Fox Run Management L.L.C. Invests $364,000 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 position in Apollo Commercial Real Estate Finance (NYSE:ARI - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 38,037 shares of the real estate investment trust's stock, valued at approximately $364,000.

Other large investors also recently bought and sold shares of the company. Deutsche Bank AG increased its position in Apollo Commercial Real Estate Finance by 51.0% in the fourth quarter. Deutsche Bank AG now owns 118,656 shares of the real estate investment trust's stock worth $1,028,000 after purchasing an additional 40,088 shares during the last quarter. QRG Capital Management Inc. increased its position in Apollo Commercial Real Estate Finance by 11.1% in the first quarter. QRG Capital Management Inc. now owns 67,816 shares of the real estate investment trust's stock worth $649,000 after purchasing an additional 6,787 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Apollo Commercial Real Estate Finance by 10.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 43,815 shares of the real estate investment trust's stock worth $419,000 after purchasing an additional 4,023 shares during the last quarter. Public Sector Pension Investment Board increased its position 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. Finally, Millennium Management LLC increased its position in Apollo Commercial Real Estate Finance by 265.3% in the fourth quarter. Millennium Management LLC now owns 232,627 shares of the real estate investment trust's stock worth $2,015,000 after purchasing an additional 168,948 shares during the last quarter. Institutional investors own 54.43% of the company's stock.

Apollo Commercial Real Estate Finance Trading Up 3.2%

Shares of ARI traded up $0.32 during midday trading on Friday, hitting $10.39. The stock had a trading volume of 1,210,999 shares, compared to its average volume of 964,917. 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 cap 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 company has a debt-to-equity ratio of 0.66, a current ratio of 98.25 and a quick ratio of 98.25. The stock's 50 day moving average is $9.89 and its 200 day moving average is $9.66.

Apollo Commercial Real Estate Finance Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.00 annualized dividend and a dividend yield of 9.6%. Apollo Commercial Real Estate Finance's dividend payout ratio is currently -714.29%.

Wall Street Analyst Weigh In

ARI has been the topic of several research reports. Keefe, Bruyette & Woods boosted 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 report on Thursday, July 10th. JPMorgan Chase & Co. boosted 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 report on Monday, April 28th. JMP Securities reiterated a "market perform" rating on shares of Apollo Commercial Real Estate Finance in a research report on Tuesday, April 29th. Finally, UBS Group increased their target price on shares of Apollo Commercial Real Estate Finance from $10.00 to $10.50 and gave the company a "neutral" rating in a research note on Tuesday, July 15th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Apollo Commercial Real Estate Finance 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 news, CEO Stuart Rothstein sold 52,074 shares of the company'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 transaction, the chief executive officer directly owned 333,854 shares in the company, valued at approximately $3,281,784.82. This represents a 13.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.68% of the company's stock.

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.