Victory Capital Management Inc. lessened its position in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI – Free Report) by 3.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 122,726 shares of the real estate investment trust’s stock after selling 4,300 shares during the quarter. Victory Capital Management Inc.’s holdings in Apollo Commercial Real Estate Finance were worth $1,441,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently bought and sold shares of the company. Naples Money Management LLC bought a new position in Apollo Commercial Real Estate Finance during the 4th quarter worth approximately $64,000. EMC Capital Management lifted its holdings in Apollo Commercial Real Estate Finance by 134.6% during the 3rd quarter. EMC Capital Management now owns 6,922 shares of the real estate investment trust’s stock worth $70,000 after buying an additional 3,971 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new position in Apollo Commercial Real Estate Finance during the 3rd quarter worth approximately $105,000. International Assets Investment Management LLC bought a new position in Apollo Commercial Real Estate Finance during the 4th quarter worth approximately $1,840,000. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in Apollo Commercial Real Estate Finance by 7.6% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 15,966 shares of the real estate investment trust’s stock worth $162,000 after buying an additional 1,129 shares during the last quarter. Institutional investors own 54.43% of the company’s stock.
Insider Activity at Apollo Commercial Real Estate Finance
In related news, Director Mark C. Biderman sold 15,000 shares of the firm’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 value of $150,000.00. Following the sale, the director now directly owns 60,625 shares in the company, valued at approximately $606,250. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Mark C. Biderman sold 15,000 shares of Apollo Commercial Real Estate Finance stock in a transaction 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 transaction, the director now directly owns 60,625 shares in the company, valued at approximately $606,250. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Stuart Rothstein sold 40,000 shares of Apollo Commercial Real Estate Finance stock in a transaction on Monday, April 15th. The shares were sold at an average price of $10.60, for a total value of $424,000.00. Following 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 insiders.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the company. JPMorgan Chase & Co. cut their price target on Apollo Commercial Real Estate Finance from $11.00 to $10.50 and set a “neutral” rating on the stock in a report on Wednesday, April 10th. Bank of America downgraded Apollo Commercial Real Estate Finance from a “neutral” rating to an “underperform” rating and set a $10.50 price target on the stock. in a report on Monday, March 4th. Keefe, Bruyette & Woods cut their price target on Apollo Commercial Real Estate Finance from $11.00 to $10.00 and set a “market perform” rating on the stock in a report on Wednesday, May 1st. Finally, TheStreet raised Apollo Commercial Real Estate Finance from a “d+” rating to a “c-” rating in a report on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $10.38.
Read Our Latest Analysis on Apollo Commercial Real Estate Finance
Apollo Commercial Real Estate Finance Stock Up 2.2 %
ARI opened at $10.48 on Friday. Apollo Commercial Real Estate Finance, Inc. has a 12 month low of $9.22 and a 12 month high of $12.74. 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 stock has a market cap of $1.49 billion, a P/E ratio of -13.44 and a beta of 1.69. The stock’s 50 day moving average price is $10.71 and its 200 day moving average price is $11.04.
Apollo Commercial Real Estate Finance Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 13.36%. The ex-dividend date was Wednesday, March 27th. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently -179.49%.
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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