Credit Suisse AG Acquires 11,310 Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Credit Suisse AG boosted its holdings in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI – Get Rating) by 6.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 185,233 shares of the real estate investment trust’s stock after purchasing an additional 11,310 shares during the quarter. Credit Suisse AG owned approximately 0.13% of Apollo Commercial Real Estate Finance worth $1,538,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ARI. Newbridge Financial Services Group Inc. bought a new position in Apollo Commercial Real Estate Finance in the 3rd quarter worth approximately $42,000. Geneos Wealth Management Inc. boosted its stake 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 worth $60,000 after purchasing an additional 3,785 shares during the period. EMC Capital Management boosted its stake in Apollo Commercial Real Estate Finance by 51.2% in the 2nd quarter. EMC Capital Management now owns 6,140 shares of the real estate investment trust’s stock worth $64,000 after purchasing an additional 2,080 shares during the period. SeaCrest Wealth Management LLC bought a new position in Apollo Commercial Real Estate Finance in the 2nd quarter worth approximately $82,000. Finally, CFO4Life Group LLC bought a new position in Apollo Commercial Real Estate Finance in the 3rd quarter worth approximately $83,000. 54.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ARI shares. Bank Of America (Bofa) started coverage on Apollo Commercial Real Estate Finance in a report on Tuesday, November 22nd. They set a “neutral” rating and a $12.00 price objective on the stock. Bank of America reaffirmed a “neutral” rating and set a $12.00 price objective on shares of Apollo Commercial Real Estate Finance in a report on Monday, November 21st.

Apollo Commercial Real Estate Finance Stock Performance

NYSE:ARI opened at $11.23 on Wednesday. The stock’s fifty day moving average is $11.62 and its 200 day moving average is $11.21. Apollo Commercial Real Estate Finance, Inc. has a fifty-two week low of $7.91 and a fifty-two week high of $14.55. The firm has a market capitalization of $1.59 billion, a PE ratio of 7.06 and a beta of 1.61. The company has a debt-to-equity ratio of 0.63, a quick ratio of 36.70 and a current ratio of 36.70.

Apollo Commercial Real Estate Finance Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 13th. Investors of record on Friday, December 30th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, December 29th. This represents a $1.40 annualized dividend and a yield of 12.47%. Apollo Commercial Real Estate Finance’s payout ratio is presently 88.05%.

Apollo Commercial Real Estate Finance Company Profile

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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.