Rhumbline Advisers Has $3.82 Million Position in 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 reduced its position in shares of Apollo Commercial Real Estate Finance (NYSE:ARI - Free Report) by 6.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 399,412 shares of the real estate investment trust's stock after selling 27,461 shares during the period. Rhumbline Advisers owned approximately 0.29% of Apollo Commercial Real Estate Finance worth $3,822,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in ARI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Apollo Commercial Real Estate Finance by 89.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,855,116 shares of the real estate investment trust's stock worth $17,753,000 after purchasing an additional 877,675 shares during the last quarter. Nuveen LLC bought a new position in Apollo Commercial Real Estate Finance during the 1st quarter worth $7,813,000. Millennium Management LLC increased its stake in Apollo Commercial Real Estate Finance by 265.3% during the 4th quarter. Millennium Management LLC now owns 232,627 shares of the real estate investment trust's stock worth $2,015,000 after acquiring an additional 168,948 shares during the period. Cura Wealth Advisors LLC increased its stake in Apollo Commercial Real Estate Finance by 23.0% during the 1st quarter. Cura Wealth Advisors LLC now owns 847,300 shares of the real estate investment trust's stock worth $8,109,000 after acquiring an additional 158,200 shares during the period. Finally, Nuveen Asset Management LLC increased its stake in 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. 54.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Keefe, Bruyette & Woods raised their price objective 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. UBS Group raised their price objective 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. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Apollo Commercial Real Estate Finance presently has a consensus rating of "Hold" and a consensus price target of $10.31.

Apollo Commercial Real Estate Finance Trading Down 1.6%

Shares of ARI stock opened at $10.83 on Monday. The stock's fifty day simple moving average is $10.16 and its 200 day simple moving average is $9.75. Apollo Commercial Real Estate Finance has a twelve month low of $7.70 and a twelve month high of $11.11. The firm has a market capitalization of $1.50 billion, a P/E ratio of -77.32, a P/E/G ratio of 0.31 and a beta of 1.57. The company has a quick ratio of 98.25, a current ratio of 98.25 and a debt-to-equity ratio of 0.66.

Apollo Commercial Real Estate Finance Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.2%. The ex-dividend date is Tuesday, September 30th. Apollo Commercial Real Estate Finance's payout ratio is -714.29%.

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.

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