estate Finance Price Performance

NYSE:ARI traded up $0.19 during mid-day trading on Wednesday, hitting $10.69. 676,904 shares of the company's stock traded hands, compared to its average volume of 684,452. The company has a debt-to-equity ratio of 0.66, a quick ratio of 98.25 and a current ratio of 98.25. The firm's 50 day simple moving average is $10.00 and its 200 day simple moving average is $9.70. Apollo Commercial Real Estate Finance has a 1 year low of $7.70 and a 1 year high of $10.71. The company has a market cap of $1.49 billion, a PE ratio of 10.18, a price-to-earnings-growth ratio of 0.31 and a beta of 1.57.

Apollo Commercial Real Estate Finance Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.4%. Apollo Commercial Real Estate Finance's payout ratio is currently -714.29%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ARI shares. Keefe, Bruyette & Woods lifted their price target on shares of Apollo Commercial Real Estate Finance from $10.50 to $10.75 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. UBS Group boosted their price objective on Apollo Commercial Real Estate Finance from $10.00 to $10.50 and gave the company a "neutral" rating in a research note on Tuesday, July 15th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, Apollo Commercial Real Estate Finance presently has an average rating of "Hold" and an average target price of $10.31.

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.