State of Alaska Department of Revenue Lowers Stock Holdings in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

State of Alaska Department of Revenue decreased its position in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 80,007 shares of the real estate investment trust’s stock after selling 961 shares during the period. State of Alaska Department of Revenue’s holdings in Apollo Commercial Real Estate Finance were worth $939,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ARI. US Bancorp DE raised its position in Apollo Commercial Real Estate Finance by 84.8% during the second quarter. US Bancorp DE now owns 2,230 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 1,023 shares in the last quarter. Geneos Wealth Management Inc. raised its position in Apollo Commercial Real Estate Finance by 721.0% during the first 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 in the last quarter. EMC Capital Management grew its stake in shares of Apollo Commercial Real Estate Finance by 134.6% during the third quarter. EMC Capital Management now owns 6,922 shares of the real estate investment trust’s stock valued at $70,000 after buying an additional 3,971 shares during the last quarter. Belpointe Asset Management LLC grew its stake in shares of Apollo Commercial Real Estate Finance by 154.8% during the first quarter. Belpointe Asset Management LLC now owns 9,173 shares of the real estate investment trust’s stock valued at $85,000 after buying an additional 5,573 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY grew its stake in shares of Apollo Commercial Real Estate Finance by 11.7% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 8,666 shares of the real estate investment trust’s stock valued at $93,000 after buying an additional 907 shares during the last quarter. Hedge funds and other institutional investors own 54.43% of the company’s stock.

Apollo Commercial Real Estate Finance Stock Up 1.1 %

NYSE ARI opened at $11.19 on Wednesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 67.74 and a quick ratio of 67.73. The stock has a market capitalization of $1.59 billion, a PE ratio of 37.30 and a beta of 1.67. Apollo Commercial Real Estate Finance, Inc. has a 1 year low of $8.58 and a 1 year high of $12.74. The business’s 50-day moving average is $11.00 and its 200 day moving average is $10.95.

Apollo Commercial Real Estate Finance Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be paid a $0.35 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $1.40 annualized dividend and a dividend yield of 12.51%. Apollo Commercial Real Estate Finance’s payout ratio is presently 466.67%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. TheStreet raised Apollo Commercial Real Estate Finance from a “d+” rating to a “c-” rating in a research note on Wednesday, March 20th. Bank of America cut Apollo Commercial Real Estate Finance from a “neutral” rating to an “underperform” rating and set a $10.50 price objective on the stock. in a research note on Monday, March 4th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $10.38.

Insider Buying and Selling

In related news, CEO Stuart Rothstein sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $11.45, for a total value of $458,000.00. Following the sale, the chief executive officer now directly owns 541,675 shares of the company’s stock, valued at $6,202,178.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.61% of the stock is owned by insiders.

About Apollo Commercial Real Estate Finance

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.