123,579 Shares in Apollo Commercial Real Estate Finance $ARI Bought by Caxton Associates LLP

Key Points

• Caxton Associates LLP has acquired 123,579 shares of Apollo Commercial Real Estate Finance (NYSE: ARI), valued at approximately $1.18 million, representing 0.09% of the company's stock.
• Insider transactions revealed that CEO Stuart Rothstein sold 52,074 shares for about $511,887, reducing his ownership by 13.49% to 333,854 shares.
• The company announced a quarterly dividend of $0.25 per share with a yield of 9.1%, highlighting a significant dividend payout ratio of -714.29%.

Caxton Associates LLP bought a new position in Apollo Commercial Real Estate Finance (NYSE:ARI - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 123,579 shares of the real estate investment trust's stock, valued at approximately $1,183,000. Caxton Associates LLP owned about 0.09% of Apollo Commercial Real Estate Finance as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. Nomura Holdings Inc. acquired a new position in Apollo Commercial Real Estate Finance during the 4th quarter valued at about $31,684,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Apollo Commercial Real Estate Finance by 2.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,326,569 shares of the real estate investment trust's stock worth $22,265,000 after purchasing an additional 63,191 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Apollo Commercial Real Estate Finance by 89.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,855,116 shares of the real estate investment trust's stock worth $17,753,000 after purchasing an additional 877,675 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Apollo Commercial Real Estate Finance by 14.9% in the 4th quarter. Northern Trust Corp now owns 1,745,469 shares of the real estate investment trust's stock worth $15,116,000 after purchasing an additional 226,399 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Apollo Commercial Real Estate Finance by 1.3% in the 1st 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 purchasing an additional 13,774 shares in the last quarter. Institutional investors own 54.43% of the company's stock.

Apollo Commercial Real Estate Finance Stock Down 0.1%

ARI stock traded down $0.01 during trading hours on Monday, hitting $10.83. The company's stock had a trading volume of 140,785 shares, compared to its average volume of 1,096,210. The company has a quick ratio of 98.25, a current ratio of 98.25 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $1.51 billion, a PE ratio of -77.38, a price-to-earnings-growth ratio of 0.31 and a beta of 1.57. Apollo Commercial Real Estate Finance has a 12 month low of $7.70 and a 12 month high of $11.11. The stock has a 50 day moving average price of $10.16 and a two-hundred day moving average price of $9.75.

Apollo Commercial Real Estate Finance Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 9.2%. The ex-dividend date of this dividend is Tuesday, September 30th. Apollo Commercial Real Estate Finance's payout ratio is currently -714.29%.

Analyst Ratings Changes

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

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.