Principal Financial Group Inc. Sells 45,235 Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Principal Financial Group Inc. lessened its position in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 7.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 601,074 shares of the real estate investment trust’s stock after selling 45,235 shares during the quarter. Principal Financial Group Inc. owned about 0.43% of Apollo Commercial Real Estate Finance worth $5,524,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Triad Wealth Partners LLC bought a new stake in Apollo Commercial Real Estate Finance in the second quarter worth $43,000. Future Financial Wealth Managment LLC bought a new stake in shares of Apollo Commercial Real Estate Finance in the 3rd quarter worth about $44,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Apollo Commercial Real Estate Finance during the 2nd quarter valued at about $59,000. Quest Partners LLC raised its position in shares of Apollo Commercial Real Estate Finance by 7,689.4% during the 2nd quarter. Quest Partners LLC now owns 9,581 shares of the real estate investment trust’s stock valued at $94,000 after buying an additional 9,458 shares in the last quarter. Finally, Algert Global LLC bought a new position in shares of Apollo Commercial Real Estate Finance in the 2nd quarter valued at about $133,000. Institutional investors own 54.43% of the company’s stock.

Apollo Commercial Real Estate Finance Trading Down 0.5 %

NYSE ARI opened at $9.12 on Thursday. The stock has a market cap of $1.26 billion, a PE ratio of -9.89 and a beta of 1.75. Apollo Commercial Real Estate Finance, Inc. has a 12 month low of $8.52 and a 12 month high of $12.74. The company’s 50-day moving average price is $9.11 and its 200-day moving average price is $9.84. The company has a current ratio of 46.13, a quick ratio of 46.13 and a debt-to-equity ratio of 0.67.

Apollo Commercial Real Estate Finance Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.00 dividend on an annualized basis and a yield of 10.97%. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently -108.70%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ARI. JPMorgan Chase & Co. decreased their price objective on Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating on the stock in a research report on Thursday, October 17th. UBS Group lowered their price target on Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a “neutral” rating for the company in a research report on Friday, November 15th. Finally, StockNews.com downgraded shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a research note on Monday, November 4th. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $9.63.

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.