QRG Capital Management Inc. Has $759,000 Stock Holdings in Apollo Commercial Real Estate Finance $ARI

QRG Capital Management Inc. increased its position in shares of Apollo Commercial Real Estate Finance (NYSE:ARI) by 15.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 78,451 shares of the real estate investment trust’s stock after acquiring an additional 10,635 shares during the quarter. QRG Capital Management Inc. owned about 0.06% of Apollo Commercial Real Estate Finance worth $759,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. CWM LLC lifted its stake in shares of 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 valued at $37,000 after acquiring an additional 1,087 shares during the period. Signaturefd LLC lifted its stake in shares of Apollo Commercial Real Estate Finance by 55.6% during the second quarter. Signaturefd LLC now owns 4,059 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 1,451 shares during the period. Smartleaf Asset Management LLC lifted its stake in Apollo Commercial Real Estate Finance by 94.1% in the first quarter. Smartleaf Asset Management LLC now owns 5,909 shares of the real estate investment trust’s stock valued at $57,000 after buying an additional 2,864 shares during the period. Accuvest Global Advisors acquired a new position in Apollo Commercial Real Estate Finance in the first quarter valued at about $107,000. Finally, Cerity Partners LLC acquired a new position in Apollo Commercial Real Estate Finance in the first quarter valued at about $111,000. Institutional investors and hedge funds own 54.43% of the company’s stock.

Apollo Commercial Real Estate Finance Trading Down 1.8%

NYSE ARI opened at $9.76 on Friday. The firm has a market cap of $1.36 billion, a P/E ratio of -69.71, a P/E/G 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 stock’s 50-day moving average is $10.34 and its 200-day moving average is $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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, September 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.2%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is presently -714.29%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Zacks Research lowered Apollo Commercial Real Estate Finance from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 16th. Weiss Ratings raised Apollo Commercial Real Estate Finance from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. UBS Group increased their target price on Apollo Commercial Real Estate Finance from $10.00 to $10.50 and gave the company a “neutral” rating in a research note on Tuesday, July 15th. Finally, Keefe, Bruyette & Woods increased their target price on Apollo Commercial Real Estate Finance from $10.75 to $11.00 and gave the company an “outperform” rating in a research note on Thursday. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $10.38.

Insider Activity

In related news, CEO Stuart Rothstein sold 52,073 shares of the stock in a transaction dated Monday, September 15th. The stock was 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 directly owned 281,781 shares in the company, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.68% of the company’s stock.

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.