Bank of Montreal Can Purchases 5,476 Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Bank of Montreal Can increased its position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 11.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 53,248 shares of the real estate investment trust’s stock after acquiring an additional 5,476 shares during the period. Bank of Montreal Can’s holdings in Apollo Commercial Real Estate Finance were worth $538,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Cetera Advisors LLC grew its stake in shares of Apollo Commercial Real Estate Finance by 400.4% during the 1st quarter. Cetera Advisors LLC now owns 83,443 shares of the real estate investment trust’s stock valued at $930,000 after purchasing an additional 66,768 shares during the period. Van ECK Associates Corp raised its position in Apollo Commercial Real Estate Finance by 32.1% in 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 acquiring an additional 251,280 shares during the period. CANADA LIFE ASSURANCE Co raised its position in Apollo Commercial Real Estate Finance by 6.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 110,304 shares of the real estate investment trust’s stock worth $1,229,000 after acquiring an additional 6,720 shares during the period. Victory Capital Management Inc. grew its position in shares of Apollo Commercial Real Estate Finance by 36.1% during the 2nd quarter. Victory Capital Management Inc. now owns 225,123 shares of the real estate investment trust’s stock valued at $2,204,000 after acquiring an additional 59,764 shares during the period. Finally, ProShare Advisors LLC increased its stake in shares of Apollo Commercial Real Estate Finance by 7.5% in the 1st quarter. ProShare Advisors LLC now owns 28,386 shares of the real estate investment trust’s stock worth $316,000 after purchasing an additional 1,985 shares in the last quarter. Hedge funds and other institutional investors own 54.43% of the company’s stock.

Insider Activity at Apollo Commercial Real Estate Finance

In other Apollo Commercial Real Estate Finance news, Director Scott Prince sold 4,935 shares of the company’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 completion of the transaction, the director now directly owns 81,154 shares in the company, valued at $821,278.48. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.68% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

ARI has been the topic of several analyst reports. BTIG Research assumed coverage on Apollo Commercial Real Estate Finance in a research report on Friday, July 19th. They set a “neutral” rating on the stock. JPMorgan Chase & Co. lifted their price objective on Apollo Commercial Real Estate Finance from $9.50 to $10.00 and gave the company a “neutral” rating in a research report on Tuesday, July 16th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $10.25.

Apollo Commercial Real Estate Finance Trading Down 0.1 %

Shares of Apollo Commercial Real Estate Finance stock opened at $8.75 on Wednesday. Apollo Commercial Real Estate Finance, Inc. has a fifty-two week low of $8.67 and a fifty-two week high of $12.74. The company has a debt-to-equity ratio of 0.63, a quick ratio of 54.21 and a current ratio of 54.21. The company has a market capitalization of $1.24 billion, a P/E ratio of -11.22, a P/E/G ratio of 2.15 and a beta of 1.75. The company has a fifty day moving average of $9.93 and a 200 day moving average of $10.22.

Apollo Commercial Real Estate Finance Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 11.43%. The ex-dividend date is Monday, September 30th. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently -128.21%.

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.