Charles Schwab Investment Management Inc. Purchases 120,055 Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Charles Schwab Investment Management Inc. grew its position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARIFree Report) by 6.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,961,777 shares of the real estate investment trust’s stock after buying an additional 120,055 shares during the period. Charles Schwab Investment Management Inc. owned 1.39% of Apollo Commercial Real Estate Finance worth $23,031,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ARI. Vanguard Group Inc. boosted its position in shares of Apollo Commercial Real Estate Finance by 0.4% during the third quarter. Vanguard Group Inc. now owns 15,665,083 shares of the real estate investment trust’s stock worth $158,687,000 after purchasing an additional 54,938 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Apollo Commercial Real Estate Finance by 0.8% during the third quarter. Invesco Ltd. now owns 1,015,552 shares of the real estate investment trust’s stock worth $10,288,000 after buying an additional 8,495 shares in the last quarter. Van ECK Associates Corp raised its position in Apollo Commercial Real Estate Finance by 1.5% in the 4th quarter. Van ECK Associates Corp now owns 762,079 shares of the real estate investment trust’s stock valued at $8,947,000 after buying an additional 11,102 shares during the last quarter. Swiss National Bank lifted its stake in Apollo Commercial Real Estate Finance by 1.0% in the 3rd quarter. Swiss National Bank now owns 295,139 shares of the real estate investment trust’s stock valued at $2,990,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Barclays PLC boosted its position in 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 acquiring an additional 49,124 shares during the last quarter. 54.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ARI has been the topic of a number of research reports. JPMorgan Chase & Co. cut their price objective on shares of Apollo Commercial Real Estate Finance from $11.00 to $10.50 and set a “neutral” rating on the stock in a research report on Wednesday, April 10th. Keefe, Bruyette & Woods dropped their price objective 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. TheStreet raised Apollo Commercial Real Estate Finance from a “d+” rating to a “c-” rating in a research report on Wednesday, March 20th. Finally, Bank of America cut Apollo Commercial Real Estate Finance from a “neutral” rating to an “underperform” rating and set a $10.50 price target for the company. in a report on Monday, March 4th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $10.38.

Get Our Latest Report on ARI

Apollo Commercial Real Estate Finance Stock Up 0.0 %

Shares of ARI opened at $10.18 on Friday. The company has a current ratio of 52.35, a quick ratio of 52.35 and a debt-to-equity ratio of 0.61. Apollo Commercial Real Estate Finance, Inc. has a 12 month low of $9.22 and a 12 month high of $12.74. The firm’s 50 day moving average is $10.65 and its 200-day moving average is $11.04. The stock has a market capitalization of $1.45 billion, a PE ratio of -13.04, a P/E/G ratio of 1.58 and a beta of 1.69.

Apollo Commercial Real Estate Finance Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.40 annualized dividend and a yield of 13.76%. Apollo Commercial Real Estate Finance’s dividend payout ratio is presently -179.49%.

Insider Activity

In related news, Director Mark C. Biderman sold 15,000 shares of the firm’s stock in a transaction 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 transaction, the director now owns 60,625 shares in the company, valued at $606,250. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Stuart Rothstein sold 40,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 415,292 shares of the company’s stock, valued at $4,402,095.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark C. Biderman sold 15,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $10.00, for a total transaction of $150,000.00. Following the sale, the director now directly owns 60,625 shares of the company’s stock, valued at approximately $606,250. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.

About Apollo Commercial Real Estate Finance

(Free Report)

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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Institutional Ownership by Quarter for Apollo Commercial Real Estate Finance (NYSE:ARI)

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