Y Intercept Hong Kong Ltd Purchases Shares of 93,212 Apollo Commercial Real Estate Finance (NYSE:ARI)

Key Points

• Y Intercept Hong Kong Ltd acquired 93,212 shares of Apollo Commercial Real Estate Finance (NYSE: ARI), valued at approximately $892,000, representing about 0.07% of the company's stock.
• Multiple institutional investors, including Nomura Holdings Inc. and JPMorgan Chase & Co., have also significantly increased their holdings in Apollo Commercial Real Estate Finance in the recent quarters.
• Despite recent price target adjustments by analysts, the company's consensus rating remains a "Hold" with a target price of $10.31.

Y Intercept Hong Kong Ltd purchased a new position in Apollo Commercial Real Estate Finance (NYSE:ARI - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 93,212 shares of the real estate investment trust's stock, valued at approximately $892,000. Y Intercept Hong Kong Ltd owned 0.07% of Apollo Commercial Real Estate Finance as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in ARI. Versant Capital Management Inc grew 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 worth $33,000 after acquiring an additional 1,256 shares during the period. CWM LLC grew its stake in shares of Apollo Commercial Real Estate Finance by 39.2% in the first quarter. CWM LLC now owns 3,858 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 1,087 shares during the period. Sterling Capital Management LLC grew its stake in shares of Apollo Commercial Real Estate Finance by 783.8% in the fourth quarter. Sterling Capital Management LLC now owns 4,366 shares of the real estate investment trust's stock worth $38,000 after acquiring an additional 3,872 shares during the period. CF Capital LLC bought a new stake in shares of Apollo Commercial Real Estate Finance in the fourth quarter worth approximately $52,000. Finally, Murphy & Mullick Capital Management Corp bought a new stake in shares of Apollo Commercial Real Estate Finance in the fourth quarter worth approximately $67,000. 54.43% of the stock is currently owned by institutional investors.

Apollo Commercial Real Estate Finance Stock Performance

Shares of ARI traded up $0.03 on Tuesday, reaching $9.79. The company's stock had a trading volume of 222,313 shares, compared to its average volume of 1,155,012. The company has a debt-to-equity ratio of 0.67, a current ratio of 74.89 and a quick ratio of 74.89. Apollo Commercial Real Estate Finance has a 12-month low of $7.70 and a 12-month high of $11.10. The stock has a market capitalization of $1.36 billion, a P/E ratio of -326.17, a PEG ratio of 0.26 and a beta of 1.46. The stock's 50 day simple moving average is $9.83 and its two-hundred day simple moving average is $9.52.

Apollo Commercial Real Estate Finance Announces Dividend

The company also recently declared 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 10.22%. The ex-dividend date of this dividend was Monday, June 30th. Apollo Commercial Real Estate Finance's dividend payout ratio is currently -3,333.33%.

Insiders Place Their Bets

In other Apollo Commercial Real Estate Finance news, CEO Stuart Rothstein sold 52,074 shares of Apollo Commercial Real Estate Finance stock in a transaction that occurred on Monday, June 16th. The shares were 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 $3,281,784.82. The trade was a 13.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.68% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ARI shares. Wall Street Zen downgraded shares of Apollo Commercial Real Estate Finance from a "buy" rating to a "hold" rating in a report on Wednesday, April 23rd. BTIG Research raised shares of Apollo Commercial Real Estate Finance from a "neutral" rating to a "buy" rating and set a $11.00 price objective on the stock in a report on Wednesday, April 23rd. JMP Securities reissued a "market perform" rating on shares of Apollo Commercial Real Estate Finance in a report on Tuesday, April 29th. UBS Group raised their price objective on shares of Apollo Commercial Real Estate Finance from $10.00 to $10.50 and gave the stock a "neutral" rating in a report on Tuesday, July 15th. Finally, Keefe, Bruyette & Woods raised their price objective 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. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently 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.