Vanguard Group Inc. Boosts Stake in Apollo Commercial Real Estate Finance $ARI

Vanguard Group Inc. raised its holdings in Apollo Commercial Real Estate Finance (NYSE:ARI) by 0.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,239,126 shares of the real estate investment trust’s stock after purchasing an additional 2,525 shares during the quarter. Vanguard Group Inc. owned 10.97% of Apollo Commercial Real Estate Finance worth $145,838,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Nomura Holdings Inc. acquired a new position in Apollo Commercial Real Estate Finance during the fourth quarter worth $31,684,000. Northern Trust Corp lifted its stake in Apollo Commercial Real Estate Finance by 14.9% during the fourth quarter. Northern Trust Corp now owns 1,745,469 shares of the real estate investment trust’s stock worth $15,116,000 after purchasing an additional 226,399 shares in the last quarter. Millennium Management LLC lifted its stake in Apollo Commercial Real Estate Finance by 265.3% during the fourth quarter. Millennium Management LLC now owns 232,627 shares of the real estate investment trust’s stock worth $2,015,000 after purchasing an additional 168,948 shares in the last quarter. Nuveen Asset Management LLC lifted its stake in Apollo Commercial Real Estate Finance by 26.5% during the fourth quarter. Nuveen Asset Management LLC now owns 666,730 shares of the real estate investment trust’s stock worth $5,774,000 after purchasing an additional 139,643 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in Apollo Commercial Real Estate Finance by 221.4% during the fourth quarter. First Trust Advisors LP now owns 189,168 shares of the real estate investment trust’s stock worth $1,638,000 after purchasing an additional 130,308 shares in the last quarter. Hedge funds and other institutional investors own 54.43% of the company’s stock.

Apollo Commercial Real Estate Finance Stock Performance

Shares of ARI stock opened at $10.2650 on Thursday. The company has a current ratio of 98.25, a quick ratio of 98.25 and a debt-to-equity ratio of 0.66. The firm has a fifty day moving average price of $9.88 and a 200 day moving average price of $9.64. The company has a market cap of $1.43 billion, a P/E ratio of -73.32, a PEG ratio of 0.29 and a beta of 1.50. Apollo Commercial Real Estate Finance has a 12 month low of $7.70 and a 12 month high of $10.61.

Apollo Commercial Real Estate Finance Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.7%. Apollo Commercial Real Estate Finance’s payout ratio is presently -714.29%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. JMP Securities restated a “market perform” rating on shares of Apollo Commercial Real Estate Finance in a research note on Tuesday, April 29th. UBS Group upped their price target on Apollo Commercial Real Estate Finance from $10.00 to $10.50 and gave the stock a “neutral” rating in a research note on Tuesday, July 15th. JPMorgan Chase & Co. upped their price target on Apollo Commercial Real Estate Finance from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Monday, April 28th. Wall Street Zen lowered Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a research report on Wednesday, April 23rd. Finally, BTIG Research raised Apollo Commercial Real Estate Finance from a “neutral” rating to a “buy” rating and set a $11.00 price objective on the stock in a research report on Wednesday, April 23rd. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Apollo Commercial Real Estate Finance presently has a consensus rating of “Hold” and a consensus target price of $10.31.

Insider Activity at Apollo Commercial Real Estate Finance

In related news, CEO Stuart Rothstein sold 52,074 shares of the business’s stock in a transaction on Monday, June 16th. The shares were 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 owned 333,854 shares in the company, valued at approximately $3,281,784.82. The trade was a 13.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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.