Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Shares Sold by Arkadios Wealth Advisors

Arkadios Wealth Advisors lessened its holdings in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 16.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,513 shares of the real estate investment trust’s stock after selling 2,028 shares during the quarter. Arkadios Wealth Advisors’ holdings in Apollo Commercial Real Estate Finance were worth $123,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Apollo Commercial Real Estate Finance by 0.4% during the third quarter. Vanguard Group Inc. now owns 15,665,083 shares of the real estate investment trust’s stock worth $158,687,000 after purchasing an additional 54,938 shares in the last quarter. State Street Corp raised its holdings in Apollo Commercial Real Estate Finance by 2.4% in the second quarter. State Street Corp now owns 5,263,454 shares of the real estate investment trust’s stock valued at $56,764,000 after acquiring an additional 122,504 shares in the last quarter. Invesco Ltd. raised its holdings in Apollo Commercial Real Estate Finance by 24.6% in the first quarter. Invesco Ltd. now owns 2,715,545 shares of the real estate investment trust’s stock valued at $37,827,000 after acquiring an additional 536,101 shares in the last quarter. Geode Capital Management LLC raised its holdings in Apollo Commercial Real Estate Finance by 3.9% in the second quarter. Geode Capital Management LLC now owns 2,688,446 shares of the real estate investment trust’s stock valued at $30,433,000 after acquiring an additional 101,488 shares in the last quarter. Finally, Morgan Stanley raised its holdings in Apollo Commercial Real Estate Finance by 2.4% in the fourth quarter. Morgan Stanley now owns 2,147,268 shares of the real estate investment trust’s stock valued at $23,105,000 after acquiring an additional 50,400 shares in the last quarter. Institutional investors and hedge funds own 54.43% of the company’s stock.

Analysts Set New Price Targets

ARI has been the topic of several analyst reports. TheStreet raised shares of Apollo Commercial Real Estate Finance from a “d+” rating to a “c-” rating in a report on Wednesday, March 20th. 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 objective on the stock. in a report on Monday, March 4th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Apollo Commercial Real Estate Finance from $11.00 to $10.50 and set a “neutral” rating for the company in a research report on Wednesday. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $10.38.

Insider Activity

In other news, CEO Stuart Rothstein sold 40,000 shares of Apollo Commercial Real Estate Finance stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $11.45, for a total value of $458,000.00. Following the transaction, the chief executive officer now directly owns 541,675 shares of the company’s stock, valued at approximately $6,202,178.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.61% of the company’s stock.

Apollo Commercial Real Estate Finance Stock Down 5.0 %

Shares of NYSE:ARI opened at $10.63 on Thursday. The company has a market capitalization of $1.51 billion, a PE ratio of 35.43 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 twelve month low of $8.94 and a twelve month high of $12.74. The firm has a 50 day simple moving average of $10.99 and a 200-day simple moving average of $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. Stockholders of record on Thursday, March 28th will be issued a $0.35 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 13.17%. Apollo Commercial Real Estate Finance’s payout ratio is 466.67%.

Apollo Commercial Real Estate Finance Profile

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.