Norges Bank Invests $12.01 Million in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Norges Bank purchased a new stake in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARIFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,022,673 shares of the real estate investment trust’s stock, valued at approximately $12,006,000. Norges Bank owned 0.72% of Apollo Commercial Real Estate Finance as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. QRG Capital Management Inc. acquired a new position in Apollo Commercial Real Estate Finance in the 3rd quarter valued at $765,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Apollo Commercial Real Estate Finance by 5.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,841,722 shares of the real estate investment trust’s stock worth $18,657,000 after buying an additional 98,053 shares in the last quarter. Barclays PLC raised its position in shares of Apollo Commercial Real Estate Finance by 56.4% in the third quarter. Barclays PLC now owns 136,190 shares of the real estate investment trust’s stock valued at $1,380,000 after buying an additional 49,124 shares during the last quarter. Alps Advisors Inc. purchased a new position in shares of Apollo Commercial Real Estate Finance in the third quarter worth about $366,000. Finally, International Assets Investment Management LLC acquired a new position in Apollo Commercial Real Estate Finance during the fourth quarter worth about $1,840,000. Hedge funds and other institutional investors own 54.43% of the company’s stock.

Apollo Commercial Real Estate Finance Stock Down 2.5 %

ARI stock opened at $9.95 on Wednesday. Apollo Commercial Real Estate Finance, Inc. has a one year low of $9.14 and a one year high of $12.74. The firm has a market cap of $1.41 billion, a PE ratio of -12.75, a PEG ratio of 1.54 and a beta of 1.73. The firm’s 50 day moving average price is $10.46 and its 200-day moving average price is $11.02. The company has a debt-to-equity ratio of 0.61, a quick ratio of 52.35 and a current ratio of 52.35.

Apollo Commercial Real Estate Finance Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.40 dividend on an annualized basis and a yield of 14.08%. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently -179.49%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ARI. Bank of America lowered shares of 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. Keefe, Bruyette & Woods reduced their price objective on Apollo Commercial Real Estate Finance from $11.00 to $10.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 1st. JPMorgan Chase & Co. dropped their target price on Apollo Commercial Real Estate Finance from $11.00 to $10.50 and set a “neutral” rating for the company in a report on Wednesday, April 10th. 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 investment 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.com, the company presently has a consensus rating of “Hold” and an average target price of $10.38.

Read Our Latest Stock Report on ARI

Insider Activity

In related news, CEO Stuart Rothstein sold 40,000 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $10.60, for a total transaction of $424,000.00. Following the completion of the sale, the chief executive officer now directly owns 415,292 shares of the company’s stock, valued at approximately $4,402,095.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Stuart Rothstein sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $10.60, for a total value 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mark C. Biderman sold 15,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $10.00, for a total transaction of $150,000.00. Following the transaction, the director now directly owns 60,625 shares of the company’s stock, valued at approximately $606,250. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.

Apollo Commercial Real Estate Finance Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Apollo Commercial Real Estate Finance (NYSE:ARI)

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