Charles Schwab Investment Management Inc. Buys 63,191 Shares of Apollo Commercial Real Estate Finance $ARI

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Apollo Commercial Real Estate Finance by 2.8%, owning a total of 2,326,569 shares valued at $22.3 million.
• The company's CEO, Stuart Rothstein, sold 52,074 shares for approximately $511,887, reducing his ownership by 13.49%.
• Apollo Commercial Real Estate Finance recently announced a quarterly dividend of $0.25 per share, yielding 9.9% annually, despite a negative dividend payout ratio.

Charles Schwab Investment Management Inc. lifted its holdings in shares of Apollo Commercial Real Estate Finance (NYSE:ARI - Free Report) by 2.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,326,569 shares of the real estate investment trust's stock after acquiring an additional 63,191 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.67% of Apollo Commercial Real Estate Finance worth $22,265,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of ARI. Versant Capital Management Inc grew 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 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 worth $37,000 after acquiring 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 worth $38,000 after acquiring an additional 3,872 shares during the period. CF Capital LLC bought a new position in shares of Apollo Commercial Real Estate Finance in the fourth quarter worth $52,000. Finally, Beacon Pointe Advisors LLC bought a new stake in Apollo Commercial Real Estate Finance during the fourth quarter valued at $95,000. 54.43% of the stock is owned by institutional investors.

Apollo Commercial Real Estate Finance Stock Performance

NYSE:ARI traded up $0.08 during trading hours on Tuesday, reaching $10.36. 150,269 shares of the company's stock were exchanged, compared to its average volume of 1,125,141. 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 50-day moving average of $9.90 and a 200 day moving average of $9.67. Apollo Commercial Real Estate Finance has a 1-year low of $7.70 and a 1-year high of $10.61. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of -73.96, a P/E/G ratio of 0.30 and a beta of 1.50.

Apollo Commercial Real Estate Finance Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors 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 annualized dividend and a yield of 9.7%. Apollo Commercial Real Estate Finance's payout ratio is -714.29%.

Insider Buying and Selling at Apollo Commercial Real Estate Finance

In other Apollo Commercial Real Estate Finance news, CEO Stuart Rothstein sold 52,074 shares of the business'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 transaction, the chief executive officer directly owned 333,854 shares of the company's stock, valued at $3,281,784.82. The trade was a 13.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.68% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ARI. JMP Securities restated a "market perform" rating on shares of Apollo Commercial Real Estate Finance in a research report on Tuesday, April 29th. JPMorgan Chase & Co. increased their price target on 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. Keefe, Bruyette & Woods raised their price objective on shares of Apollo Commercial Real Estate Finance from $10.50 to $10.75 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Finally, UBS Group lifted their price objective 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. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Apollo Commercial Real Estate Finance currently has a consensus rating of "Hold" and a consensus target price of $10.31.

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.