Victory Capital Management Inc. Has $953,000 Stock Holdings 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. cut its stake in Apollo Commercial Real Estate Finance (NYSE:ARI - Free Report) by 60.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 99,535 shares of the real estate investment trust's stock after selling 153,074 shares during the period. Victory Capital Management Inc. owned approximately 0.07% of Apollo Commercial Real Estate Finance worth $953,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new position in shares of Apollo Commercial Real Estate Finance during the fourth quarter worth $578,000. KLP Kapitalforvaltning AS acquired a new position in shares of Apollo Commercial Real Estate Finance during the fourth quarter worth $221,000. LPL Financial LLC lifted its position in shares of Apollo Commercial Real Estate Finance by 0.8% during the fourth quarter. LPL Financial LLC now owns 278,588 shares of the real estate investment trust's stock worth $2,413,000 after purchasing an additional 2,164 shares in the last quarter. Vanguard Group Inc. raised 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 acquiring an additional 135,785 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Apollo Commercial Real Estate Finance by 130.1% in 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 acquiring an additional 271,908 shares in the last quarter. 54.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ARI. JPMorgan Chase & Co. upped 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 report on Monday, April 28th. Keefe, Bruyette & Woods upped their price target on shares of Apollo Commercial Real Estate Finance from $10.50 to $10.75 and gave the company an "outperform" rating in a report on Thursday, July 10th. UBS Group upped their price target on shares of Apollo Commercial Real Estate Finance from $10.00 to $10.50 and gave the company a "neutral" rating in a report on Tuesday, July 15th. Wall Street Zen lowered shares of Apollo Commercial Real Estate Finance from a "buy" rating to a "hold" rating in a research note on Wednesday, April 23rd. Finally, JMP Securities reiterated a "market perform" rating on shares of Apollo Commercial Real Estate Finance in a research note on Tuesday, April 29th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Apollo Commercial Real Estate Finance presently has a consensus rating of "Hold" and an average target price of $10.31.

Apollo Commercial Real Estate Finance Price Performance

NYSE ARI traded up $0.15 on Friday, reaching $9.77. The company's stock had a trading volume of 1,756,026 shares, compared to its average volume of 1,095,447. Apollo Commercial Real Estate Finance has a twelve month low of $7.70 and a twelve month high of $10.61. The company has a debt-to-equity ratio of 0.66, a quick ratio of 74.89 and a current ratio of 98.25. The stock has a market cap of $1.36 billion, a PE ratio of -69.79, a PEG ratio of 0.26 and a beta of 1.50. The firm's 50 day moving average is $9.84 and its two-hundred day moving average is $9.54.

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. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a yield of 10.2%. Apollo Commercial Real Estate Finance's dividend payout ratio is currently -714.29%.

Insider Buying and Selling

In other Apollo Commercial Real Estate Finance news, CEO Stuart Rothstein sold 52,074 shares of the company's 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 completion of the sale, the chief executive officer directly owned 333,854 shares of the company's stock, valued at approximately $3,281,784.82. This represents a 13.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.68% of the company's stock.

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.