Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Shares Sold by LSV Asset Management

LSV Asset Management trimmed its holdings in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 8.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 570,978 shares of the real estate investment trust’s stock after selling 53,100 shares during the period. LSV Asset Management owned approximately 0.40% of Apollo Commercial Real Estate Finance worth $6,703,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. QRG Capital Management Inc. acquired a new position in shares of Apollo Commercial Real Estate Finance in the 3rd quarter valued at $765,000. Illinois Municipal Retirement Fund acquired a new stake in shares of Apollo Commercial Real Estate Finance in the third quarter worth $793,000. Charles Schwab Investment Management Inc. grew its stake in Apollo Commercial Real Estate Finance by 5.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,841,722 shares of the real estate investment trust’s stock valued at $18,657,000 after acquiring an additional 98,053 shares in the last quarter. Barclays PLC lifted its position in Apollo Commercial Real Estate Finance by 56.4% in the 3rd quarter. Barclays PLC now owns 136,190 shares of the real estate investment trust’s stock worth $1,380,000 after buying an additional 49,124 shares in the last quarter. Finally, Alps Advisors Inc. purchased a new position in shares of Apollo Commercial Real Estate Finance during the 3rd quarter valued at $366,000. 54.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ARI shares. JPMorgan Chase & Co. cut their price target on Apollo Commercial Real Estate Finance from $11.00 to $10.50 and set a “neutral” rating for the company in a research note on Wednesday, April 10th. Keefe, Bruyette & Woods cut 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 shares of 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 lowered shares of Apollo Commercial Real Estate Finance from a “neutral” rating to an “underperform” rating and set a $10.50 price target on the stock. in a research note on Monday, March 4th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $10.38.

Insider Activity

In other Apollo Commercial Real Estate Finance news, Director Mark C. Biderman sold 15,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $10.00, for a total transaction of $150,000.00. Following the completion of the transaction, the director now owns 60,625 shares of the company’s stock, valued at approximately $606,250. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Stuart Rothstein sold 40,000 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $10.60, for a total value of $424,000.00. Following the completion of the sale, the chief executive officer now directly 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 can be accessed through this hyperlink. Also, 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 transaction of $150,000.00. Following the completion of the sale, the director now owns 60,625 shares in the company, valued at approximately $606,250. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.

Apollo Commercial Real Estate Finance Stock Down 0.3 %

Shares of ARI stock opened at $9.97 on Thursday. The stock’s 50 day simple moving average is $10.82 and its 200 day simple moving average is $11.01. Apollo Commercial Real Estate Finance, Inc. has a twelve month low of $9.22 and a twelve month high of $12.74. The company has a debt-to-equity ratio of 0.61, a quick ratio of 52.35 and a current ratio of 52.35. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of -12.78 and a beta of 1.69.

Apollo Commercial Real Estate Finance Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.40 annualized dividend and a yield of 14.04%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is presently -179.49%.

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.