PNC Financial Services Group Inc. Reduces Stock Position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

PNC Financial Services Group Inc. lessened its stake in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARIFree Report) by 21.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,754 shares of the real estate investment trust’s stock after selling 6,047 shares during the period. PNC Financial Services Group Inc.’s holdings in Apollo Commercial Real Estate Finance were worth $255,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of ARI. Victory Capital Management Inc. grew its stake in shares of Apollo Commercial Real Estate Finance by 47.5% during the 3rd quarter. Victory Capital Management Inc. now owns 127,026 shares of the real estate investment trust’s stock valued at $1,287,000 after purchasing an additional 40,911 shares during the period. Barclays PLC grew its position in Apollo Commercial Real Estate Finance by 56.4% during 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 period. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in Apollo Commercial Real Estate Finance during the third quarter valued at approximately $105,000. Swiss National Bank raised its position in Apollo Commercial Real Estate Finance by 1.0% in the third quarter. Swiss National Bank now owns 295,139 shares of the real estate investment trust’s stock worth $2,990,000 after acquiring an additional 3,000 shares during the period. Finally, Atria Wealth Solutions Inc. boosted its stake in shares of Apollo Commercial Real Estate Finance by 4.2% during the 3rd quarter. Atria Wealth Solutions Inc. now owns 27,933 shares of the real estate investment trust’s stock worth $283,000 after acquiring an additional 1,128 shares during the last quarter. Hedge funds and other institutional investors own 54.43% of the company’s stock.

Insider Buying and Selling

In other Apollo Commercial Real Estate Finance news, Director Mark C. Biderman sold 15,000 shares of Apollo Commercial Real Estate Finance stock in a transaction 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 sale, the director now directly owns 60,625 shares in the company, valued at approximately $606,250. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Stuart Rothstein sold 40,000 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark C. Biderman sold 15,000 shares of the 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 completion of 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. 0.68% of the stock is owned by company insiders.

Apollo Commercial Real Estate Finance Stock Down 1.1 %

NYSE ARI opened at $9.96 on Friday. 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 stock has a market cap of $1.42 billion, a PE ratio of -12.77, a P/E/G ratio of 1.52 and a beta of 1.73. The stock’s 50 day moving average is $10.42 and its 200 day moving average is $11.00.

Apollo Commercial Real Estate Finance Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 14.06%. The ex-dividend date of this dividend was Wednesday, March 27th. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is presently -179.49%.

Wall Street Analysts Forecast Growth

ARI has been the topic of a number of recent research reports. Bank of America cut 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 report on Monday, March 4th. Keefe, Bruyette & Woods lowered 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. reduced their target price on shares of 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 shares of 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 four have given a hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $10.38.

Get Our Latest Analysis on Apollo Commercial Real Estate Finance

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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