Diversify Advisory Services LLC Acquires Shares of 15,420 Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Diversify Advisory Services LLC bought a new position in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARIFree Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 15,420 shares of the real estate investment trust’s stock, valued at approximately $169,000.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Apollo Commercial Real Estate Finance by 0.4% in the third quarter. Vanguard Group Inc. now owns 15,665,083 shares of the real estate investment trust’s stock worth $158,687,000 after purchasing an additional 54,938 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Apollo Commercial Real Estate Finance by 6.5% in the 4th 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 during the period. Norges Bank bought a new position in shares of Apollo Commercial Real Estate Finance in the 4th quarter worth about $12,006,000. Van ECK Associates Corp lifted its position in Apollo Commercial Real Estate Finance by 2.7% during the 1st quarter. Van ECK Associates Corp now owns 783,036 shares of the real estate investment trust’s stock valued at $8,723,000 after acquiring an additional 20,957 shares during the period. Finally, Palogic Value Management L.P. boosted its stake in Apollo Commercial Real Estate Finance by 2.8% during the fourth quarter. Palogic Value Management L.P. now owns 92,741 shares of the real estate investment trust’s stock worth $1,089,000 after acquiring an additional 2,569 shares in the last quarter. Institutional investors own 54.43% of the company’s stock.

Insider Transactions at Apollo Commercial Real Estate Finance

In related news, Director Mark C. Biderman sold 15,000 shares of the stock in a transaction 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 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 Securities & Exchange Commission, which is available at this link. In related news, CEO Stuart Rothstein sold 40,000 shares of the business’s stock in a transaction 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 sale, the chief executive officer now owns 415,292 shares in the company, valued at $4,402,095.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark C. Biderman sold 15,000 shares of the company’s stock in a transaction 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 in the company, valued at approximately $606,250. The disclosure for this sale can be found here. Company insiders own 0.68% of the company’s stock.

Apollo Commercial Real Estate Finance Price Performance

Shares of ARI opened at $9.75 on Monday. Apollo Commercial Real Estate Finance, Inc. has a twelve month low of $9.14 and a twelve month high of $12.74. The company has a market capitalization of $1.39 billion, a P/E ratio of -12.50, a price-to-earnings-growth ratio of 1.49 and a beta of 1.76. The firm has a 50 day moving average of $10.05 and a 200 day moving average of $10.81. The company has a quick ratio of 52.35, a current 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 will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 14.36%. The ex-dividend date is Friday, June 28th. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently -179.49%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ARI. JPMorgan Chase & Co. decreased 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 research note on Wednesday, April 10th. 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 for the company in a research note on Wednesday, May 1st. Finally, TheStreet raised Apollo Commercial Real Estate Finance from a “d+” rating to a “c-” rating in a report on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat.com, Apollo Commercial Real Estate Finance has a consensus rating of “Hold” and an average target price of $10.38.

View Our Latest Report on ARI

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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