IndexIQ Advisors LLC Has $1.77 Million Stake in Apollo Commercial Real Est. Finance Inc (ARI)

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IndexIQ Advisors LLC cut its holdings in Apollo Commercial Real Est. Finance Inc (NYSE:ARI) by 2.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 106,431 shares of the real estate investment trust’s stock after selling 2,816 shares during the quarter. IndexIQ Advisors LLC’s holdings in Apollo Commercial Real Est. Finance were worth $1,773,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ARI. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Apollo Commercial Real Est. Finance in the 3rd quarter valued at approximately $22,985,000. Bessemer Group Inc. grew its position in shares of Apollo Commercial Real Est. Finance by 469.0% in the 3rd quarter. Bessemer Group Inc. now owns 1,472,630 shares of the real estate investment trust’s stock valued at $27,789,000 after purchasing an additional 1,213,825 shares during the period. Vanguard Group Inc grew its position in shares of Apollo Commercial Real Est. Finance by 3.6% in the 3rd quarter. Vanguard Group Inc now owns 13,191,874 shares of the real estate investment trust’s stock valued at $248,931,000 after purchasing an additional 461,576 shares during the period. Vanguard Group Inc. grew its position in shares of Apollo Commercial Real Est. Finance by 3.6% in the 3rd quarter. Vanguard Group Inc. now owns 13,191,874 shares of the real estate investment trust’s stock valued at $248,931,000 after purchasing an additional 461,576 shares during the period. Finally, Acadian Asset Management LLC grew its position in shares of Apollo Commercial Real Est. Finance by 1,647.6% in the 3rd quarter. Acadian Asset Management LLC now owns 185,967 shares of the real estate investment trust’s stock valued at $3,511,000 after purchasing an additional 175,326 shares during the period. Institutional investors and hedge funds own 67.14% of the company’s stock.

ARI has been the subject of several research analyst reports. Zacks Investment Research lowered Apollo Commercial Real Est. Finance from a “hold” rating to a “strong sell” rating in a research report on Friday, October 26th. Barclays boosted their price objective on Apollo Commercial Real Est. Finance from $18.00 to $19.00 and gave the company an “equal weight” rating in a research report on Friday, November 30th. Finally, JPMorgan Chase & Co. upgraded Apollo Commercial Real Est. Finance from a “neutral” rating to an “overweight” rating and decreased their price objective for the company from $18.50 to $18.00 in a research report on Wednesday, January 16th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $19.33.

Shares of ARI opened at $18.45 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 48.07 and a quick ratio of 48.07. Apollo Commercial Real Est. Finance Inc has a 52-week low of $16.41 and a 52-week high of $19.57. The company has a market capitalization of $2.47 billion, a P/E ratio of 11.98 and a beta of 0.62.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 15th. Investors of record on Monday, December 31st were given a $0.46 dividend. The ex-dividend date was Friday, December 28th. This represents a $1.84 annualized dividend and a dividend yield of 9.97%. Apollo Commercial Real Est. Finance’s dividend payout ratio is presently 119.48%.

In other Apollo Commercial Real Est. Finance news, CEO Stuart Rothstein sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 15th. The stock was sold at an average price of $17.48, for a total value of $699,200.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jeffrey M. Gault sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $18.52, for a total value of $185,200.00. Following the completion of the sale, the director now owns 37,156 shares in the company, valued at approximately $688,129.12. The disclosure for this sale can be found here. Insiders sold a total of 60,000 shares of company stock valued at $1,072,900 over the last quarter. 0.65% of the stock is owned by insiders.

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Apollo Commercial Real Est. Finance Company Profile

Apollo Commercial Real Estate Finance, Inc operates as a real estate investment trust (REIT) that primarily 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 company is qualified as a REIT under the Internal Revenue Code.

See Also: Diversification

Want to see what other hedge funds are holding ARI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apollo Commercial Real Est. Finance Inc (NYSE:ARI).

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

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