State of Wyoming Makes New $251,000 Investment in Apollo Commercial Real Estate Finance $ARI

Key Points

• The State of Wyoming has acquired a new stake in Apollo Commercial Real Estate Finance, purchasing 26,215 shares valued at approximately $251,000.
• Insider trading activity includes CEO Stuart Rothstein selling 52,074 shares for $511,887.42, resulting in a 13.49% decrease in his ownership.
• Apollo Commercial Real Estate Finance has declared a quarterly dividend of $0.25 per share, reflecting an annualized yield of 9.4% despite a significant negative dividend payout ratio.

State of Wyoming acquired a new stake in Apollo Commercial Real Estate Finance (NYSE:ARI - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 26,215 shares of the real estate investment trust's stock, valued at approximately $251,000.

A number of other hedge funds have also modified their holdings of the business. Private Advisor Group LLC grew its stake in Apollo Commercial Real Estate Finance by 4.2% in the 1st quarter. Private Advisor Group LLC now owns 26,453 shares of the real estate investment trust's stock worth $253,000 after acquiring an additional 1,078 shares during the period. CWM LLC boosted its position in Apollo Commercial Real Estate Finance by 39.2% in the 1st quarter. CWM LLC now owns 3,858 shares of the real estate investment trust's stock valued at $37,000 after buying an additional 1,087 shares during the last quarter. AlphaCore Capital LLC lifted its position in shares of Apollo Commercial Real Estate Finance by 2.8% during the fourth quarter. AlphaCore Capital LLC now owns 41,119 shares of the real estate investment trust's stock worth $366,000 after purchasing an additional 1,118 shares during the last quarter. PFG Investments LLC raised its stake in Apollo Commercial Real Estate Finance by 2.5% during the first quarter. PFG Investments LLC now owns 50,764 shares of the real estate investment trust's stock worth $486,000 after acquiring an additional 1,235 shares during the period. Finally, Versant Capital Management Inc increased its stake in shares of Apollo Commercial Real Estate Finance by 57.9% in 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 purchasing an additional 1,256 shares during the period. 54.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Apollo Commercial Real Estate Finance news, CEO Stuart Rothstein sold 52,074 shares of the business's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $9.83, for a total value of $511,887.42. Following the transaction, the chief executive officer directly owned 333,854 shares in the company, valued at $3,281,784.82. The trade was a 13.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.68% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ARI shares. UBS Group raised their price objective on shares of Apollo Commercial Real Estate Finance from $10.00 to $10.50 and gave the company a "neutral" rating in a research note on Tuesday, July 15th. Keefe, Bruyette & Woods raised their target price on shares of Apollo Commercial Real Estate Finance from $10.50 to $10.75 and gave the stock an "outperform" rating in a report on Thursday, July 10th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Apollo Commercial Real Estate Finance currently has an average rating of "Hold" and an average price target of $10.31.

Apollo Commercial Real Estate Finance Price Performance

NYSE:ARI traded up $0.04 on Tuesday, reaching $11.03. The stock had a trading volume of 95,644 shares, compared to its average volume of 1,105,956. The company has a market capitalization of $1.53 billion, a P/E ratio of -78.82, a price-to-earnings-growth ratio of 0.32 and a beta of 1.57. Apollo Commercial Real Estate Finance has a 1-year low of $7.70 and a 1-year high of $11.04. 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 stock has a fifty day moving average price of $10.07 and a 200-day moving average price of $9.72.

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.