Apollo Commercial Real Estate Finance (NYSE:ARI) Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lifted its stake in shares of Apollo Commercial Real Estate Finance (NYSE:ARI) by 19.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,764 shares of the real estate investment trust’s stock after purchasing an additional 5,018 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Apollo Commercial Real Estate Finance were worth $294,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Private Advisor Group LLC increased its position in Apollo Commercial Real Estate Finance by 4.2% in the 1st quarter. Private Advisor Group LLC now owns 26,453 shares of the real estate investment trust’s stock valued at $253,000 after acquiring an additional 1,078 shares during the period. CWM LLC increased its position in Apollo Commercial Real Estate Finance by 39.2% in the 1st quarter. CWM LLC now owns 3,858 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 1,087 shares during the period. AlphaCore Capital LLC increased its position in Apollo Commercial Real Estate Finance by 2.8% in the 4th quarter. AlphaCore Capital LLC now owns 41,119 shares of the real estate investment trust’s stock valued at $366,000 after acquiring an additional 1,118 shares during the period. PFG Investments LLC increased its position in Apollo Commercial Real Estate Finance by 2.5% in the 1st quarter. PFG Investments LLC now owns 50,764 shares of the real estate investment trust’s stock valued at $486,000 after acquiring an additional 1,235 shares during the period. Finally, Versant Capital Management Inc increased its position in 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 valued at $33,000 after acquiring an additional 1,256 shares during the period. 54.43% of the stock is currently owned by institutional investors and hedge funds.

Apollo Commercial Real Estate Finance Stock Performance

Shares of NYSE ARI opened at $10.05 on Friday. The stock has a fifty day moving average price of $9.87 and a two-hundred day moving average price of $9.61. The company has a debt-to-equity ratio of 0.66, a quick ratio of 98.25 and a current ratio of 98.25. The firm has a market cap of $1.40 billion, a P/E ratio of -71.79, a PEG ratio of 0.29 and a beta of 1.50. Apollo Commercial Real Estate Finance has a 1 year low of $7.70 and a 1 year high of $10.61.

Apollo Commercial Real Estate Finance Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 10.0%. The ex-dividend date of this dividend was Monday, June 30th. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is presently -714.29%.

Wall Street Analyst Weigh In

Several analysts recently commented on ARI shares. Keefe, Bruyette & Woods raised their target price on Apollo Commercial Real Estate Finance from $10.50 to $10.75 and gave the company an “outperform” rating in a research report on Thursday, July 10th. Wall Street Zen cut Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a research report on Wednesday, April 23rd. 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 report on Monday, April 28th. BTIG Research upgraded Apollo Commercial Real Estate Finance from a “neutral” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Wednesday, April 23rd. Finally, JMP Securities restated a “market perform” rating on shares of Apollo Commercial Real Estate Finance in a research report on Tuesday, April 29th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $10.31.

Insider Transactions at Apollo Commercial Real Estate Finance

In other Apollo Commercial Real Estate Finance news, CEO Stuart Rothstein sold 52,074 shares of the stock in a transaction on Monday, June 16th. The stock was sold at an average price of $9.83, for a total transaction of $511,887.42. Following the completion of the transaction, the chief executive officer directly owned 333,854 shares of the company’s stock, valued at approximately $3,281,784.82. This trade represents a 13.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.68% of the company’s stock.

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.