Nisa Investment Advisors LLC Cuts Position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Nisa Investment Advisors LLC cut its stake in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 34.9% during the fourth quarter, HoldingsChannel reports. The fund owned 55,372 shares of the real estate investment trust’s stock after selling 29,688 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Apollo Commercial Real Estate Finance were worth $650,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ARI. US Bancorp DE increased its holdings in shares of Apollo Commercial Real Estate Finance by 84.8% in the 2nd quarter. US Bancorp DE now owns 2,230 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 1,023 shares during the period. Geneos Wealth Management Inc. grew its stake in Apollo Commercial Real Estate Finance by 721.0% during the 1st 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 during the last quarter. EMC Capital Management grew its stake in Apollo Commercial Real Estate Finance by 134.6% during the 3rd 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 during the last quarter. Belpointe Asset Management LLC grew its stake in Apollo Commercial Real Estate Finance by 154.8% during the 1st 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 during the last quarter. Finally, Metropolitan Life Insurance Co NY grew its stake in Apollo Commercial Real Estate Finance by 11.7% during the 4th 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 during the last quarter. 54.43% of the stock is currently owned by hedge funds and other institutional investors.

Apollo Commercial Real Estate Finance Stock Down 1.8 %

Apollo Commercial Real Estate Finance stock opened at $10.39 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 67.73 and a current ratio of 67.74. The business’s 50-day simple moving average is $10.97 and its two-hundred day simple moving average is $10.97. The company has a market cap of $1.48 billion, a PE ratio of 34.60 and a beta of 1.67. Apollo Commercial Real Estate Finance, Inc. has a fifty-two week low of $9.02 and a fifty-two week high of $12.74.

Apollo Commercial Real Estate Finance Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.35 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.40 annualized dividend and a yield of 13.48%. Apollo Commercial Real Estate Finance’s payout ratio is presently 466.67%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on ARI shares. Bank of America downgraded Apollo Commercial Real Estate Finance from a “neutral” rating to an “underperform” rating and set a $10.50 target price on the stock. in a research note on Monday, March 4th. TheStreet upgraded Apollo Commercial Real Estate Finance from a “d+” rating to a “c-” rating in a research note on Wednesday, March 20th. Finally, JPMorgan Chase & Co. dropped their target price 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, April 10th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $10.50.

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.