Atria Wealth Solutions Inc. Trims Holdings in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Atria Wealth Solutions Inc. cut its stake in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 4.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,772 shares of the real estate investment trust’s stock after selling 1,161 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Apollo Commercial Real Estate Finance were worth $314,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Naples Money Management LLC purchased a new stake in shares of Apollo Commercial Real Estate Finance in the fourth quarter valued at about $64,000. EMC Capital Management grew 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 buying an additional 3,971 shares during the period. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of Apollo Commercial Real Estate Finance during the 3rd quarter worth approximately $105,000. Vanguard Personalized Indexing Management LLC raised its position in shares of Apollo Commercial Real Estate Finance by 7.6% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 15,966 shares of the real estate investment trust’s stock valued at $162,000 after buying an additional 1,129 shares during the period. Finally, Kingswood Wealth Advisors LLC acquired a new position in Apollo Commercial Real Estate Finance in the fourth quarter valued at approximately $221,000. Hedge funds and other institutional investors own 54.43% of the company’s stock.

Apollo Commercial Real Estate Finance Price Performance

ARI opened at $10.00 on Wednesday. The stock’s 50-day moving average price is $10.84 and its 200 day moving average price is $11.02. Apollo Commercial Real Estate Finance, Inc. has a 12-month low of $9.22 and a 12-month high of $12.74. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of -12.81 and a beta of 1.69. The company has a current ratio of 52.35, a quick ratio of 52.35 and a debt-to-equity ratio of 0.61.

Apollo Commercial Real Estate Finance Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.35 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.40 annualized dividend and a dividend yield of 14.01%. Apollo Commercial Real Estate Finance’s dividend payout ratio is presently -179.49%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ARI shares. Keefe, Bruyette & Woods cut their target price on Apollo Commercial Real Estate Finance from $11.00 to $10.00 and set a “market perform” rating for the company in a research note on Wednesday, May 1st. Bank of America downgraded Apollo Commercial Real Estate Finance from a “neutral” rating to an “underperform” rating and set a $10.50 price objective for the company. in a research report on Monday, March 4th. TheStreet raised shares of 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. reduced their price target on shares of 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 equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $10.38.

Insider Activity

In related news, Director Mark C. Biderman sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $10.00, for a total transaction of $150,000.00. Following the sale, the director now directly owns 60,625 shares of the company’s stock, valued at approximately $606,250. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Apollo Commercial Real Estate Finance news, Director Mark C. Biderman sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $10.00, for a total value of $150,000.00. Following the completion of the transaction, the director now owns 60,625 shares of the company’s stock, valued at approximately $606,250. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Stuart Rothstein sold 40,000 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $10.60, for a total value of $424,000.00. Following the sale, the chief executive officer now directly owns 415,292 shares in the company, valued at approximately $4,402,095.20. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.

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.