Envestnet Asset Management Inc. Increases Stock Position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Envestnet Asset Management Inc. lifted its position in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARIGet Rating) by 25.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 372,331 shares of the real estate investment trust’s stock after acquiring an additional 75,574 shares during the quarter. Envestnet Asset Management Inc. owned 0.26% of Apollo Commercial Real Estate Finance worth $4,006,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of ARI. Mackenzie Financial Corp lifted its stake in shares of Apollo Commercial Real Estate Finance by 6.1% during the 1st quarter. Mackenzie Financial Corp now owns 15,016 shares of the real estate investment trust’s stock worth $209,000 after purchasing an additional 857 shares during the period. Captrust Financial Advisors lifted its holdings in Apollo Commercial Real Estate Finance by 6.0% in the third quarter. Captrust Financial Advisors now owns 15,230 shares of the real estate investment trust’s stock worth $126,000 after acquiring an additional 861 shares during the last quarter. H&H Retirement Design & Management INC lifted its holdings in Apollo Commercial Real Estate Finance by 2.9% in the fourth quarter. H&H Retirement Design & Management INC now owns 31,640 shares of the real estate investment trust’s stock worth $371,000 after acquiring an additional 879 shares during the last quarter. Samalin Investment Counsel LLC raised its holdings in shares of Apollo Commercial Real Estate Finance by 2.8% during the third quarter. Samalin Investment Counsel LLC now owns 42,592 shares of the real estate investment trust’s stock valued at $354,000 after buying an additional 1,179 shares during the last quarter. Finally, Private Advisor Group LLC raised its holdings in shares of Apollo Commercial Real Estate Finance by 14.2% during the fourth quarter. Private Advisor Group LLC now owns 14,899 shares of the real estate investment trust’s stock valued at $160,000 after buying an additional 1,851 shares during the last quarter. 54.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ARI has been the topic of several recent research reports. Keefe, Bruyette & Woods decreased their price target on shares of Apollo Commercial Real Estate Finance from $11.50 to $10.00 and set a “market perform” rating on the stock in a research report on Thursday, April 13th. StockNews.com began coverage on shares of Apollo Commercial Real Estate Finance in a report on Thursday, March 16th. They set a “hold” rating on the stock. JPMorgan Chase & Co. lowered their target price on shares of Apollo Commercial Real Estate Finance from $11.00 to $9.00 in a research note on Monday, April 24th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Apollo Commercial Real Estate Finance in a research note on Tuesday, April 25th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat.com, Apollo Commercial Real Estate Finance has an average rating of “Hold” and an average price target of $10.80.

Apollo Commercial Real Estate Finance Stock Up 0.1 %

Shares of NYSE:ARI opened at $9.63 on Monday. The company has a 50 day moving average price of $9.54 and a two-hundred day moving average price of $10.89. The company has a debt-to-equity ratio of 0.63, a quick ratio of 42.44 and a current ratio of 42.44. Apollo Commercial Real Estate Finance, Inc. has a 52 week low of $7.91 and a 52 week high of $13.10. The company has a market capitalization of $1.36 billion, a PE ratio of 5.26 and a beta of 1.59.

Apollo Commercial Real Estate Finance Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 14th. Shareholders of record on Friday, March 31st were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 14.54%. The ex-dividend date of this dividend was Thursday, March 30th. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently 76.50%.

Insider Buying and Selling at Apollo Commercial Real Estate Finance

In other Apollo Commercial Real Estate Finance news, Director Robert A. Kasdin acquired 25,000 shares of the company’s stock in a transaction on Monday, May 8th. The stock was acquired at an average price of $9.54 per share, for a total transaction of $238,500.00. Following the purchase, the director now directly owns 85,739 shares of the company’s stock, valued at $817,950.06. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.73% of the company’s stock.

Apollo Commercial Real Estate Finance Profile

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Apollo Commercial Real Estate Finance, Inc engages in the provision of real estate investment trust. It offers loan programs that include senior loans, subordinate debt, bridge loans, and preferred equity. The company was founded on June 29, 2009 and is headquartered in New York, NY.

Further Reading

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

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