Amalgamated Bank Sells 2,067 Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Amalgamated Bank cut its holdings in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 5.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 38,290 shares of the real estate investment trust’s stock after selling 2,067 shares during the quarter. Amalgamated Bank’s holdings in Apollo Commercial Real Estate Finance were worth $352,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cetera Advisors LLC lifted its position in shares of Apollo Commercial Real Estate Finance by 400.4% during the 1st quarter. Cetera Advisors LLC now owns 83,443 shares of the real estate investment trust’s stock valued at $930,000 after acquiring an additional 66,768 shares during the period. Van ECK Associates Corp raised its holdings in shares of Apollo Commercial Real Estate Finance by 32.1% during the second quarter. Van ECK Associates Corp now owns 1,034,316 shares of the real estate investment trust’s stock valued at $10,126,000 after purchasing an additional 251,280 shares during the period. CANADA LIFE ASSURANCE Co boosted its position in shares of Apollo Commercial Real Estate Finance by 6.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 110,304 shares of the real estate investment trust’s stock worth $1,229,000 after purchasing an additional 6,720 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Apollo Commercial Real Estate Finance by 36.1% during the 2nd quarter. Victory Capital Management Inc. now owns 225,123 shares of the real estate investment trust’s stock worth $2,204,000 after purchasing an additional 59,764 shares in the last quarter. Finally, ProShare Advisors LLC increased its position in Apollo Commercial Real Estate Finance by 7.5% in the 1st quarter. ProShare Advisors LLC now owns 28,386 shares of the real estate investment trust’s stock valued at $316,000 after buying an additional 1,985 shares in the last quarter. 54.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. UBS Group cut their price target on Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a “neutral” rating on the stock in a report on Friday. StockNews.com cut Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a report on Monday, November 4th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating for the company in a research note on Thursday, October 17th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $9.63.

Apollo Commercial Real Estate Finance Stock Down 0.4 %

ARI stock opened at $9.07 on Monday. The firm has a market capitalization of $1.25 billion, a PE ratio of -9.86 and a beta of 1.75. The company has a quick ratio of 46.13, a current ratio of 46.13 and a debt-to-equity ratio of 0.67. Apollo Commercial Real Estate Finance, Inc. has a twelve month low of $8.52 and a twelve month high of $12.74. The stock’s 50 day moving average is $9.15 and its 200-day moving average is $9.85.

Apollo Commercial Real Estate Finance Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 11.03%. The ex-dividend date was Monday, September 30th. Apollo Commercial Real Estate Finance’s dividend payout ratio is -108.69%.

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.