GAMMA Investing LLC Boosts Stock Holdings in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

GAMMA Investing LLC grew its position in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 1,088.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,790 shares of the real estate investment trust’s stock after purchasing an additional 8,966 shares during the quarter. GAMMA Investing LLC’s holdings in Apollo Commercial Real Estate Finance were worth $1,023,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ARI. Smartleaf Asset Management LLC grew its holdings in shares of 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 worth $27,000 after buying an additional 2,332 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Apollo Commercial Real Estate Finance by 57.9% in the first quarter. Versant Capital Management Inc now owns 3,425 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 1,256 shares during the period. Sterling Capital Management LLC grew its holdings in shares of Apollo Commercial Real Estate Finance by 783.8% in the fourth quarter. Sterling Capital Management LLC now owns 4,366 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 3,872 shares during the period. CF Capital LLC purchased a new stake in shares of Apollo Commercial Real Estate Finance in the fourth quarter valued at about $52,000. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in shares of Apollo Commercial Real Estate Finance in the fourth quarter valued at about $67,000. 54.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Mark C. Biderman sold 10,000 shares of the business’s stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $9.48, for a total transaction of $94,800.00. Following the transaction, the director now directly owns 60,787 shares of the company’s stock, valued at approximately $576,260.76. The trade was a 14.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.68% of the company’s stock.

Apollo Commercial Real Estate Finance Trading Down 0.3%

Shares of ARI stock opened at $9.79 on Tuesday. The firm has a market cap of $1.36 billion, a P/E ratio of -10.31 and a beta of 1.48. Apollo Commercial Real Estate Finance, Inc. has a 1-year low of $7.70 and a 1-year high of $11.20. The company has a debt-to-equity ratio of 0.67, a current ratio of 51.19 and a quick ratio of 51.19. The firm’s 50-day simple moving average is $9.39 and its 200-day simple moving average is $9.34.

Apollo Commercial Real Estate Finance Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 10.21%. The ex-dividend date of this dividend is Monday, June 30th. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is presently -3,333.33%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on ARI shares. Keefe, Bruyette & Woods increased their price target on shares of Apollo Commercial Real Estate Finance from $10.00 to $10.50 and gave the stock an “outperform” rating in a research report on Tuesday, April 29th. JMP Securities restated a “market perform” rating on shares of Apollo Commercial Real Estate Finance in a research report on Tuesday, April 29th. Wall Street Zen lowered shares of Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a research report on Wednesday, April 23rd. UBS Group restated a “neutral” rating and set a $10.00 target price (up from $9.00) on shares of Apollo Commercial Real Estate Finance in a research report on Wednesday, May 21st. Finally, BTIG Research raised Apollo Commercial Real Estate Finance from a “neutral” rating to a “buy” rating and set a $11.00 price target for the company in a research note on Wednesday, April 23rd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $10.13.

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.