Global Retirement Partners LLC Boosts Holdings in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Global Retirement Partners LLC lifted its stake in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARIFree Report) by 707.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,540 shares of the real estate investment trust’s stock after buying an additional 17,997 shares during the quarter. Global Retirement Partners LLC’s holdings in Apollo Commercial Real Estate Finance were worth $235,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. US Bancorp DE lifted its holdings in shares of Apollo Commercial Real Estate Finance by 84.8% in the second quarter. US Bancorp DE now owns 2,230 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 1,023 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Apollo Commercial Real Estate Finance by 721.0% in the first quarter. Geneos Wealth Management Inc. now owns 4,310 shares of the real estate investment trust’s stock worth $60,000 after buying an additional 3,785 shares in the last quarter. EMC Capital Management lifted its holdings in shares of Apollo Commercial Real Estate Finance by 134.6% in the third quarter. EMC Capital Management now owns 6,922 shares of the real estate investment trust’s stock worth $70,000 after buying an additional 3,971 shares in the last quarter. Belpointe Asset Management LLC lifted its holdings in shares of Apollo Commercial Real Estate Finance by 154.8% in the first quarter. Belpointe Asset Management LLC now owns 9,173 shares of the real estate investment trust’s stock worth $85,000 after buying an additional 5,573 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY lifted its holdings in shares of Apollo Commercial Real Estate Finance by 11.7% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 8,666 shares of the real estate investment trust’s stock worth $93,000 after buying an additional 907 shares in the last quarter. Hedge funds and other institutional investors own 54.43% of the company’s stock.

Apollo Commercial Real Estate Finance Trading Up 1.2 %

ARI stock opened at $10.96 on Thursday. The company has a quick ratio of 67.73, a current ratio of 67.74 and a debt-to-equity ratio of 0.57. Apollo Commercial Real Estate Finance, Inc. has a twelve month low of $8.58 and a twelve month high of $12.74. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 36.53 and a beta of 1.67. The firm’s fifty day simple moving average is $11.06 and its two-hundred day simple moving average is $10.94.

Apollo Commercial Real Estate Finance Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 12.77%. The ex-dividend date of this dividend is Wednesday, March 27th. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is 466.67%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Bank of America cut 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 report on Monday, March 4th. TheStreet upgraded shares of Apollo Commercial Real Estate Finance from a “d+” rating to a “c-” rating in a research report on Wednesday, March 20th. Finally, UBS Group assumed 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 on the stock. One analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat, Apollo Commercial Real Estate Finance currently has a consensus rating of “Hold” and an average target price of $10.38.

Get Our Latest Stock Analysis on Apollo Commercial Real Estate Finance

Insider Buying and Selling at Apollo Commercial Real Estate Finance

In other Apollo Commercial Real Estate Finance news, CEO Stuart Rothstein sold 40,000 shares of the business’s stock in a transaction on 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 $6,202,178.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.61% of the company’s stock.

About Apollo Commercial Real Estate Finance

(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.

See Also

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

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