Rhumbline Advisers Lowers Stock Holdings in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Rhumbline Advisers reduced its position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 2.4% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 431,159 shares of the real estate investment trust’s stock after selling 10,828 shares during the quarter. Rhumbline Advisers owned about 0.30% of Apollo Commercial Real Estate Finance worth $4,221,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its holdings in Apollo Commercial Real Estate Finance by 32.1% during the second quarter. Van ECK Associates Corp now owns 1,034,316 shares of the real estate investment trust’s stock worth $10,126,000 after purchasing an additional 251,280 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in Apollo Commercial Real Estate Finance by 8.5% during the second quarter. Commonwealth Equity Services LLC now owns 60,500 shares of the real estate investment trust’s stock worth $592,000 after purchasing an additional 4,714 shares during the period. AM Investment Strategies LLC raised its position in shares of Apollo Commercial Real Estate Finance by 42.9% in the 2nd quarter. AM Investment Strategies LLC now owns 89,994 shares of the real estate investment trust’s stock worth $881,000 after buying an additional 27,038 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Apollo Commercial Real Estate Finance by 1.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,074,796 shares of the real estate investment trust’s stock valued at $10,522,000 after purchasing an additional 19,611 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its holdings in shares of Apollo Commercial Real Estate Finance by 1.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 65,800 shares of the real estate investment trust’s stock worth $644,000 after purchasing an additional 1,100 shares during the period. 54.43% of the stock is owned by hedge funds and other institutional investors.

Apollo Commercial Real Estate Finance Price Performance

Shares of NYSE ARI opened at $9.65 on Tuesday. The company has a current ratio of 54.21, a quick ratio of 54.21 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of -12.37, a price-to-earnings-growth ratio of 2.15 and a beta of 1.76. Apollo Commercial Real Estate Finance, Inc. has a twelve month low of $9.14 and a twelve month high of $12.74. The business has a 50 day simple moving average of $10.37 and a 200-day simple moving average of $10.42.

Apollo Commercial Real Estate Finance Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.25 per share. The ex-dividend date is Sunday, September 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.36%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is -128.21%.

Analysts Set New Price Targets

A number of analysts recently weighed in on ARI shares. JPMorgan Chase & Co. upped their price target on shares of Apollo Commercial Real Estate Finance from $9.50 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 16th. BTIG Research started coverage on Apollo Commercial Real Estate Finance in a research note on Friday, July 19th. They issued a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat.com, Apollo Commercial Real Estate Finance presently has an average rating of “Hold” and a consensus target price of $10.25.

Insider Transactions at Apollo Commercial Real Estate Finance

In related news, Director Scott Prince sold 4,935 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $10.12, for a total value of $49,942.20. Following the sale, the director now owns 81,154 shares of the company’s stock, valued at approximately $821,278.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.68% of the company’s stock.

About Apollo Commercial Real Estate Finance

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.