Vanguard Group Inc. Has $158.69 Million Position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Vanguard Group Inc. increased its position in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARIFree Report) by 0.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,665,083 shares of the real estate investment trust’s stock after buying an additional 54,938 shares during the quarter. Vanguard Group Inc. owned 11.08% of Apollo Commercial Real Estate Finance worth $158,687,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ARI. MAS Advisors LLC increased its position in shares of Apollo Commercial Real Estate Finance by 17.1% during the first quarter. MAS Advisors LLC now owns 110,840 shares of the real estate investment trust’s stock valued at $1,535,000 after purchasing an additional 16,168 shares during the period. Bank of New York Mellon Corp boosted its stake in Apollo Commercial Real Estate Finance by 1.0% during the first quarter. Bank of New York Mellon Corp now owns 1,378,310 shares of the real estate investment trust’s stock worth $19,200,000 after buying an additional 13,735 shares in the last quarter. Natixis Advisors L.P. increased its holdings in Apollo Commercial Real Estate Finance by 28.0% in the 1st quarter. Natixis Advisors L.P. now owns 22,392 shares of the real estate investment trust’s stock valued at $312,000 after buying an additional 4,899 shares during the period. MetLife Investment Management LLC raised its stake in shares of Apollo Commercial Real Estate Finance by 57.3% in the 1st quarter. MetLife Investment Management LLC now owns 73,379 shares of the real estate investment trust’s stock valued at $1,022,000 after buying an additional 26,742 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Apollo Commercial Real Estate Finance by 14.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 113,890 shares of the real estate investment trust’s stock valued at $1,586,000 after acquiring an additional 14,502 shares in the last quarter. 54.43% of the stock is currently owned by institutional investors.

Apollo Commercial Real Estate Finance Stock Performance

NYSE ARI opened at $10.94 on Tuesday. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 36.47 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, Inc. has a 1-year low of $8.58 and a 1-year high of $12.74. The company has a 50 day moving average of $11.09 and a 200-day moving average of $10.94.

Apollo Commercial Real Estate Finance Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 12.80%. The ex-dividend date is Wednesday, March 27th. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently 466.67%.

Insider Transactions at Apollo Commercial Real Estate Finance

In related news, CEO Stuart Rothstein sold 40,000 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $11.45, for a total transaction of $458,000.00. Following the transaction, the chief executive officer now owns 541,675 shares in the company, valued at approximately $6,202,178.75. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ARI. UBS Group started coverage on shares of Apollo Commercial Real Estate Finance in a research report on Wednesday, December 6th. They issued a “neutral” rating and a $10.50 price target for the company. TheStreet upgraded Apollo Commercial Real Estate Finance from a “d+” rating to a “c-” rating in a research report on Wednesday, March 20th. Finally, Bank of America cut 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 report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $10.38.

Read Our Latest Stock Analysis on ARI

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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Institutional Ownership by Quarter for Apollo Commercial Real Estate Finance (NYSE:ARI)

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