Victory Capital Management Inc. Has $953,000 Stake in Apollo Commercial Real Estate Finance (NYSE:ARI)

Key Points

• Victory Capital Management Inc. decreased its stake in Apollo Commercial Real Estate Finance by 60.6%, holding 99,535 shares valued at $953,000 after selling 153,074 shares in the first quarter.
• Several institutional investors, including Vanguard Group Inc. and JPMorgan Chase & Co., have increased their positions in Apollo Commercial Real Estate Finance, reflecting significant institutional interest in the company.
• Apollo Commercial Real Estate Finance's stock recently traded at $9.77, with a twelve-month price range of $7.70 to $10.61, and it pays a quarterly dividend yielding 10.2%.

Victory Capital Management Inc. decreased its holdings in shares of Apollo Commercial Real Estate Finance (NYSE:ARI - Free Report) by 60.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,535 shares of the real estate investment trust's stock after selling 153,074 shares during the quarter. Victory Capital Management Inc. owned about 0.07% of Apollo Commercial Real Estate Finance worth $953,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. CWM LLC grew its holdings in Apollo Commercial Real Estate Finance by 39.2% during the first quarter. CWM LLC now owns 3,858 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 1,087 shares during the period. AlphaCore Capital LLC boosted its holdings in shares of Apollo Commercial Real Estate Finance by 2.8% in the fourth quarter. AlphaCore Capital LLC now owns 41,119 shares of the real estate investment trust's stock valued at $366,000 after buying an additional 1,118 shares during the period. PFG Investments LLC boosted its holdings in Apollo Commercial Real Estate Finance by 2.5% during the first quarter. PFG Investments LLC now owns 50,764 shares of the real estate investment trust's stock worth $486,000 after purchasing an additional 1,235 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Apollo Commercial Real Estate Finance by 57.9% during the first quarter. Versant Capital Management Inc now owns 3,425 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 1,256 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its holdings in Apollo Commercial Real Estate Finance by 4.5% during the fourth 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. Institutional investors and hedge funds own 54.43% of the company's stock.

Wall Street Analysts Forecast Growth

ARI has been the subject of several recent research reports. Keefe, Bruyette & Woods increased their target price on shares of Apollo Commercial Real Estate Finance from $10.50 to $10.75 and gave the stock an "outperform" rating in a report on Thursday, July 10th. Wall Street Zen lowered shares of Apollo Commercial Real Estate Finance from a "buy" rating to a "hold" rating in a research report on Wednesday, April 23rd. UBS Group upped their price target on shares of Apollo Commercial Real Estate Finance from $10.00 to $10.50 and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. JPMorgan Chase & Co. upped their price target on shares of 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. Finally, BTIG Research raised shares of Apollo Commercial Real Estate Finance from a "neutral" rating to a "buy" rating and set a $11.00 price target on the stock in a research report on Wednesday, April 23rd. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $10.31.

Apollo Commercial Real Estate Finance Stock Performance

Shares of ARI traded up $0.12 during trading hours on Monday, hitting $9.90. The company had a trading volume of 319,886 shares, compared to its average volume of 1,168,985. Apollo Commercial Real Estate Finance has a 12 month low of $7.70 and a 12 month high of $10.61. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of -70.68, a PEG ratio of 0.26 and a beta of 1.50. The business has a fifty day moving average of $9.84 and a 200-day moving average of $9.55. The company has a quick ratio of 98.25, a current ratio of 98.25 and a debt-to-equity ratio of 0.66.

Apollo Commercial Real Estate Finance Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 10.1%. The ex-dividend date was Monday, June 30th. Apollo Commercial Real Estate Finance's dividend payout ratio is presently -714.29%.

Insider Transactions at Apollo Commercial Real Estate Finance

In other Apollo Commercial Real Estate Finance news, CEO Stuart Rothstein sold 52,074 shares of the stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $9.83, for a total transaction of $511,887.42. Following the sale, the chief executive officer directly owned 333,854 shares in the company, valued at $3,281,784.82. This represents a 13.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.68% of the stock is owned by insiders.

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.