Public Sector Pension Investment Board Purchases 88,532 Shares of Apollo Commercial Real Estate Finance $ARI

Public Sector Pension Investment Board grew its stake in Apollo Commercial Real Estate Finance (NYSE:ARI - Free Report) by 28.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 405,208 shares of the real estate investment trust's stock after acquiring an additional 88,532 shares during the period. Public Sector Pension Investment Board owned 0.29% of Apollo Commercial Real Estate Finance worth $3,878,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Deutsche Bank AG increased its holdings in shares of 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 valued at $1,028,000 after purchasing an additional 40,088 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Apollo Commercial Real Estate Finance by 130.1% in the fourth quarter. JPMorgan Chase & Co. now owns 480,852 shares of the real estate investment trust's stock valued at $4,164,000 after purchasing an additional 271,908 shares in the last quarter. QRG Capital Management Inc. increased its holdings in shares of 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 valued at $649,000 after purchasing an additional 6,787 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of 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 valued at $419,000 after purchasing an additional 4,023 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in shares of 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 valued at $2,015,000 after purchasing an additional 168,948 shares in the last quarter. Institutional investors and hedge funds own 54.43% of the company's stock.

Insider Buying and Selling

In other Apollo Commercial Real Estate Finance news, CEO Stuart Rothstein sold 52,074 shares of the company's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $9.83, for a total value 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. This represents a 13.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.68% of the company's stock.

Apollo Commercial Real Estate Finance Trading Up 2.9%

NYSE:ARI traded up $0.2950 during trading hours on Friday, hitting $10.3650. The stock had a trading volume of 313,745 shares, compared to its average volume of 1,128,931. Apollo Commercial Real Estate Finance has a one year low of $7.70 and a one year high of $10.61. 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 has a market cap of $1.44 billion, a price-to-earnings ratio of -74.04, a P/E/G ratio of 0.30 and a beta of 1.50. The business's 50 day moving average is $9.88 and its 200-day moving average is $9.64.

Apollo Commercial Real Estate Finance Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ARI shares. JMP Securities reissued a "market perform" rating on shares of Apollo Commercial Real Estate Finance in a report on Tuesday, April 29th. Keefe, Bruyette & Woods raised 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. 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 note on Monday, April 28th. Finally, UBS Group boosted their price target on shares of 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. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $10.31.

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.