Fox Run Management L.L.C. Sells 6,223 Shares of Apollo Commercial Real Estate Finance $ARI

Fox Run Management L.L.C. trimmed its stake in Apollo Commercial Real Estate Finance (NYSE:ARI) by 16.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,814 shares of the real estate investment trust’s stock after selling 6,223 shares during the quarter. Fox Run Management L.L.C.’s holdings in Apollo Commercial Real Estate Finance were worth $308,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of ARI. Kingstone Capital Partners Texas LLC bought a new position in shares of Apollo Commercial Real Estate Finance during the second quarter valued at $271,921,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Apollo Commercial Real Estate Finance by 89.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,855,116 shares of the real estate investment trust’s stock valued at $17,753,000 after purchasing an additional 877,675 shares during the last quarter. Nuveen LLC bought a new stake in Apollo Commercial Real Estate Finance during the 1st quarter valued at about $7,813,000. Cura Wealth Advisors LLC raised its holdings in Apollo Commercial Real Estate Finance by 23.0% in the first quarter. Cura Wealth Advisors LLC now owns 847,300 shares of the real estate investment trust’s stock worth $8,109,000 after buying an additional 158,200 shares during the last quarter. Finally, Allianz Asset Management GmbH bought a new position in shares of Apollo Commercial Real Estate Finance in the second quarter worth approximately $1,358,000. 54.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ARI has been the subject of several analyst reports. Weiss Ratings raised shares of Apollo Commercial Real Estate Finance from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, November 7th. Zacks Research downgraded Apollo Commercial Real Estate Finance from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 16th. Wall Street Zen upgraded Apollo Commercial Real Estate Finance from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. JPMorgan Chase & Co. upped their price target on Apollo Commercial Real Estate Finance from $10.50 to $11.00 and gave the company an “overweight” rating in a report on Monday, November 3rd. Finally, Keefe, Bruyette & Woods increased their price objective on Apollo Commercial Real Estate Finance from $10.75 to $11.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $10.88.

Insider Buying and Selling

In related news, CEO Stuart Rothstein sold 52,073 shares of the company’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $10.78, for a total transaction of $561,346.94. Following the completion of the sale, the chief executive officer owned 281,781 shares in the company, valued at approximately $3,037,599.18. This represents a 15.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.68% of the company’s stock.

Apollo Commercial Real Estate Finance Trading Up 0.1%

NYSE:ARI opened at $9.90 on Friday. The company has a market cap of $1.38 billion, a PE ratio of 11.12, a price-to-earnings-growth ratio of 0.56 and a beta of 1.60. The company has a current ratio of 90.32, a quick ratio of 90.32 and a debt-to-equity ratio of 0.66. The company has a 50 day simple moving average of $10.23 and a two-hundred day simple moving average of $10.01. Apollo Commercial Real Estate Finance has a 12 month low of $7.70 and a 12 month high of $11.11.

Apollo Commercial Real Estate Finance Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $1.00 annualized dividend and a dividend yield of 10.1%. Apollo Commercial Real Estate Finance’s payout ratio is presently 112.36%.

Apollo Commercial Real Estate Finance Company Profile

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.