Invesco Ltd. Sells 67,191 Shares of Apollo Commercial Real Estate Finance $ARI

Key Points

• Invesco Ltd. reduced its stake in Apollo Commercial Real Estate Finance by 7.3%, selling 67,191 shares and retaining approximately 858,695 shares valued at $8.2 million.
• Several institutional investors, including Nomura Holdings and Charles Schwab, increased their positions in Apollo Commercial Real Estate Finance, reflecting overall interest from institutional investors.
• The company recently declared a quarterly dividend of $0.25 per share, representing an annualized yield of 9.7%, despite a payout ratio of -714.29%.

Invesco Ltd. lessened its stake in Apollo Commercial Real Estate Finance (NYSE:ARI - Free Report) by 7.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 858,695 shares of the real estate investment trust's stock after selling 67,191 shares during the quarter. Invesco Ltd. owned about 0.62% of Apollo Commercial Real Estate Finance worth $8,218,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. AlphaCore Capital LLC increased its position in Apollo Commercial Real Estate Finance by 172.6% in the 1st quarter. AlphaCore Capital LLC now owns 112,079 shares of the real estate investment trust's stock valued at $1,101,000 after acquiring an additional 70,960 shares in the last quarter. Accuvest Global Advisors acquired a new stake in Apollo Commercial Real Estate Finance in the 1st quarter valued at about $107,000. Charles Schwab Investment Management Inc. increased its position in 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 valued at $22,265,000 after acquiring an additional 63,191 shares in the last quarter. New Age Alpha Advisors LLC increased its position in Apollo Commercial Real Estate Finance by 51.1% in the 1st quarter. New Age Alpha Advisors LLC now owns 276,837 shares of the real estate investment trust's stock valued at $2,649,000 after acquiring an additional 93,654 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in Apollo Commercial Real Estate Finance by 19.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 30,764 shares of the real estate investment trust's stock valued at $294,000 after acquiring an additional 5,018 shares in the last quarter. Institutional investors and hedge funds own 54.43% of the company's stock.

Insiders Place Their Bets

In related news, CEO Stuart Rothstein sold 52,074 shares of Apollo Commercial Real Estate Finance 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 transaction, the chief executive officer owned 333,854 shares of the company's stock, valued at $3,281,784.82. This trade represents a 13.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.68% of the stock is owned by insiders.

Analysts Set New Price Targets

ARI has been the subject of several research reports. Keefe, Bruyette & Woods raised their price objective 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. UBS Group raised 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 investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Apollo Commercial Real Estate Finance currently has an average rating of "Hold" and an average price target of $10.31.

Apollo Commercial Real Estate Finance Trading Up 1.4%

Shares of NYSE ARI traded up $0.15 during mid-day trading on Friday, hitting $10.60. The company's stock had a trading volume of 1,073,523 shares, compared to its average volume of 735,100. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of -75.68, a price-to-earnings-growth ratio of 0.31 and a beta of 1.57. The company has a debt-to-equity ratio of 0.66, a current ratio of 98.25 and a quick ratio of 98.25. Apollo Commercial Real Estate Finance has a one year low of $7.70 and a one year high of $10.61. The company's fifty day simple moving average is $9.95 and its 200-day simple moving average is $9.69.

Apollo Commercial Real Estate Finance Announces Dividend

The firm 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. This represents a $1.00 annualized dividend and a dividend yield of 9.4%. The ex-dividend date of this dividend was Monday, June 30th. Apollo Commercial Real Estate Finance's dividend payout ratio (DPR) is -714.29%.

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.