Parallel Advisors LLC Has $107,000 Position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Parallel Advisors LLC decreased its holdings in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARIFree Report) by 12.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,152 shares of the real estate investment trust’s stock after selling 1,261 shares during the period. Parallel Advisors LLC’s holdings in Apollo Commercial Real Estate Finance were worth $107,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. H&H Retirement Design & Management INC raised its holdings in shares of Apollo Commercial Real Estate Finance by 3.3% in the 4th quarter. H&H Retirement Design & Management INC now owns 33,644 shares of the real estate investment trust’s stock worth $395,000 after acquiring an additional 1,081 shares during the last quarter. Norges Bank purchased a new stake in shares of Apollo Commercial Real Estate Finance in the fourth quarter worth approximately $12,006,000. MAS Advisors LLC lifted its holdings in shares of Apollo Commercial Real Estate Finance by 5.4% in the fourth quarter. MAS Advisors LLC now owns 30,092 shares of the real estate investment trust’s stock valued at $353,000 after purchasing an additional 1,537 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Apollo Commercial Real Estate Finance by 6.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,961,777 shares of the real estate investment trust’s stock worth $23,031,000 after buying an additional 120,055 shares in the last quarter. Finally, Natixis Advisors L.P. bought a new stake in shares of Apollo Commercial Real Estate Finance in the 4th quarter worth $204,000. 54.43% of the stock is owned by institutional investors.

Insider Transactions at Apollo Commercial Real Estate Finance

In other Apollo Commercial Real Estate Finance news, Director Mark C. Biderman sold 15,000 shares of the company’s stock in a transaction dated 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 $606,250. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Mark C. Biderman sold 15,000 shares of Apollo Commercial Real Estate Finance 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 directly owns 60,625 shares in the company, valued at approximately $606,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Stuart Rothstein sold 40,000 shares of the 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 owns 415,292 shares in the company, valued at approximately $4,402,095.20. The disclosure for this sale can be found here. 0.68% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ARI. Keefe, Bruyette & Woods dropped their price target on shares of 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. cut 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. Bank of America downgraded Apollo Commercial Real Estate Finance from a “neutral” rating to an “underperform” rating and set a $10.50 price target for the company. in a research 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 research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $10.38.

View Our Latest Stock Analysis on ARI

Apollo Commercial Real Estate Finance Trading Up 1.2 %

NYSE:ARI opened at $10.07 on Thursday. Apollo Commercial Real Estate Finance, Inc. has a 12 month low of $9.14 and a 12 month high of $12.74. The company has a current ratio of 52.35, a quick ratio of 52.35 and a debt-to-equity ratio of 0.61. The firm’s 50 day moving average is $10.44 and its 200 day moving average is $11.01. The stock has a market capitalization of $1.43 billion, a PE ratio of -12.91, a price-to-earnings-growth ratio of 1.55 and a beta of 1.73.

Apollo Commercial Real Estate Finance Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 13.90%. Apollo Commercial Real Estate Finance’s dividend payout ratio is presently -179.49%.

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.

Further Reading

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

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