Amalgamated Bank trimmed its holdings in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI – Free Report) by 6.1% in the 4th quarter, HoldingsChannel reports. The fund owned 48,514 shares of the real estate investment trust’s stock after selling 3,157 shares during the quarter. Amalgamated Bank’s holdings in Apollo Commercial Real Estate Finance were worth $570,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ARI. QRG Capital Management Inc. acquired a new stake in shares of Apollo Commercial Real Estate Finance during the 3rd quarter worth about $765,000. Illinois Municipal Retirement Fund purchased a new stake in shares of Apollo Commercial Real Estate Finance in the 3rd quarter valued at approximately $793,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Apollo Commercial Real Estate Finance by 5.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,841,722 shares of the real estate investment trust’s stock worth $18,657,000 after acquiring an additional 98,053 shares during the last quarter. Barclays PLC boosted its position in shares of Apollo Commercial Real Estate Finance by 56.4% during the 3rd quarter. Barclays PLC now owns 136,190 shares of the real estate investment trust’s stock worth $1,380,000 after purchasing an additional 49,124 shares during the period. Finally, Alps Advisors Inc. acquired a new stake in Apollo Commercial Real Estate Finance in the 3rd quarter valued at approximately $366,000. Institutional investors and hedge funds own 54.43% of the company’s stock.
Apollo Commercial Real Estate Finance Price Performance
Shares of NYSE ARI opened at $10.48 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 52.35 and a quick ratio of 52.35. The company has a market cap of $1.49 billion, a price-to-earnings ratio of -13.44 and a beta of 1.69. The stock’s 50-day moving average is $10.71 and its two-hundred day moving average is $11.04. Apollo Commercial Real Estate Finance, Inc. has a 1-year low of $9.22 and a 1-year high of $12.74.
Apollo Commercial Real Estate Finance Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a dividend of $0.35 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 13.36%. Apollo Commercial Real Estate Finance’s payout ratio is -179.49%.
Analysts Set New Price Targets
ARI has been the subject of several research analyst reports. TheStreet upgraded Apollo Commercial Real Estate Finance from a “d+” rating to a “c-” rating in a research report on Wednesday, March 20th. Bank of America cut Apollo Commercial Real Estate Finance from a “neutral” rating to an “underperform” rating and set a $10.50 target price for the company. in a report on Monday, March 4th. Keefe, Bruyette & Woods reduced their price target on shares of Apollo Commercial Real Estate Finance from $11.00 to $10.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Apollo Commercial Real Estate Finance from $11.00 to $10.50 and set a “neutral” rating for the company in a report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $10.38.
View Our Latest Analysis on Apollo Commercial Real Estate Finance
Insider Activity at Apollo Commercial Real Estate Finance
In other Apollo Commercial Real Estate Finance news, CEO Stuart Rothstein sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $10.60, for a total transaction of $424,000.00. Following the completion of the transaction, the chief executive officer now owns 415,292 shares in the company, valued at approximately $4,402,095.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Mark C. Biderman sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $10.00, for a total transaction of $150,000.00. Following the completion of the sale, the director now owns 60,625 shares in the company, valued at $606,250. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Stuart Rothstein sold 40,000 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $10.60, for a total transaction of $424,000.00. Following the completion of the transaction, the chief executive officer now owns 415,292 shares in the company, valued at $4,402,095.20. The disclosure for this sale can be found here. 0.61% of the stock is owned by corporate 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.
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