Atria Wealth Solutions Inc. Sells 46,579 Shares of Apollo Commercial Real Estate Finance $ARI

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 position in shares of Apollo Commercial Real Estate Finance (NYSE:ARI - Free Report) by 63.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 quarter.

A number of other institutional investors also recently made changes to their positions in the company. Nomura Holdings Inc. bought a new stake in shares of Apollo Commercial Real Estate Finance during the fourth quarter worth approximately $31,684,000. Northern Trust Corp boosted its holdings in shares of Apollo Commercial Real Estate Finance by 14.9% during the fourth quarter. Northern Trust Corp now owns 1,745,469 shares of the real estate investment trust's stock worth $15,116,000 after acquiring an additional 226,399 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Apollo Commercial Real Estate Finance by 1.3% during the first quarter. Bank of New York Mellon Corp now owns 1,036,715 shares of the real estate investment trust's stock worth $9,921,000 after acquiring an additional 13,774 shares during the period. Nuveen Asset Management LLC boosted its holdings in shares of Apollo Commercial Real Estate Finance by 26.5% during the fourth quarter. Nuveen Asset Management LLC now owns 666,730 shares of the real estate investment trust's stock worth $5,774,000 after acquiring an additional 139,643 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of Apollo Commercial Real Estate Finance by 3.2% during the first quarter. Principal Financial Group Inc. now owns 636,985 shares of the real estate investment trust's stock worth $6,096,000 after acquiring an additional 19,871 shares during the period. Institutional investors own 54.43% of the company's stock.

Insider Buying and Selling

In other Apollo Commercial Real Estate Finance 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 transaction of $511,887.42. Following the completion of the transaction, the chief executive officer directly owned 333,854 shares in the company, valued at $3,281,784.82. The trade was a 13.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.68% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ARI. BTIG Research upgraded Apollo Commercial Real Estate Finance from a "neutral" rating to a "buy" rating and set a $11.00 price objective for the company in a report on Wednesday, April 23rd. JMP Securities reiterated a "market perform" rating on shares of Apollo Commercial Real Estate Finance in a research report on Tuesday, April 29th. UBS Group lifted 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 research report on Tuesday, July 15th. Keefe, Bruyette & Woods lifted 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 research report on Thursday, July 10th. Finally, 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. 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 data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $10.31.

Apollo Commercial Real Estate Finance Price Performance

ARI traded down $0.2050 during trading on Thursday, hitting $10.0650. 497,489 shares of the stock traded hands, compared to its average volume of 933,190. 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 market cap of $1.40 billion, a price-to-earnings ratio of -71.89, a PEG ratio of 0.30 and a beta of 1.50. The company has a debt-to-equity ratio of 0.66, a current ratio of 98.25 and a quick ratio of 98.25. The business has a 50 day moving average price of $9.88 and a 200 day moving average price of $9.64.

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 given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 9.9%. The ex-dividend date was Monday, June 30th. Apollo Commercial Real Estate Finance's payout ratio is currently -714.29%.

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.