Fox Run Management L.L.C. Takes $364,000 Position in Apollo Commercial Real Estate Finance $ARI

Key Points

• Fox Run Management L.L.C. has acquired a new stake in Apollo Commercial Real Estate Finance, purchasing 38,037 shares valued at approximately $364,000.
• Apollo Commercial Real Estate Finance announced a quarterly dividend of $0.25, resulting in an annualized dividend yield of 10.0%.
• Analyst ratings for Apollo Commercial Real Estate Finance show mixed reviews, with price targets ranging from $9.00 to $11.00 and an average rating of "Hold".

Fox Run Management L.L.C. purchased a new stake in shares of 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 (SEC). The firm purchased 38,037 shares of the real estate investment trust's stock, valued at approximately $364,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. HighTower Advisors LLC boosted its holdings in Apollo Commercial Real Estate Finance by 26.3% in the first quarter. HighTower Advisors LLC now owns 13,620 shares of the real estate investment trust's stock worth $130,000 after purchasing an additional 2,840 shares during the last quarter. Public Sector Pension Investment Board boosted its holdings in Apollo Commercial Real Estate Finance by 28.0% in the first quarter. Public Sector Pension Investment Board now owns 405,208 shares of the real estate investment trust's stock worth $3,878,000 after purchasing an additional 88,532 shares during the last quarter. Nuveen LLC purchased a new stake in Apollo Commercial Real Estate Finance in the first quarter worth approximately $7,813,000. AlphaCore Capital LLC boosted its holdings in Apollo Commercial Real Estate Finance by 172.6% in the first quarter. AlphaCore Capital LLC now owns 112,079 shares of the real estate investment trust's stock worth $1,101,000 after purchasing an additional 70,960 shares during the last quarter. Finally, Accuvest Global Advisors purchased a new stake in Apollo Commercial Real Estate Finance in the first quarter worth approximately $107,000. Institutional investors own 54.43% of the company's stock.

Apollo Commercial Real Estate Finance Price Performance

NYSE ARI traded up $0.32 on Friday, reaching $10.39. The company had a trading volume of 1,210,999 shares, compared to its average volume of 1,134,925. 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 stock has a market capitalization of $1.44 billion, a PE ratio of -74.21, a price-to-earnings-growth ratio of 0.30 and a beta of 1.50. The firm's 50 day moving average price is $9.88 and its 200 day moving average price is $9.64. Apollo Commercial Real Estate Finance has a 12 month low of $7.70 and a 12 month high of $10.61.

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 dividend on an annualized basis and a dividend yield of 9.6%. Apollo Commercial Real Estate Finance's payout ratio is currently -714.29%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ARI. Keefe, Bruyette & Woods lifted their price target 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. UBS Group lifted their price target on shares of Apollo Commercial Real Estate Finance from $10.00 to $10.50 and gave the stock a "neutral" rating in a research note on Tuesday, July 15th. JPMorgan Chase & Co. lifted their price target 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. Finally, JMP Securities reiterated a "market perform" rating on shares of Apollo Commercial Real Estate Finance in a research note on Tuesday, April 29th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $10.31.

Insider Activity 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 value 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 $3,281,784.82. The trade was a 13.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.68% of the company's stock.

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.