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

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

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Private Advisor Group LLC boosted its holdings in shares of Apollo Commercial Real Estate Finance by 4.2% in the first quarter. Private Advisor Group LLC now owns 26,453 shares of the real estate investment trust's stock valued at $253,000 after purchasing an additional 1,078 shares during the period. CWM LLC raised its position in Apollo Commercial Real Estate Finance by 39.2% during the 1st quarter. CWM LLC now owns 3,858 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 1,087 shares in the last quarter. AlphaCore Capital LLC lifted its holdings in shares of Apollo Commercial Real Estate Finance by 2.8% in the 4th quarter. AlphaCore Capital LLC now owns 41,119 shares of the real estate investment trust's stock worth $366,000 after buying an additional 1,118 shares during the period. PFG Investments LLC grew its position in shares of Apollo Commercial Real Estate Finance by 2.5% during the 1st quarter. PFG Investments LLC now owns 50,764 shares of the real estate investment trust's stock worth $486,000 after buying an additional 1,235 shares in the last quarter. Finally, Versant Capital Management Inc grew its position in shares of Apollo Commercial Real Estate Finance by 57.9% during the 1st quarter. Versant Capital Management Inc now owns 3,425 shares of the real estate investment trust's stock worth $33,000 after buying an additional 1,256 shares in the last quarter. Institutional investors own 54.43% of the company's stock.

Apollo Commercial Real Estate Finance Stock Performance

Apollo Commercial Real Estate Finance stock traded down $0.14 during mid-day trading on Friday, reaching $10.87. 369,105 shares of the company traded hands, compared to its average volume of 1,100,433. The firm's fifty day moving average is $10.14 and its two-hundred day moving average is $9.75. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of -77.61, a price-to-earnings-growth ratio of 0.32 and a beta of 1.57. Apollo Commercial Real Estate Finance has a fifty-two week low of $7.70 and a fifty-two week high of $11.11. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a $0.25 dividend. The ex-dividend date 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 dividend payout ratio (DPR) is -714.29%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Apollo Commercial Real Estate Finance from $10.50 to $10.75 and gave the company an "outperform" rating in a report on Thursday, July 10th. UBS Group upped their price target on Apollo Commercial Real Estate Finance from $10.00 to $10.50 and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $10.31.

Insider Buying and Selling

In other Apollo Commercial Real Estate Finance news, CEO Stuart Rothstein sold 52,074 shares of Apollo Commercial Real Estate Finance stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $9.83, for a total transaction of $511,887.42. Following the completion of the sale, the chief executive officer owned 333,854 shares of the company's stock, valued at approximately $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 can be accessed through this link. Corporate 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.