Voya Investment Management LLC lowered its stake in Apollo Commercial Real Estate Finance (NYSE:ARI – Free Report) by 11.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 39,984 shares of the real estate investment trust’s stock after selling 4,939 shares during the period. Voya Investment Management LLC’s holdings in Apollo Commercial Real Estate Finance were worth $383,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its position in shares of Apollo Commercial Real Estate Finance by 2.8% in 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 purchasing an additional 63,191 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Apollo Commercial Real Estate Finance by 89.8% in 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 during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of 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 worth $9,921,000 after acquiring an additional 13,774 shares during the period. Cura Wealth Advisors LLC lifted its stake 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 LLC acquired a new stake in Apollo Commercial Real Estate Finance during the first quarter valued at approximately $7,813,000. Institutional investors own 54.43% of the company’s stock.
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Apollo Commercial Real Estate Finance Trading Down 0.3%
Shares of Apollo Commercial Real Estate Finance stock opened at $10.25 on Friday. The stock has a market capitalization of $1.42 billion, a P/E ratio of -73.18, a price-to-earnings-growth ratio of 0.30 and a beta of 1.57. The company has a quick ratio of 98.25, a current ratio of 98.25 and a debt-to-equity ratio of 0.66. The company has a 50-day simple moving average of $10.28 and a 200 day simple moving average of $9.79. Apollo Commercial Real Estate Finance has a 12-month low of $7.70 and a 12-month high of $11.11.
Apollo Commercial Real Estate Finance Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 9.8%. The ex-dividend date is Tuesday, September 30th. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is presently -714.29%.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on ARI shares. UBS Group upped their price objective on shares of Apollo Commercial Real Estate Finance from $10.00 to $10.50 and gave the company a “neutral” rating in a research note on Tuesday, July 15th. 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. Finally, Zacks Research downgraded shares of Apollo Commercial Real Estate Finance from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 16th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $10.31.
View Our Latest Stock Analysis on ARI
Insiders Place Their Bets
In other Apollo Commercial Real Estate Finance news, CEO Stuart Rothstein sold 52,073 shares of the firm’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $10.78, for a total value of $561,346.94. Following the completion of the sale, the chief executive officer owned 281,781 shares in the company, valued at approximately $3,037,599.18. This trade represents a 15.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.68% of the company’s stock.
Apollo Commercial Real Estate Finance Profile
(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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Apollo Commercial Real Estate Finance $ARI Stock Holdings Decreased by Voya Investment Management LLC
