Raymond James & Associates Sells 90,425 Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Raymond James & Associates lessened its holdings in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 64.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,966 shares of the real estate investment trust’s stock after selling 90,425 shares during the quarter. Raymond James & Associates’ holdings in Apollo Commercial Real Estate Finance were worth $575,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. EMC Capital Management boosted its position in shares of Apollo Commercial Real Estate Finance by 134.6% during the 3rd quarter. EMC Capital Management now owns 6,922 shares of the real estate investment trust’s stock valued at $70,000 after acquiring an additional 3,971 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new position in shares of Apollo Commercial Real Estate Finance during the 3rd quarter valued at about $105,000. Koshinski Asset Management Inc. raised its holdings in shares of Apollo Commercial Real Estate Finance by 13.3% during the 3rd quarter. Koshinski Asset Management Inc. now owns 13,702 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 1,609 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Apollo Commercial Real Estate Finance by 7.6% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 15,966 shares of the real estate investment trust’s stock valued at $162,000 after buying an additional 1,129 shares in the last quarter. Finally, Private Advisor Group LLC raised its holdings in shares of Apollo Commercial Real Estate Finance by 7.6% during the 3rd quarter. Private Advisor Group LLC now owns 23,032 shares of the real estate investment trust’s stock valued at $233,000 after buying an additional 1,620 shares in the last quarter. Institutional investors own 54.43% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on ARI. TheStreet raised Apollo Commercial Real Estate Finance from a “d+” rating to a “c-” rating in a report on Wednesday, March 20th. JPMorgan Chase & Co. decreased their price objective on Apollo Commercial Real Estate Finance from $11.00 to $10.50 and set a “neutral” rating on the stock in a report on Wednesday, April 10th. Finally, Bank of America cut Apollo Commercial Real Estate Finance from a “neutral” rating to an “underperform” rating and set a $10.50 price objective on the stock. in a report on Monday, March 4th. One analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $10.50.

Apollo Commercial Real Estate Finance Stock Down 1.0 %

ARI stock opened at $10.73 on Friday. Apollo Commercial Real Estate Finance, Inc. has a 1-year low of $9.22 and a 1-year high of $12.74. The business has a fifty day moving average price of $10.95 and a 200-day moving average price of $11.00. The company has a debt-to-equity ratio of 0.57, a current ratio of 67.74 and a quick ratio of 67.73. The stock has a market capitalization of $1.52 billion, a P/E ratio of 35.77 and a beta of 1.67.

Apollo Commercial Real Estate Finance Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 13.05%. The ex-dividend date was Wednesday, March 27th. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently 466.67%.

Insider Transactions at Apollo Commercial Real Estate Finance

In other news, CEO Stuart Rothstein sold 40,000 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now owns 415,292 shares in the company, valued at $4,402,095.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.61% of the company’s stock.

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.