New Age Alpha Advisors LLC Has $2.65 Million Stock Holdings in Apollo Commercial Real Estate Finance (NYSE:ARI)

Key Points

• New Age Alpha Advisors LLC has increased its stock holdings in Apollo Commercial Real Estate Finance by 51.1%, now owning approximately 276,837 shares valued at $2.65 million.
• Apollo Commercial Real Estate Finance announced a quarterly dividend of $0.25 per share, resulting in a 10.0% yield, despite a notably high dividend payout ratio of -714.29%.
• Analysts have mixed sentiments on the stock, with target prices ranging from $10.31 to $11.00, while the overall consensus rating remains a cautious "Hold."

New Age Alpha Advisors LLC grew its position in Apollo Commercial Real Estate Finance (NYSE:ARI - Free Report) by 51.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 276,837 shares of the real estate investment trust's stock after purchasing an additional 93,654 shares during the period. New Age Alpha Advisors LLC owned approximately 0.20% of Apollo Commercial Real Estate Finance worth $2,649,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Nomura Holdings Inc. bought a new stake in Apollo Commercial Real Estate Finance during the fourth quarter worth about $31,684,000. Northern Trust Corp boosted its stake in shares of Apollo Commercial Real Estate Finance by 14.9% during 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 acquiring an additional 226,399 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Apollo Commercial Real Estate Finance by 1.3% during 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 acquiring an additional 13,774 shares during the period. Nuveen Asset Management LLC boosted its stake in shares of Apollo Commercial Real Estate Finance by 26.5% during the 4th quarter. Nuveen Asset Management LLC now owns 666,730 shares of the real estate investment trust's stock worth $5,774,000 after acquiring an additional 139,643 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of Apollo Commercial Real Estate Finance by 3.2% during the 1st quarter. Principal Financial Group Inc. now owns 636,985 shares of the real estate investment trust's stock worth $6,096,000 after acquiring an additional 19,871 shares during the period. 54.43% of the stock is currently owned by institutional investors.

Apollo Commercial Real Estate Finance Price Performance

Shares of ARI traded up $0.07 during trading hours on Friday, reaching $10.02. The stock had a trading volume of 697,041 shares, compared to its average volume of 1,097,969. Apollo Commercial Real Estate Finance has a 12 month low of $7.70 and a 12 month high of $10.61. The stock has a market capitalization of $1.39 billion, a PE ratio of -71.57, a PEG ratio of 0.29 and a beta of 1.50. The company has a debt-to-equity ratio of 0.66, a quick ratio of 98.25 and a current ratio of 98.25. The company's 50-day moving average is $9.85 and its two-hundred day moving average is $9.57.

Apollo Commercial Real Estate Finance Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 10.0%. The ex-dividend date of this dividend was Monday, June 30th. Apollo Commercial Real Estate Finance's dividend payout ratio (DPR) is currently -714.29%.

Insider Transactions at Apollo Commercial Real Estate Finance

In related news, CEO Stuart Rothstein sold 52,074 shares of the firm's stock in a transaction on 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 transaction, the chief executive officer directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.68% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on ARI shares. Keefe, Bruyette & Woods lifted 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. BTIG Research raised Apollo Commercial Real Estate Finance from a "neutral" rating to a "buy" rating and set a $11.00 target price on the stock in a research report on Wednesday, April 23rd. Wall Street Zen downgraded Apollo Commercial Real Estate Finance from a "buy" rating to a "hold" rating in a research report on Wednesday, April 23rd. JMP Securities reaffirmed a "market perform" rating on shares of Apollo Commercial Real Estate Finance in a research report on Tuesday, April 29th. Finally, UBS Group upped 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. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $10.31.

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.