Raymond James & Associates trimmed its stake in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI - Free Report) by 64.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,966 shares of the real estate investment trust's stock after selling 90,425 shares during the period. Raymond James & Associates' holdings in Apollo Commercial Real Estate Finance were worth $575,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. SG Americas Securities LLC acquired a new stake in Apollo Commercial Real Estate Finance in the 3rd quarter valued at $250,000. Koshinski Asset Management Inc. increased its stake in Apollo Commercial Real Estate Finance by 13.3% in the 3rd quarter. Koshinski Asset Management Inc. now owns 13,702 shares of the real estate investment trust's stock valued at $139,000 after buying an additional 1,609 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Apollo Commercial Real Estate Finance by 21.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,738 shares of the real estate investment trust's stock valued at $311,000 after buying an additional 5,372 shares during the last quarter. Inspire Investing LLC increased its stake in Apollo Commercial Real Estate Finance by 8.7% in the 3rd quarter. Inspire Investing LLC now owns 30,264 shares of the real estate investment trust's stock valued at $307,000 after buying an additional 2,434 shares during the last quarter. Finally, Triumph Capital Management increased its stake in Apollo Commercial Real Estate Finance by 37.4% in the 3rd quarter. Triumph Capital Management now owns 52,316 shares of the real estate investment trust's stock valued at $548,000 after buying an additional 14,236 shares during the last quarter. 54.43% of the stock is currently owned by institutional investors and hedge funds.
Apollo Commercial Real Estate Finance Stock Performance
Shares of ARI traded up $0.06 during midday trading on Friday, reaching $10.80. The stock had a trading volume of 420,432 shares, compared to its average volume of 774,182. The firm has a 50 day simple moving average of $10.95 and a 200-day simple moving average of $11.00. Apollo Commercial Real Estate Finance, Inc. has a one year low of $9.22 and a one year high of $12.74. The firm has a market cap of $1.53 billion, a PE ratio of 35.80 and a beta of 1.67. The company has a current ratio of 67.74, a quick ratio of 67.73 and a debt-to-equity ratio of 0.57.
Apollo Commercial Real Estate Finance Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 12.97%. The ex-dividend date was Wednesday, March 27th. Apollo Commercial Real Estate Finance's payout ratio is 466.67%.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on the stock. Bank of America lowered shares of Apollo Commercial Real Estate Finance from a "neutral" rating to an "underperform" rating and set a $10.50 price target on the stock. in a research note on Monday, March 4th. TheStreet raised shares of Apollo Commercial Real Estate Finance from a "d+" rating to a "c-" rating in a research report on Wednesday, March 20th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Apollo Commercial Real Estate Finance from $11.00 to $10.50 and set a "neutral" rating for the company in a research report on Wednesday, April 10th. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $10.50.
Get Our Latest Research Report on ARI
Insider Buying and Selling
In related news, CEO Stuart Rothstein sold 40,000 shares of Apollo Commercial Real Estate Finance stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $10.60, for a total transaction of $424,000.00. Following the completion of the sale, the chief executive officer now owns 415,292 shares of the company's stock, valued at approximately $4,402,095.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.61% of the stock is currently owned by insiders.
Apollo Commercial Real Estate Finance Profile
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Free Report)
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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