Apollo Commercial Real Estate Finance $ARI Shares Sold by Atria Wealth Solutions Inc.

Key Points

• Atria Wealth Solutions Inc. has reduced its stake in Apollo Commercial Real Estate Finance by 63.0%, now owning 27,413 shares valued at approximately $262,000 after selling 46,579 shares.
• CEO Stuart Rothstein sold 52,074 shares of the company, decreasing his position by 13.49%, and now holds shares valued at around $3.28 million.
• JPMorgan and other analysts have set price targets for Apollo Commercial Real Estate Finance, with a consensus rating of "Hold" and an average target price of $10.31.

Atria Wealth Solutions Inc. lessened its holdings in shares of Apollo Commercial Real Estate Finance (NYSE:ARI - Free Report) by 63.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,413 shares of the real estate investment trust's stock after selling 46,579 shares during the period. Atria Wealth Solutions Inc.'s holdings in Apollo Commercial Real Estate Finance were worth $262,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Versant Capital Management Inc boosted its holdings in shares of Apollo Commercial Real Estate Finance by 57.9% in the first quarter. Versant Capital Management Inc now owns 3,425 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 1,256 shares during the period. CWM LLC boosted its holdings in shares of Apollo Commercial Real Estate Finance by 39.2% in 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. Sterling Capital Management LLC boosted its holdings in shares of Apollo Commercial Real Estate Finance by 783.8% in the fourth quarter. Sterling Capital Management LLC now owns 4,366 shares of the real estate investment trust's stock valued at $38,000 after purchasing an additional 3,872 shares during the period. CF Capital LLC purchased a new stake in shares of Apollo Commercial Real Estate Finance in the fourth quarter valued at approximately $52,000. Finally, Beacon Pointe Advisors LLC purchased a new stake in shares of Apollo Commercial Real Estate Finance in the fourth quarter valued at approximately $95,000. Hedge funds and other institutional investors own 54.43% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ARI. Keefe, Bruyette & Woods boosted their price target on 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. Wall Street Zen lowered Apollo Commercial Real Estate Finance from a "buy" rating to a "hold" rating in a report on Wednesday, April 23rd. JMP Securities reiterated a "market perform" rating on shares of Apollo Commercial Real Estate Finance in a report on Tuesday, April 29th. UBS Group boosted their price target on 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. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Apollo Commercial Real Estate Finance from $8.00 to $9.00 and gave the stock a "neutral" rating in a research note on Monday, April 28th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to 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 Stock Up 0.3%

Shares of ARI stock traded up $0.0350 during trading hours on Wednesday, reaching $10.2450. 279,173 shares of the company's stock were exchanged, compared to its average volume of 1,135,661. The stock's 50 day moving average is $9.87 and its 200-day moving average is $9.63. The company has a market cap of $1.42 billion, a price-to-earnings ratio of -73.16, a P/E/G ratio of 0.29 and a beta of 1.50. The company has a current ratio of 98.25, a quick ratio of 98.25 and a debt-to-equity ratio of 0.66. Apollo Commercial Real Estate Finance has a fifty-two week low of $7.70 and a fifty-two week high of $10.61.

Apollo Commercial Real Estate Finance Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given 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 dividend yield of 9.8%. Apollo Commercial Real Estate Finance's dividend payout ratio is presently -714.29%.

Insider Activity

In other news, CEO Stuart Rothstein sold 52,074 shares of the company's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $9.83, for a total transaction of $511,887.42. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.68% of the company's stock.

Apollo Commercial Real Estate Finance 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.