Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Shares Bought by Jane Street Group LLC

Jane Street Group LLC raised its holdings in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 139.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 302,388 shares of the real estate investment trust’s stock after purchasing an additional 176,101 shares during the quarter. Jane Street Group LLC owned 0.22% of Apollo Commercial Real Estate Finance worth $2,779,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Hotchkis & Wiley Capital Management LLC lifted its position in Apollo Commercial Real Estate Finance by 1.1% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 578,210 shares of the real estate investment trust’s stock valued at $5,314,000 after buying an additional 6,200 shares during the last quarter. Paloma Partners Management Co acquired a new position in shares of Apollo Commercial Real Estate Finance in the 3rd quarter worth approximately $143,000. BBR Partners LLC purchased a new position in shares of Apollo Commercial Real Estate Finance during the 3rd quarter worth approximately $138,000. BNP Paribas Financial Markets increased its holdings in Apollo Commercial Real Estate Finance by 89.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 54,705 shares of the real estate investment trust’s stock valued at $503,000 after purchasing an additional 25,784 shares during the last quarter. Finally, Penserra Capital Management LLC raised its position in Apollo Commercial Real Estate Finance by 23.0% in the third quarter. Penserra Capital Management LLC now owns 96,211 shares of the real estate investment trust’s stock valued at $884,000 after purchasing an additional 17,980 shares during the period. Institutional investors and hedge funds own 54.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ARI. StockNews.com cut Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a research note on Monday, November 4th. 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 on the stock in a research note on Friday, November 15th. Finally, JPMorgan Chase & Co. lowered their price objective 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. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat.com, Apollo Commercial Real Estate Finance has a consensus rating of “Hold” and an average target price of $9.63.

Apollo Commercial Real Estate Finance Stock Performance

Shares of Apollo Commercial Real Estate Finance stock opened at $9.04 on Friday. The business has a 50-day simple moving average of $9.05 and a 200-day simple moving average of $9.68. The company has a debt-to-equity ratio of 0.67, a quick ratio of 46.13 and a current ratio of 46.13. Apollo Commercial Real Estate Finance, Inc. has a one year low of $8.52 and a one year high of $12.74. The company has a market cap of $1.25 billion, a PE ratio of -9.83 and a beta of 1.75.

Apollo Commercial Real Estate Finance Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 11.06%. The ex-dividend date is Tuesday, December 31st. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is presently -108.70%.

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.