Natixis Advisors L.P. acquired a new position in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI – Get Rating) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 23,220 shares of the real estate investment trust’s stock, valued at approximately $250,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Geneos Wealth Management Inc. grew its holdings in shares of Apollo Commercial Real Estate Finance by 721.0% during the first quarter. Geneos Wealth Management Inc. now owns 4,310 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 3,785 shares in the last quarter. CFO4Life Group LLC purchased a new position in shares of Apollo Commercial Real Estate Finance during the third quarter worth about $83,000. Covestor Ltd grew its holdings in shares of Apollo Commercial Real Estate Finance by 131.9% during the first quarter. Covestor Ltd now owns 7,213 shares of the real estate investment trust’s stock worth $100,000 after purchasing an additional 4,102 shares in the last quarter. Blueshift Asset Management LLC purchased a new position in shares of Apollo Commercial Real Estate Finance during the third quarter worth about $102,000. Finally, Private Advisor Group LLC purchased a new stake in Apollo Commercial Real Estate Finance in the third quarter worth approximately $108,000. Hedge funds and other institutional investors own 54.57% of the company’s stock.
Apollo Commercial Real Estate Finance Stock Performance
Shares of ARI stock opened at $9.36 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 36.70 and a current ratio of 36.70. Apollo Commercial Real Estate Finance, Inc. has a fifty-two week low of $7.91 and a fifty-two week high of $13.34. The stock has a 50 day moving average price of $10.11 and a two-hundred day moving average price of $10.88. The company has a market capitalization of $1.32 billion, a P/E ratio of 5.89 and a beta of 1.59.
Apollo Commercial Real Estate Finance Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 14th. Shareholders of record on Friday, March 31st were given a $0.35 dividend. The ex-dividend date of this dividend was Thursday, March 30th. This represents a $1.40 annualized dividend and a yield of 14.96%. Apollo Commercial Real Estate Finance’s payout ratio is currently 88.05%.
Analyst Ratings Changes
ARI has been the subject of several research reports. JPMorgan Chase & Co. cut their target price on Apollo Commercial Real Estate Finance from $11.00 to $9.00 in a research note on Monday. Keefe, Bruyette & Woods cut their target price on Apollo Commercial Real Estate Finance from $11.50 to $10.00 and set a “market perform” rating for the company in a research note on Thursday, April 13th. Finally, StockNews.com initiated coverage on Apollo Commercial Real Estate Finance in a research note on Thursday, March 16th. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to MarketBeat.com, Apollo Commercial Real Estate Finance currently has a consensus rating of “Hold” and a consensus price target of $10.80.
Apollo Commercial Real Estate Finance Profile
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.
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