Deutsche Bank AG Has $1.02 Million Stock Position in Apollo Commercial Real Estate Finance $ARI

Deutsche Bank AG lowered its stake in Apollo Commercial Real Estate Finance (NYSE:ARI) by 10.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 106,448 shares of the real estate investment trust’s stock after selling 12,208 shares during the quarter. Deutsche Bank AG owned about 0.08% of Apollo Commercial Real Estate Finance worth $1,019,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Nomura Holdings Inc. acquired a new position in shares of Apollo Commercial Real Estate Finance during the fourth quarter worth about $31,684,000. Northern Trust Corp raised its position in Apollo Commercial Real Estate Finance by 14.9% in the 4th quarter. Northern Trust Corp now owns 1,745,469 shares of the real estate investment trust’s stock valued at $15,116,000 after buying an additional 226,399 shares during the last quarter. Millennium Management LLC lifted its stake in Apollo Commercial Real Estate Finance by 265.3% in the 4th quarter. Millennium Management LLC now owns 232,627 shares of the real estate investment trust’s stock valued at $2,015,000 after acquiring 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% in the 4th quarter. Nuveen Asset Management LLC now owns 666,730 shares of the real estate investment trust’s stock valued at $5,774,000 after acquiring an additional 139,643 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in Apollo Commercial Real Estate Finance by 221.4% during the 4th quarter. First Trust Advisors LP now owns 189,168 shares of the real estate investment trust’s stock worth $1,638,000 after acquiring an additional 130,308 shares during the last quarter. 54.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods raised their price target on shares of Apollo Commercial Real Estate Finance from $10.50 to $10.75 and gave the stock an “outperform” rating in a research note on Thursday, July 10th. JPMorgan Chase & Co. raised their target price on shares of 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. JMP Securities reiterated a “market perform” rating on shares of Apollo Commercial Real Estate Finance in a research note on Tuesday, April 29th. Finally, UBS Group increased their price objective on shares of 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. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Apollo Commercial Real Estate Finance currently has an average rating of “Hold” and an average 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 that occurred 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 transaction, the chief executive officer directly owned 333,854 shares of the company’s stock, valued at approximately $3,281,784.82. The trade was a 13.49% 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. Corporate insiders own 0.68% of the company’s stock.

Apollo Commercial Real Estate Finance Stock Up 3.2%

Shares of ARI stock opened at $10.39 on Monday. Apollo Commercial Real Estate Finance has a 52-week low of $7.70 and a 52-week high of $10.61. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of -74.21, a PEG ratio of 0.30 and a beta of 1.50. The firm’s 50-day moving average is $9.89 and its 200-day moving average is $9.66. The company has a debt-to-equity ratio of 0.66, a quick ratio of 98.25 and a current ratio of 98.25.

Apollo Commercial Real Estate Finance Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.6%. 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%.

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.