MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Position in Apollo Commercial Real Estate Finance $ARI

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Apollo Commercial Real Estate Finance (NYSE:ARI - Free Report) by 89.8% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 1,855,116 shares of the real estate investment trust's stock after purchasing an additional 877,675 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 1.34% of Apollo Commercial Real Estate Finance worth $17,753,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. 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. boosted its stake in Apollo Commercial Real Estate Finance by 2.8% during 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 purchasing an additional 63,191 shares during the last quarter. Northern Trust Corp boosted its stake 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 buying an additional 226,399 shares during the last quarter. Bank of New York Mellon Corp boosted its stake 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 buying an additional 13,774 shares during the last quarter. Finally, Cura Wealth Advisors LLC boosted its stake in shares of Apollo Commercial Real Estate Finance by 23.0% in the 1st quarter. Cura Wealth Advisors LLC now owns 847,300 shares of the real estate investment trust's stock worth $8,109,000 after buying an additional 158,200 shares during the last quarter. Institutional investors and hedge funds own 54.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ARI shares. UBS Group boosted their target price on 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. Keefe, Bruyette & Woods boosted their target price on 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. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $10.31.

Insider Transactions 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 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 sale, the chief executive officer 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 sale was disclosed in a legal filing with the SEC, which is available through this link. 0.68% of the stock is owned by insiders.

Apollo Commercial Real Estate Finance Stock Performance

Apollo Commercial Real Estate Finance stock traded down $0.18 during trading on Friday, hitting $10.83. The stock had a trading volume of 587,847 shares, compared to its average volume of 704,011. Apollo Commercial Real Estate Finance has a 1 year low of $7.70 and a 1 year high of $11.11. 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's 50 day moving average is $10.16 and its two-hundred day moving average is $9.75. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of -77.32, a price-to-earnings-growth ratio of 0.32 and a beta of 1.57.

Apollo Commercial Real Estate Finance Announces Dividend

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 issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.00 dividend on an annualized basis and a yield of 9.2%. Apollo Commercial Real Estate Finance's payout ratio is presently -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.