Mirae Asset Global Investments Co. Ltd. Sells 59,446 Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Mirae Asset Global Investments Co. Ltd. decreased its holdings in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 7.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 710,928 shares of the real estate investment trust’s stock after selling 59,446 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.50% of Apollo Commercial Real Estate Finance worth $8,346,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in Apollo Commercial Real Estate Finance by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 15,665,083 shares of the real estate investment trust’s stock worth $158,687,000 after buying an additional 54,938 shares during the period. State Street Corp raised its stake in Apollo Commercial Real Estate Finance by 2.4% during the 2nd quarter. State Street Corp now owns 5,263,454 shares of the real estate investment trust’s stock worth $56,764,000 after buying an additional 122,504 shares during the period. Invesco Ltd. raised its stake in Apollo Commercial Real Estate Finance by 24.6% during the 1st quarter. Invesco Ltd. now owns 2,715,545 shares of the real estate investment trust’s stock worth $37,827,000 after buying an additional 536,101 shares during the period. Geode Capital Management LLC raised its stake in Apollo Commercial Real Estate Finance by 3.9% during the 2nd quarter. Geode Capital Management LLC now owns 2,688,446 shares of the real estate investment trust’s stock worth $30,433,000 after buying an additional 101,488 shares during the period. Finally, Morgan Stanley raised its stake in Apollo Commercial Real Estate Finance by 2.4% during the 4th quarter. Morgan Stanley now owns 2,147,268 shares of the real estate investment trust’s stock worth $23,105,000 after buying an additional 50,400 shares during the period. Institutional investors own 54.43% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. 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 note on Wednesday. Bank of America downgraded 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 note on Monday, March 4th. Finally, TheStreet raised Apollo Commercial Real Estate Finance from a “d+” rating to a “c-” rating in a research note on Wednesday, March 20th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat.com, Apollo Commercial Real Estate Finance presently has an average rating of “Hold” and a consensus target price of $10.50.

Apollo Commercial Real Estate Finance Stock Performance

Shares of Apollo Commercial Real Estate Finance stock opened at $10.76 on Friday. The company has a market cap of $1.53 billion, a PE ratio of 35.87 and a beta of 1.67. Apollo Commercial Real Estate Finance, Inc. has a 52 week low of $8.94 and a 52 week high of $12.74. The business has a 50 day moving average price of $10.98 and a 200-day moving average price of $10.96. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 13.01%. The ex-dividend date is Wednesday, March 27th. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is presently 466.67%.

Insider Activity

In other news, CEO Stuart Rothstein sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $11.45, for a total value of $458,000.00. Following the completion of the transaction, 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 filing with the SEC, which is accessible through this hyperlink. 0.61% of the stock is currently owned by corporate 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.