Nuveen LLC Takes Position in Apollo Commercial Real Estate Finance $ARI

Nuveen LLC purchased a new stake in shares of Apollo Commercial Real Estate Finance (NYSE:ARI) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 816,359 shares of the real estate investment trust’s stock, valued at approximately $7,813,000. Nuveen LLC owned about 0.59% of Apollo Commercial Real Estate Finance as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Versant Capital Management Inc raised its stake in shares of Apollo Commercial Real Estate Finance by 57.9% during 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 acquiring an additional 1,256 shares during the last quarter. CWM LLC raised its stake in Apollo Commercial Real Estate Finance by 39.2% during the first quarter. CWM LLC now owns 3,858 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 1,087 shares during the last quarter. CF Capital LLC bought a new position in Apollo Commercial Real Estate Finance during the fourth quarter worth $52,000. GAMMA Investing LLC raised its stake in Apollo Commercial Real Estate Finance by 1,088.1% during the first quarter. GAMMA Investing LLC now owns 9,790 shares of the real estate investment trust’s stock worth $1,023,000 after buying an additional 8,966 shares during the last quarter. Finally, Beacon Pointe Advisors LLC bought a new position in Apollo Commercial Real Estate Finance during the fourth quarter worth $95,000. Institutional investors own 54.43% of the company’s stock.

Insiders Place Their Bets

In other Apollo Commercial Real Estate Finance news, CEO Stuart Rothstein sold 52,074 shares of Apollo Commercial Real Estate Finance stock in a transaction on Monday, June 16th. The shares were sold at an average price of $9.83, for a total value of $511,887.42. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.68% of the company’s stock.

Apollo Commercial Real Estate Finance Trading Up 3.2%

ARI opened at $10.39 on Monday. Apollo Commercial Real Estate Finance has a 1-year low of $7.70 and a 1-year high of $10.61. 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 company has a market cap of $1.44 billion, a P/E ratio of -74.21, a price-to-earnings-growth ratio of 0.30 and a beta of 1.50. The company has a fifty day moving average price of $9.89 and a two-hundred day moving average price of $9.66.

Apollo Commercial Real Estate Finance Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 9.6%. The ex-dividend date of this dividend was Monday, June 30th. Apollo Commercial Real Estate Finance’s payout ratio is -714.29%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ARI shares. JPMorgan Chase & Co. lifted their target price on shares of 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. JMP Securities reissued a “market perform” rating on shares of Apollo Commercial Real Estate Finance in a research note on Tuesday, April 29th. UBS Group lifted their target price 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. Finally, Keefe, Bruyette & Woods lifted their target price 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. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $10.31.

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.