International Assets Investment Management LLC Purchases New Holdings in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

International Assets Investment Management LLC acquired a new stake in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,250 shares of the real estate investment trust’s stock, valued at approximately $1,130,000.

Several other institutional investors have also added to or reduced their stakes in ARI. Private Advisor Group LLC increased its stake in shares of Apollo Commercial Real Estate Finance by 73.2% in the first quarter. Private Advisor Group LLC now owns 39,901 shares of the real estate investment trust’s stock valued at $444,000 after buying an additional 16,862 shares during the period. Diversify Advisory Services LLC bought a new stake in Apollo Commercial Real Estate Finance in the 1st quarter valued at about $169,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Apollo Commercial Real Estate Finance by 11.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 789,761 shares of the real estate investment trust’s stock valued at $8,798,000 after acquiring an additional 78,833 shares in the last quarter. BNP Paribas Financial Markets grew its position in Apollo Commercial Real Estate Finance by 75.8% in the 1st quarter. BNP Paribas Financial Markets now owns 70,810 shares of the real estate investment trust’s stock valued at $789,000 after purchasing an additional 30,540 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Apollo Commercial Real Estate Finance by 20.9% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 182,895 shares of the real estate investment trust’s stock valued at $2,037,000 after buying an additional 31,572 shares in the last quarter. 54.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on ARI shares. BTIG Research began coverage on shares of Apollo Commercial Real Estate Finance in a research note on Friday, July 19th. They issued a “neutral” rating for the company. JPMorgan Chase & Co. dropped their target price on shares of Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating on the stock in a research note on Thursday, October 17th. Finally, StockNews.com lowered Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a report on Monday. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat, Apollo Commercial Real Estate Finance has a consensus rating of “Hold” and an average target price of $9.88.

Apollo Commercial Real Estate Finance Stock Up 2.3 %

Shares of Apollo Commercial Real Estate Finance stock opened at $8.98 on Tuesday. Apollo Commercial Real Estate Finance, Inc. has a 12-month low of $8.52 and a 12-month high of $12.74. The company has a market cap of $1.24 billion, a P/E ratio of -9.76, a PEG ratio of 1.47 and a beta of 1.75. The company’s fifty day simple moving average is $9.39 and its two-hundred day simple moving average is $9.94. The company has a current ratio of 46.13, a quick ratio of 54.21 and a debt-to-equity ratio of 0.67.

Apollo Commercial Real Estate Finance Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.00 annualized dividend and a yield of 11.14%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is presently -108.70%.

Insider Transactions at Apollo Commercial Real Estate Finance

In related news, Director Scott Prince sold 4,935 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $10.12, for a total transaction of $49,942.20. Following the completion of the sale, the director now directly owns 81,154 shares in the company, valued at approximately $821,278.48. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.68% 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.