Apollo Commercial Real Estate Finance $ARI Shares Purchased by AlphaCore Capital LLC

AlphaCore Capital LLC lifted its stake in Apollo Commercial Real Estate Finance (NYSE:ARI) by 14.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 128,147 shares of the real estate investment trust’s stock after buying an additional 16,068 shares during the period. AlphaCore Capital LLC owned approximately 0.09% of Apollo Commercial Real Estate Finance worth $1,240,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ARI. CWM LLC boosted its holdings in shares of Apollo Commercial Real Estate Finance by 39.2% in 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 in the last quarter. Signaturefd LLC boosted its position in 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 worth $39,000 after acquiring an additional 1,451 shares during the last quarter. McElhenny Sheffield Capital Management LLC purchased a new position in Apollo Commercial Real Estate Finance during the second quarter worth about $41,000. Smartleaf Asset Management LLC grew its holdings 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 purchasing an additional 2,864 shares during the period. Finally, Keybank National Association OH purchased a new position in shares of Apollo Commercial Real Estate Finance in the 2nd quarter worth $103,000. 54.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ARI. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Apollo Commercial Real Estate Finance in a report on Wednesday. JPMorgan Chase & Co. increased their price target on Apollo Commercial Real Estate Finance from $10.50 to $11.00 and gave the stock an “overweight” rating in a research report on Monday, November 3rd. Keefe, Bruyette & Woods boosted their price objective on Apollo Commercial Real Estate Finance from $10.75 to $11.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Zacks Research lowered shares of Apollo Commercial Real Estate Finance from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 16th. Finally, Wall Street Zen downgraded shares of Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a report on Saturday. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $10.88.

Apollo Commercial Real Estate Finance Stock Performance

Shares of ARI stock opened at $9.92 on Friday. The stock’s 50-day moving average is $10.09 and its two-hundred day moving average is $10.03. Apollo Commercial Real Estate Finance has a fifty-two week low of $7.70 and a fifty-two week high of $11.11. The firm has a market cap of $1.38 billion, a P/E ratio of 11.14, a PEG ratio of 0.56 and a beta of 1.60. The company has a debt-to-equity ratio of 0.66, a current ratio of 90.32 and a quick ratio of 90.32.

Apollo Commercial Real Estate Finance Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.1%. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently 112.36%.

Insider Buying and Selling at Apollo Commercial Real Estate Finance

In other news, CEO Stuart Rothstein sold 52,073 shares of the firm’s stock in a transaction dated 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 directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.68% of the company’s stock.

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.