Mutual of America Capital Management LLC Sells 2,353 Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Mutual of America Capital Management LLC lessened its position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 10.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,144 shares of the real estate investment trust’s stock after selling 2,353 shares during the period. Mutual of America Capital Management LLC’s holdings in Apollo Commercial Real Estate Finance were worth $176,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. KBC Group NV increased its position in shares of Apollo Commercial Real Estate Finance by 57.7% during the third quarter. KBC Group NV now owns 7,002 shares of the real estate investment trust’s stock worth $64,000 after acquiring an additional 2,562 shares in the last quarter. GSA Capital Partners LLP bought a new position in Apollo Commercial Real Estate Finance in the third quarter valued at $422,000. Baker Avenue Asset Management LP grew its position in Apollo Commercial Real Estate Finance by 7.1% in the third quarter. Baker Avenue Asset Management LP now owns 169,289 shares of the real estate investment trust’s stock valued at $1,556,000 after purchasing an additional 11,179 shares in the last quarter. QRG Capital Management Inc. lifted its stake in Apollo Commercial Real Estate Finance by 2.2% in the third quarter. QRG Capital Management Inc. now owns 67,502 shares of the real estate investment trust’s stock valued at $620,000 after acquiring an additional 1,456 shares during the last quarter. Finally, AM Investment Strategies LLC lifted its stake in Apollo Commercial Real Estate Finance by 20.5% in the third quarter. AM Investment Strategies LLC now owns 108,417 shares of the real estate investment trust’s stock valued at $996,000 after acquiring an additional 18,423 shares during the last quarter. Institutional investors own 54.43% of the company’s stock.

Apollo Commercial Real Estate Finance Price Performance

Shares of Apollo Commercial Real Estate Finance stock opened at $9.25 on Friday. The company has a quick ratio of 46.13, a current ratio of 46.13 and a debt-to-equity ratio of 0.67. Apollo Commercial Real Estate Finance, Inc. has a twelve month low of $8.52 and a twelve month high of $12.74. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of -10.05 and a beta of 1.75. The company has a 50-day simple moving average of $9.03 and a two-hundred day simple moving average of $9.80.

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. This represents a $1.00 annualized dividend and a yield of 10.81%. The ex-dividend date was Monday, September 30th. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently -108.69%.

Analyst Upgrades and Downgrades

ARI has been the subject of a number of recent analyst reports. UBS Group cut their price target on shares of Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a “neutral” rating for the company in a research note on Friday, November 15th. JPMorgan Chase & Co. cut their target price on shares of Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating for the company in a research note on Thursday, October 17th. Finally, StockNews.com cut 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $9.63.

Apollo Commercial Real Estate Finance 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.