State of Alaska Department of Revenue Has $736,000 Holdings in Apollo Commercial Real Estate Finance $ARI

State of Alaska Department of Revenue grew its holdings in shares of Apollo Commercial Real Estate Finance (NYSE:ARI) by 7.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 76,150 shares of the real estate investment trust’s stock after purchasing an additional 5,358 shares during the period. State of Alaska Department of Revenue owned about 0.05% of Apollo Commercial Real Estate Finance worth $736,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ARI. GAMMA Investing LLC grew its position in shares of Apollo Commercial Real Estate Finance by 1,088.1% during the 1st quarter. GAMMA Investing LLC now owns 9,790 shares of the real estate investment trust’s stock worth $1,023,000 after purchasing an additional 8,966 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of 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 acquiring an additional 4,023 shares in the last quarter. QRG Capital Management Inc. boosted its position in shares of 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 acquiring an additional 6,787 shares in the last quarter. PFG Investments LLC boosted its position in shares of Apollo Commercial Real Estate Finance by 2.5% during the 1st quarter. PFG Investments LLC now owns 50,764 shares of the real estate investment trust’s stock worth $486,000 after acquiring an additional 1,235 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Apollo Commercial Real Estate Finance during the 1st quarter worth approximately $184,000. Institutional investors and hedge funds own 54.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ARI. Zacks Research lowered shares of Apollo Commercial Real Estate Finance from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. UBS Group increased their price target on shares of Apollo Commercial Real Estate Finance from $10.00 to $10.50 and gave the stock a “neutral” rating in a research report on Tuesday, July 15th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Apollo Commercial Real Estate Finance in a research report on Saturday, September 27th. Finally, Keefe, Bruyette & Woods increased 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 report on Thursday, July 10th. Two research analysts have rated the stock with a Buy rating, four have assigned 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 has a consensus rating of “Hold” and a consensus price target of $10.31.

Insider Activity

In other news, CEO Stuart Rothstein sold 52,073 shares of the firm’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $10.78, for a total transaction of $561,346.94. Following the completion of the transaction, the chief executive officer owned 281,781 shares of the company’s stock, valued at approximately $3,037,599.18. This trade represents a 15.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.68% of the company’s stock.

Apollo Commercial Real Estate Finance Price Performance

Shares of NYSE:ARI opened at $10.01 on Wednesday. The company has a market cap of $1.39 billion, a price-to-earnings ratio of -71.46, a PEG ratio of 0.29 and a beta of 1.60. The company has a debt-to-equity ratio of 0.66, a current ratio of 98.25 and a quick ratio of 98.25. The firm has a 50 day simple moving average of $10.33 and a 200 day simple moving average of $9.80. Apollo Commercial Real Estate Finance has a one year low of $7.70 and a one year high of $11.11.

Apollo Commercial Real Estate Finance Dividend Announcement

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

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.