Signaturefd LLC Purchases 1,451 Shares of Apollo Commercial Real Estate Finance $ARI

Signaturefd LLC grew its holdings in Apollo Commercial Real Estate Finance (NYSE:ARI) by 55.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,059 shares of the real estate investment trust’s stock after buying an additional 1,451 shares during the quarter. Signaturefd LLC’s holdings in Apollo Commercial Real Estate Finance were worth $39,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ARI. State of Alaska Department of Revenue lifted its stake in Apollo Commercial Real Estate Finance by 7.6% in the second quarter. State of Alaska Department of Revenue now owns 76,150 shares of the real estate investment trust’s stock valued at $736,000 after buying an additional 5,358 shares during the period. AM Investment Strategies LLC boosted its stake in shares of Apollo Commercial Real Estate Finance by 29.3% during the 2nd quarter. AM Investment Strategies LLC now owns 148,248 shares of the real estate investment trust’s stock worth $1,435,000 after buying an additional 33,581 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in shares of Apollo Commercial Real Estate Finance during the 2nd quarter worth approximately $271,921,000. Wealth Enhancement Advisory Services LLC grew its position in shares of Apollo Commercial Real Estate Finance by 11.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 48,838 shares of the real estate investment trust’s stock valued at $482,000 after acquiring an additional 5,023 shares during the period. Finally, Strs Ohio acquired a new position in Apollo Commercial Real Estate Finance during the first quarter worth approximately $256,000. Institutional investors own 54.43% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Zacks Research cut Apollo Commercial Real Estate Finance from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 16th. Keefe, Bruyette & Woods upped their price objective on Apollo Commercial Real Estate Finance from $10.50 to $10.75 and gave the stock an “outperform” rating in a research report on Thursday, July 10th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Apollo Commercial Real Estate Finance in a research report on Saturday, September 27th. Finally, UBS Group upped their price target on Apollo Commercial Real Estate Finance from $10.00 to $10.50 and gave the company a “neutral” rating in a research report on Tuesday, July 15th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Apollo Commercial Real Estate Finance currently has an average rating of “Hold” and an average target price of $10.31.

Insider Buying and Selling

In other news, CEO Stuart Rothstein sold 52,073 shares of Apollo Commercial Real Estate Finance stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $10.78, for a total value of $561,346.94. Following the completion of the transaction, the chief executive officer owned 281,781 shares in the company, valued at $3,037,599.18. This trade represents a 15.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.68% of the stock is currently owned by company insiders.

Apollo Commercial Real Estate Finance Price Performance

Shares of NYSE ARI opened at $10.02 on Tuesday. The company has a market capitalization of $1.39 billion, a PE ratio of -71.57, a PEG ratio of 0.30 and a beta of 1.60. The stock’s 50 day moving average price is $10.32 and its 200-day moving average price is $9.79. The company has a quick ratio of 98.25, a current ratio of 98.25 and a debt-to-equity ratio of 0.66. Apollo Commercial Real Estate Finance has a twelve month low of $7.70 and a twelve month high of $11.11.

Apollo Commercial Real Estate Finance Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 10.0%. The ex-dividend date of this dividend is Tuesday, September 30th. Apollo Commercial Real Estate Finance’s dividend payout ratio is -714.29%.

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.