State of Wyoming Takes Position 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 position in shares of Apollo Commercial Real Estate Finance (NYSE:ARI - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 26,215 shares of the real estate investment trust's stock, valued at approximately $251,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ARI. Nomura Holdings Inc. acquired a new position in Apollo Commercial Real Estate Finance in the fourth quarter valued at approximately $31,684,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Apollo Commercial Real Estate Finance by 2.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,326,569 shares of the real estate investment trust's stock worth $22,265,000 after acquiring an additional 63,191 shares during the period. Northern Trust Corp lifted its stake in Apollo Commercial Real Estate Finance by 14.9% in the 4th quarter. Northern Trust Corp now owns 1,745,469 shares of the real estate investment trust's stock valued at $15,116,000 after purchasing an additional 226,399 shares during the last quarter. Bank of New York Mellon Corp increased its position in Apollo Commercial Real Estate Finance by 1.3% in the 1st quarter. Bank of New York Mellon Corp now owns 1,036,715 shares of the real estate investment trust's stock valued at $9,921,000 after acquiring an additional 13,774 shares during the period. Finally, Nuveen LLC acquired a new stake in Apollo Commercial Real Estate Finance in the first quarter worth $7,813,000. 54.43% of the stock is currently owned by institutional investors and hedge funds.

Apollo Commercial Real Estate Finance Stock Down 0.4%

Shares of ARI stock traded down $0.05 during trading hours on Monday, reaching $10.93. The company had a trading volume of 368,283 shares, compared to its average volume of 1,109,610. 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 stock's fifty day simple moving average is $10.04 and its 200 day simple moving average is $9.71. Apollo Commercial Real Estate Finance has a twelve month low of $7.70 and a twelve month high of $11.04. The company has a market capitalization of $1.52 billion, a P/E ratio of -78.12, a price-to-earnings-growth ratio of 0.32 and a beta of 1.57.

Apollo Commercial Real Estate Finance Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 9.1%. The ex-dividend date was Monday, June 30th. Apollo Commercial Real Estate Finance's dividend payout ratio (DPR) is -714.29%.

Insider Buying and Selling at Apollo Commercial Real Estate Finance

In other Apollo Commercial Real Estate Finance news, CEO Stuart Rothstein sold 52,074 shares of the company's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $9.83, for a total transaction of $511,887.42. Following the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.68% of the company's stock.

Analyst Ratings Changes

ARI has been the topic of several research reports. Keefe, Bruyette & Woods boosted 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 research report on Thursday, July 10th. UBS Group raised their price target on shares of 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. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target 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.