Strs Ohio Takes $256,000 Position in Apollo Commercial Real Estate Finance $ARI

Key Points

• Strs Ohio has acquired 26,700 shares of Apollo Commercial Real Estate Finance valued at approximately $256,000 in the 1st quarter.
• Recent institutional changes include MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raising its stake by 89.8%, now owning over $17 million in shares.
• The stock's current price target from analysts ranges from $10.50 to $10.75, with a consensus rating of "Hold" based on MarketBeat data.

Strs Ohio acquired a new position in Apollo Commercial Real Estate Finance (NYSE:ARI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 26,700 shares of the real estate investment trust's stock, valued at approximately $256,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ARI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of 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 in the last quarter. Nuveen LLC bought a new stake in shares of Apollo Commercial Real Estate Finance in the 1st quarter worth approximately $7,813,000. Millennium Management LLC lifted its position in shares of Apollo Commercial Real Estate Finance by 265.3% in 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 lifted its position in shares of Apollo Commercial Real Estate Finance by 23.0% in 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 lifted its position in shares of 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 buying an additional 139,643 shares during the period. 54.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Keefe, Bruyette & Woods raised their target price on Apollo Commercial Real Estate Finance from $10.50 to $10.75 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. UBS Group boosted their target price on Apollo Commercial Real Estate Finance from $10.00 to $10.50 and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. Finally, Zacks Research downgraded Apollo Commercial Real Estate Finance from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 16th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $10.31.

Apollo Commercial Real Estate Finance Stock Performance

Shares of NYSE ARI opened at $10.46 on Thursday. The stock has a 50 day moving average price of $10.26 and a 200 day moving average price of $9.78. Apollo Commercial Real Estate Finance has a 52 week low of $7.70 and a 52 week high of $11.11. 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 has a market capitalization of $1.45 billion, a PE ratio of -74.71, a price-to-earnings-growth ratio of 0.30 and a beta of 1.57.

Apollo Commercial Real Estate Finance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a $0.25 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $1.00 annualized dividend and a yield of 9.6%. Apollo Commercial Real Estate Finance's dividend payout ratio is currently -714.29%.

Insider Transactions at Apollo Commercial Real Estate Finance

In other Apollo Commercial Real Estate Finance news, CEO Stuart Rothstein sold 52,073 shares of the company'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 value of $561,346.94. Following the sale, the chief executive officer owned 281,781 shares in the company, valued at $3,037,599.18. This represents a 15.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.68% of the stock is owned by corporate insiders.

About Apollo Commercial Real Estate Finance

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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