Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) recently saw a decrease in its stake held by AE Wealth Management LLC during the second quarter of this year. According to the company’s Form 13F filing with the Securities and Exchange Commission, AE Wealth Management LLC sold 12,799 shares of Apollo Commercial Real Estate Finance, representing an 18.0% decrease in its overall stake. As of the end of the reporting period, AE Wealth Management LLC still owned 58,377 shares of the real estate investment trust’s stock, valued at $661,000.
In further news concerning Apollo Commercial Real Estate Finance, Director Mark C. Biderman made headlines when he sold 10,000 shares on September 6th at an average price of $10.60 per share, amounting to a total value of $106,000. Following this transaction, Biderman now holds 66,485 shares valued at approximately $704,741. This sale was disclosed through a legal filing with the SEC and can be accessed through their website.
Additionally, CEO Stuart Rothstein sold 40,000 shares of Apollo Commercial Real Estate Finance stock on July 17th at an average price of $11.80 per share for a total transaction value of $472,000. With this transaction completed, Rothstein currently owns 530,766 shares in the company valued at around $6,263,038.
It is worth noting that insiders now own approximately 0.61% of the company’s stock.
The firm has also announced a quarterly dividend set to be paid on October 13th to shareholders of record on September 29th. The dividend payment will amount to $0.35 per share and has an ex-dividend date scheduled for September 28th. This represents an annualized dividend payout ratio of approximately 181.82% and provides shareholders with a yield of 13.74%.
In conclusion, AE Wealth Management LLC has reduced its stake in Apollo Commercial Real Estate Finance, Inc., while Director Mark C. Biderman and CEO Stuart Rothstein have both made significant stock sales. The company’s upcoming dividend payment further demonstrates their commitment to providing value to shareholders. For more information on these transactions, interested parties can refer to the relevant legal filings with the SEC.
Apollo Commercial Real Estate Finance, Inc.
ARI
Buy
Updated on: 01/10/2023
Hedge Funds and Institutional Investors Show Interest in Apollo Commercial Real Estate Finance
In the ever-evolving world of finance, it is not uncommon for hedge funds and institutional investors to make strategic adjustments to their holdings. One such company that has recently caught the attention of these investment giants is Apollo Commercial Real Estate Finance.
Arete Wealth Advisors LLC, for instance, has taken a bold step by acquiring a new stake in shares of Apollo Commercial Real Estate Finance during the first quarter of this year. This acquisition was valued at an astonishing $5,537,625,000,000. Meanwhile, Nisa Investment Advisors LLC decided to raise its position in shares of the real estate investment trust by 2.5%, which now amounts to 62,601 shares with a value of $583,000.
Virtu Financial LLC also saw potential in the real estate investment trust and boosted its position by a staggering 154.7% during the first quarter. The company now owns 32,117 shares worth $299,000 after purchasing an additional 19,506 shares.
Furthermore, Conversant Capital LLC entered the picture during the fourth quarter by acquiring a new position in shares of Apollo Commercial Real Estate Finance valued at approximately $5,380,000. Finally yet importantly, HRT Financial LP also recognized the potential offered by Apollo Commercial Real Estate Finance as it bought a new stake in the company last year worth $193,000.
These acquisitions have certainly contributed significantly to Apollo Commercial Real Estate Finance’s performance. However, it is important to note that institutional investors and hedge funds as a whole own 53.74% of the company’s stock. This indicates a widespread interest and support from major players in the industry.
Taking a closer look at Apollo Commercial Real Estate Finance’s stock performance on October 1st reveals that NYSE:ARI opened at $10.19. The company’s debt-to-equity ratio stands at an impressive 0.65 while both its current ratio and quick ratio are at 49.19. In the past year, the stock has fluctuated between a low of $7.91 and a high of $12.74.
Analyzing moving averages further demonstrates this volatility. The company’s 50-day moving average is currently at $10.73 while its 200-day moving average stands at $10.38, showcasing the ups and downs in Apollo Commercial Real Estate Finance’s performance.
With a market capitalization of $1.44 billion, Apollo Commercial Real Estate Finance continues to attract investor attention with its price-to-earnings ratio of 13.23 and beta of 1.62.
In other news related to Apollo Commercial Real Estate Finance, director Mark C. Biderman recently sold 10,000 shares of the company’s stock on September 6th for an average price of $10.60 per share, resulting in a total value of $106,000. Following this transaction, Biderman now holds 66,485 shares valued at $704,741.
Another notable insider transaction involves CEO Stuart Rothstein, who sold 40,000 shares on July 17th at an average price of $11.80 per share for a total transaction value of $472,000. After this sale, Rothstein retains ownership over 530,766 shares valued approximately at $6,263,038.
It is worth mentioning that company insiders own 0.61% of Apollo Commercial Real Estate Finance’s stock.
As always in the finance industry, insights from research firms play a crucial role in assessing investment opportunities accurately. JPMorgan Chase & Co., for instance, upgraded Apollo Commercial Real Estate Finance from an “underweight” rating to a “neutral” rating and set a target price of$10.50 on August 2nd.
StockNews.com also initiated coverage on ARI by issuing a “hold” rating on August 17th. Overall, according to data from Bloomberg.com, the average rating of Apollo Commercial Real Estate Finance is “Hold” with an average price target of $11.10.
With the variety and complexity surrounding these activities, it is always essential for investors to stay informed and educated on the latest happenings in the finance industry. This includes monitoring changes made by hedge funds, institutional investors, and research firms. By doing so, investors can make well-informed decisions and navigate the dynamics of the market more effectively. It remains to be seen what lies ahead for Apollo Commercial Real Estate Finance as it continues to capture attention in this exciting sector.
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