State of Alaska Department of Revenue Sells 1,409 Shares of Apollo Commercial Real Estate Finance (NYSE:ARI)

State of Alaska Department of Revenue reduced its holdings in Apollo Commercial Real Estate Finance (NYSE:ARI) by 2.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 70,792 shares of the real estate investment trust’s stock after selling 1,409 shares during the quarter. State of Alaska Department of Revenue owned about 0.05% of Apollo Commercial Real Estate Finance worth $677,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its position in shares of Apollo Commercial Real Estate Finance by 327.1% in the 4th 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 during the last quarter. Versant Capital Management Inc grew its position in shares of Apollo Commercial Real Estate Finance by 57.9% in the 1st quarter. Versant Capital Management Inc now owns 3,425 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 1,256 shares during the last quarter. Sterling Capital Management LLC grew its position in shares of Apollo Commercial Real Estate Finance by 783.8% in the 4th quarter. Sterling Capital Management LLC now owns 4,366 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 3,872 shares during the last quarter. CF Capital LLC bought a new stake in shares of Apollo Commercial Real Estate Finance in the 4th quarter worth approximately $52,000. Finally, Murphy & Mullick Capital Management Corp bought a new stake in shares of Apollo Commercial Real Estate Finance in the 4th quarter worth approximately $67,000. 54.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Apollo Commercial Real Estate Finance

In other news, Director Mark C. Biderman sold 10,000 shares of the business’s stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $9.48, for a total value of $94,800.00. Following the completion of the transaction, the director now owns 60,787 shares in the company, valued at $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 Securities & Exchange Commission, which is available through this link. Also, CEO Stuart Rothstein sold 52,074 shares of the business’s stock in a transaction on Monday, June 16th. The stock was sold at an average price of $9.83, for a total value of $511,887.42. Following the completion of the transaction, the chief executive officer now owns 333,854 shares of the company’s stock, valued at $3,281,784.82. This represents a 13.49% decrease in their position. 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 0.3%

Shares of NYSE:ARI opened at $9.82 on Friday. The stock has a fifty day simple moving average of $9.66 and a two-hundred day simple moving average of $9.38. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of -327.33, a PEG ratio of 0.27 and a beta of 1.48. Apollo Commercial Real Estate Finance has a 12-month low of $7.70 and a 12-month high of $11.20. The company has a current ratio of 74.89, a quick ratio of 74.89 and a debt-to-equity ratio of 0.67.

Apollo Commercial Real Estate Finance Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 10.18%. The ex-dividend date is Monday, June 30th. Apollo Commercial Real Estate Finance’s payout ratio is -3,333.33%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ARI. JMP Securities restated a “market perform” rating on shares of Apollo Commercial Real Estate Finance in a research note on Tuesday, April 29th. Keefe, Bruyette & Woods raised their target price on Apollo Commercial Real Estate Finance from $10.00 to $10.50 and gave the company an “outperform” rating in a research note on Tuesday, April 29th. BTIG Research upgraded Apollo Commercial Real Estate Finance from a “neutral” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Wednesday, April 23rd. Wall Street Zen cut Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a research note on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. raised their target price on Apollo Commercial Real Estate Finance from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Monday, April 28th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $10.13.

About Apollo Commercial Real Estate Finance

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.