Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 34.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,058 shares of the real estate investment trust’s stock after selling 8,623 shares during the quarter. SG Americas Securities LLC’s holdings in Apollo Commercial Real Estate Finance were worth $189,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ARI. 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 valued at $25,000 after buying an additional 1,023 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of 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 during the last quarter. EMC Capital Management lifted its holdings 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 purchasing an additional 3,971 shares during the last quarter. Belpointe Asset Management LLC lifted its holdings 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 purchasing an additional 5,573 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY lifted its holdings 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 purchasing an additional 907 shares during the last quarter. Institutional investors and hedge funds own 54.43% of the company’s stock.

Apollo Commercial Real Estate Finance Stock Down 0.8 %

NYSE:ARI opened at $10.76 on Friday. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 35.87 and a beta of 1.67. Apollo Commercial Real Estate Finance, Inc. has a 1-year low of $8.94 and a 1-year high of $12.74. The company has a current ratio of 67.74, a quick ratio of 67.73 and a debt-to-equity ratio of 0.57. The business’s fifty day moving average price is $10.98 and its 200 day moving average price is $10.96.

Apollo Commercial Real Estate Finance Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 13.01%. The ex-dividend date is Wednesday, March 27th. Apollo Commercial Real Estate Finance’s payout ratio is 466.67%.

Insiders Place Their Bets

In other Apollo Commercial Real Estate Finance news, CEO Stuart Rothstein sold 40,000 shares of the company’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 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 legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

ARI has been the subject of several analyst reports. Bank of America downgraded Apollo Commercial Real Estate Finance from a “neutral” rating to an “underperform” rating and set a $10.50 target price for the company. in a report on Monday, March 4th. TheStreet raised Apollo Commercial Real Estate Finance from a “d+” rating to a “c-” rating in a report on Wednesday, March 20th. Finally, JPMorgan Chase & Co. dropped their price target on Apollo Commercial Real Estate Finance from $11.00 to $10.50 and set a “neutral” rating on the stock in a research report on Wednesday. One analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $10.50.

Apollo Commercial Real Estate Finance Company 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.