Raymond James Financial Services Advisors Inc. Sells 19,179 Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Raymond James Financial Services Advisors Inc. cut its position in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 64.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 10,727 shares of the real estate investment trust’s stock after selling 19,179 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Apollo Commercial Real Estate Finance were worth $126,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. EMC Capital Management lifted its stake in shares of Apollo Commercial Real Estate Finance by 134.6% in the 3rd 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. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in shares of Apollo Commercial Real Estate Finance in the third quarter worth approximately $105,000. Koshinski Asset Management Inc. raised its holdings in shares of Apollo Commercial Real Estate Finance by 13.3% in the third quarter. Koshinski Asset Management Inc. now owns 13,702 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 1,609 shares during the period. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Apollo Commercial Real Estate Finance by 7.6% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 15,966 shares of the real estate investment trust’s stock worth $162,000 after buying an additional 1,129 shares during the period. Finally, Private Advisor Group LLC raised its holdings in shares of Apollo Commercial Real Estate Finance by 7.6% in the third quarter. Private Advisor Group LLC now owns 23,032 shares of the real estate investment trust’s stock worth $233,000 after buying an additional 1,620 shares during the period. 54.43% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Apollo Commercial Real Estate Finance news, CEO Stuart Rothstein sold 40,000 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $10.60, for a total transaction of $424,000.00. Following the transaction, the chief executive officer now directly owns 415,292 shares in the company, valued at approximately $4,402,095.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ARI. JPMorgan Chase & Co. reduced 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 report on Wednesday, April 10th. 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 report on Monday, March 4th. Finally, TheStreet upgraded Apollo Commercial Real Estate Finance from a “d+” rating to a “c-” rating in a report on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. According to data from MarketBeat.com, Apollo Commercial Real Estate Finance currently has an average rating of “Hold” and an average target price of $10.50.

Apollo Commercial Real Estate Finance Trading Down 1.0 %

ARI opened at $10.73 on Friday. The stock’s fifty day moving average is $10.95 and its two-hundred day moving average is $11.00. The company has a market capitalization of $1.52 billion, a P/E ratio of 35.77 and a beta of 1.67. Apollo Commercial Real Estate Finance, Inc. has a 52 week low of $9.22 and a 52 week high of $12.74. 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 company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.40 annualized dividend and a yield of 13.05%. Apollo Commercial Real Estate Finance’s payout ratio is currently 466.67%.

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.