Public Sector Pension Investment Board Grows Stake in Apollo Commercial Real Estate Finance $ARI

Public Sector Pension Investment Board grew its holdings in shares of Apollo Commercial Real Estate Finance (NYSE:ARI - Free Report) by 28.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 405,208 shares of the real estate investment trust's stock after buying 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 SEC filing.

Several other hedge funds have also recently made changes to their positions in ARI. Versant Capital Management Inc increased its stake in shares of Apollo Commercial Real Estate Finance by 57.9% during the first quarter. Versant Capital Management Inc now owns 3,425 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 1,256 shares during the period. CWM LLC lifted its holdings in Apollo Commercial Real Estate Finance by 39.2% in the first quarter. CWM LLC now owns 3,858 shares of the real estate investment trust's stock valued at $37,000 after acquiring an additional 1,087 shares during the period. Sterling Capital Management LLC lifted its holdings in Apollo Commercial Real Estate Finance by 783.8% in the fourth quarter. Sterling Capital Management LLC now owns 4,366 shares of the real estate investment trust's stock valued at $38,000 after acquiring an additional 3,872 shares during the period. CF Capital LLC bought a new position in Apollo Commercial Real Estate Finance in the fourth quarter valued at about $52,000. Finally, Beacon Pointe Advisors LLC bought a new position in Apollo Commercial Real Estate Finance in the fourth quarter valued at about $95,000. 54.43% of the stock is owned by hedge funds and other institutional investors.

Apollo Commercial Real Estate Finance Stock Performance

ARI traded down $0.1850 during midday trading on Thursday, reaching $10.0850. The company had a trading volume of 304,418 shares, compared to its average volume of 1,133,085. 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 business has a 50-day moving average of $9.88 and a two-hundred day moving average of $9.64. The company has a market cap of $1.40 billion, a P/E ratio of -72.11, a P/E/G ratio of 0.29 and a beta of 1.50. Apollo Commercial Real Estate Finance has a 1 year low of $7.70 and a 1 year high of $10.61.

Apollo Commercial Real Estate Finance Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a $0.25 dividend. The ex-dividend date was Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a yield of 9.9%. Apollo Commercial Real Estate Finance's dividend payout ratio is presently -714.29%.

Insider Activity

In related news, CEO Stuart Rothstein sold 52,074 shares of the 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 in the company, valued at approximately $3,281,784.82. This trade represents a 13.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.68% of the company's stock.

Wall Street Analyst Weigh In

ARI has been the topic of a number of recent research reports. Keefe, Bruyette & Woods increased their target price on 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. JMP Securities reissued a "market perform" rating on shares of Apollo Commercial Real Estate Finance in a report on Tuesday, April 29th. 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 report on Wednesday, April 23rd. UBS Group increased their target price on Apollo Commercial Real Estate Finance from $10.00 to $10.50 and gave the company a "neutral" rating in a report on Tuesday, July 15th. Finally, JPMorgan Chase & Co. increased their target price on Apollo Commercial Real Estate Finance from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Monday, April 28th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $10.31.

Apollo Commercial Real Estate Finance 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.