Geode Capital Management LLC Sells 83,352 Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Geode Capital Management LLC lessened its holdings in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 2.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,095,323 shares of the real estate investment trust’s stock after selling 83,352 shares during the period. Geode Capital Management LLC owned about 2.24% of Apollo Commercial Real Estate Finance worth $26,812,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ARI. Smartleaf Asset Management LLC increased its holdings in Apollo Commercial Real Estate Finance by 327.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,045 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 2,332 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in shares of Apollo Commercial Real Estate Finance during the 4th quarter valued at $67,000. Xponance Inc. purchased a new stake in shares of Apollo Commercial Real Estate Finance in the 4th quarter worth $87,000. SG Americas Securities LLC bought a new position in Apollo Commercial Real Estate Finance in the 4th quarter worth $93,000. Finally, CIBC Asset Management Inc bought a new position in Apollo Commercial Real Estate Finance in the 4th quarter worth $112,000. Institutional investors own 54.43% of the company’s stock.

Apollo Commercial Real Estate Finance Trading Up 2.0 %

ARI stock opened at $8.34 on Friday. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of -8.77 and a beta of 1.41. The company has a debt-to-equity ratio of 0.67, a current ratio of 51.19 and a quick ratio of 51.19. Apollo Commercial Real Estate Finance, Inc. has a 1-year low of $7.70 and a 1-year high of $11.20. The business has a 50 day simple moving average of $9.52 and a two-hundred day simple moving average of $9.16.

Apollo Commercial Real Estate Finance (NYSE:ARI) last posted its earnings results on Monday, February 10th. The real estate investment trust reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.07. Apollo Commercial Real Estate Finance had a negative net margin of 39.40% and a positive return on equity of 9.37%. Research analysts anticipate that Apollo Commercial Real Estate Finance, Inc. will post 0.63 EPS for the current fiscal year.

Apollo Commercial Real Estate Finance Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.25 per share. The ex-dividend date was Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 12.00%. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently -105.26%.

Insider Buying and Selling at Apollo Commercial Real Estate Finance

In other news, Director Carmencita N.M. Whonder sold 11,000 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $9.96, for a total value of $109,560.00. Following the completion of the sale, the director now owns 9,624 shares in the company, valued at approximately $95,855.04. This trade represents a 53.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stuart Rothstein sold 52,074 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $9.99, for a total value of $520,219.26. Following the transaction, the chief executive officer now owns 385,928 shares of the company’s stock, valued at $3,855,420.72. This trade represents a 11.89 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is owned by company insiders.

Analyst Ratings Changes

ARI has been the subject of a number of analyst reports. StockNews.com upgraded Apollo Commercial Real Estate Finance from a “hold” rating to a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. reduced their target price on shares of Apollo Commercial Real Estate Finance from $9.50 to $8.00 and set a “neutral” rating for the company in a report on Wednesday. UBS Group lowered their price target on shares of Apollo Commercial Real Estate Finance from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Keefe, Bruyette & Woods raised shares of Apollo Commercial Real Estate Finance from a “market perform” rating to an “outperform” rating and set a $10.00 price objective for the company in a research note on Monday, April 7th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Apollo Commercial Real Estate Finance currently has a consensus rating of “Hold” and an average target price of $9.00.

Apollo Commercial Real Estate Finance Company 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.