Apollo Commercial Real Estate Finance $ARI Holdings Decreased by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. trimmed its position in Apollo Commercial Real Estate Finance (NYSE:ARI) by 28.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 433,410 shares of the real estate investment trust’s stock after selling 172,773 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.31% of Apollo Commercial Real Estate Finance worth $4,148,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in ARI. Deutsche Bank AG grew its stake in Apollo Commercial Real Estate Finance by 51.0% during the 4th quarter. Deutsche Bank AG now owns 118,656 shares of the real estate investment trust’s stock worth $1,028,000 after buying an additional 40,088 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Apollo Commercial Real Estate Finance by 2.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,326,569 shares of the real estate investment trust’s stock worth $22,265,000 after buying an additional 63,191 shares during the last quarter. QRG Capital Management Inc. grew its stake in Apollo Commercial Real Estate Finance by 11.1% during the 1st quarter. QRG Capital Management Inc. now owns 67,816 shares of the real estate investment trust’s stock worth $649,000 after buying an additional 6,787 shares during the last quarter. State of Wyoming bought a new position in Apollo Commercial Real Estate Finance during the 1st quarter worth $251,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Apollo Commercial Real Estate Finance by 10.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 43,815 shares of the real estate investment trust’s stock worth $419,000 after buying an additional 4,023 shares during the last quarter. 54.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ARI has been the subject of several recent analyst reports. UBS Group increased 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. 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 note on Thursday, July 10th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Apollo Commercial Real Estate Finance presently has a consensus rating of “Hold” and a consensus target price of $10.31.

Apollo Commercial Real Estate Finance Stock Performance

Shares of NYSE ARI opened at $10.52 on Thursday. 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 $1.46 billion, a price-to-earnings ratio of -75.11, a P/E/G ratio of 0.30 and a beta of 1.57. The business’s 50-day simple moving average is $10.20 and its 200-day simple moving average is $9.76. Apollo Commercial Real Estate Finance has a 52 week low of $7.70 and a 52 week high of $11.11.

Apollo Commercial Real Estate Finance Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.00 dividend on an annualized basis and a yield of 9.5%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is -714.29%.

Insider Transactions at Apollo Commercial Real Estate Finance

In other Apollo Commercial Real Estate Finance news, CEO Stuart Rothstein sold 52,073 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $10.78, for a total value of $561,346.94. Following the sale, the chief executive officer owned 281,781 shares of the company’s stock, valued at $3,037,599.18. This trade represents a 15.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.68% of the stock is owned by company insiders.

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.