Macquarie Group Ltd. lessened its stake in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI – Get Rating) by 3.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 77,600 shares of the real estate investment trust’s stock after selling 2,432 shares during the quarter. Macquarie Group Ltd.’s holdings in Apollo Commercial Real Estate Finance were worth $664,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geneos Wealth Management Inc. raised its position in Apollo Commercial Real Estate Finance by 721.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 4,310 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 3,785 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new position in Apollo Commercial Real Estate Finance during the 3rd quarter worth $42,000. EMC Capital Management raised its position in Apollo Commercial Real Estate Finance by 51.2% during the 2nd quarter. EMC Capital Management now owns 6,140 shares of the real estate investment trust’s stock worth $64,000 after buying an additional 2,080 shares during the last quarter. Covestor Ltd raised its position in Apollo Commercial Real Estate Finance by 131.9% during the 1st quarter. Covestor Ltd now owns 7,213 shares of the real estate investment trust’s stock worth $100,000 after buying an additional 4,102 shares during the last quarter. Finally, SeaCrest Wealth Management LLC acquired a new position in shares of Apollo Commercial Real Estate Finance during the 2nd quarter worth $82,000. Hedge funds and other institutional investors own 54.57% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equity analysts have recently weighed in on ARI shares. Bank Of America (Bofa) started coverage on shares of Apollo Commercial Real Estate Finance in a research note on Tuesday, November 22nd. They set a “neutral” rating and a $12.00 price target on the stock. Bank of America reissued a “neutral” rating and issued a $12.00 price objective on shares of Apollo Commercial Real Estate Finance in a research note on Monday, November 21st.
Apollo Commercial Real Estate Finance Price Performance
NYSE:ARI opened at $10.07 on Monday. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 6.33 and a beta of 1.61. The company has a current ratio of 36.70, a quick ratio of 36.70 and a debt-to-equity ratio of 0.63. The company’s 50-day moving average is $11.61 and its two-hundred day moving average is $11.17. Apollo Commercial Real Estate Finance, Inc. has a 12-month low of $7.91 and a 12-month high of $14.55.
Apollo Commercial Real Estate Finance Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, December 30th were issued a $0.35 dividend. The ex-dividend date was Thursday, December 29th. This represents a $1.40 dividend on an annualized basis and a yield of 13.90%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is 88.05%.
About Apollo Commercial Real Estate Finance
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Apollo Commercial Real Estate Finance, Inc. engages in the provision of real estate investment trust. It offers loan programs that include senior loans, subordinate debt, bridge loans, and preferred equity. The company was founded on June 29, 2009 and is headquartered in New York, NY.
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