Rhumbline Advisers Sells 27,461 Shares of Apollo Commercial Real Estate Finance $ARI

Key Points

• Rhumbline Advisers decreased its position in Apollo Commercial Real Estate Finance by 6.4%, now holding 399,412 shares valued at approximately $3.82 million.
• Various hedge funds have been active with Apollo ARI stock, with MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increasing its stake by 89.8% to over 1.8 million shares valued at approximately $17.75 million.
• Apollo Commercial Real Estate Finance recently announced a quarterly dividend of $0.25 per share, reflecting a 9.2% dividend yield with the ex-dividend date set for September 30th.

Rhumbline Advisers lowered its position in shares of Apollo Commercial Real Estate Finance (NYSE:ARI - Free Report) by 6.4% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 399,412 shares of the real estate investment trust's stock after selling 27,461 shares during the quarter. Rhumbline Advisers owned about 0.29% of Apollo Commercial Real Estate Finance worth $3,822,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of ARI. Ameriprise Financial Inc. raised its position in shares of Apollo Commercial Real Estate Finance by 3.5% in the 4th quarter. Ameriprise Financial Inc. now owns 429,738 shares of the real estate investment trust's stock valued at $3,731,000 after purchasing an additional 14,682 shares in the last quarter. Deutsche Bank AG grew its stake 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 worth $1,028,000 after purchasing an additional 40,088 shares in the last quarter. Millennium Management LLC boosted its stake in Apollo Commercial Real Estate Finance by 265.3% during 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 buying an additional 168,948 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in Apollo Commercial Real Estate Finance by 26.5% during the fourth quarter. Nuveen Asset Management LLC now owns 666,730 shares of the real estate investment trust's stock valued at $5,774,000 after buying an additional 139,643 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in Apollo Commercial Real Estate Finance by 41.1% during the fourth quarter. ProShare Advisors LLC now owns 41,532 shares of the real estate investment trust's stock valued at $360,000 after buying an additional 12,090 shares in the last quarter. Hedge funds and other institutional investors own 54.43% of the company's stock.

Insider Activity at Apollo Commercial Real Estate Finance

In related news, CEO Stuart Rothstein sold 52,073 shares of the firm's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $10.78, for a total transaction of $561,346.94. Following the completion of the transaction, the chief executive officer owned 281,781 shares in the company, valued at $3,037,599.18. This trade represents a 15.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.68% of the company's stock.

Apollo Commercial Real Estate Finance Stock Down 1.0%

Shares of NYSE ARI traded down $0.11 during mid-day trading on Friday, reaching $10.56. 1,770,737 shares of the company traded hands, compared to its average volume of 753,126. The stock has a market cap of $1.47 billion, a PE ratio of -75.43, a price-to-earnings-growth ratio of 0.31 and a beta of 1.57. The company's fifty day moving average is $10.23 and its two-hundred day moving average is $9.77. The company has a debt-to-equity ratio of 0.66, a quick ratio of 98.25 and a current ratio of 98.25. Apollo Commercial Real Estate Finance has a fifty-two week low of $7.70 and a fifty-two week high of $11.11.

Apollo Commercial Real Estate Finance Dividend Announcement

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 $0.25 dividend. 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 9.5%. Apollo Commercial Real Estate Finance's dividend payout ratio (DPR) is -714.29%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. UBS Group upped 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. Keefe, Bruyette & Woods upped 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. Finally, Zacks Research downgraded Apollo Commercial Real Estate Finance from a "strong-buy" rating to a "hold" rating in a report on Tuesday. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus 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.