Fmr LLC Sells 82,964 Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Fmr LLC trimmed its position in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 84.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 14,936 shares of the real estate investment trust’s stock after selling 82,964 shares during the quarter. Fmr LLC’s holdings in Apollo Commercial Real Estate Finance were worth $137,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Luxor Capital Group LP bought a new stake in shares of Apollo Commercial Real Estate Finance during the 2nd quarter valued at about $7,342,000. Van ECK Associates Corp lifted its stake in shares of Apollo Commercial Real Estate Finance by 32.1% in the 2nd quarter. Van ECK Associates Corp now owns 1,034,316 shares of the real estate investment trust’s stock worth $10,126,000 after purchasing an additional 251,280 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of Apollo Commercial Real Estate Finance by 72.0% in the third quarter. Advisors Asset Management Inc. now owns 468,335 shares of the real estate investment trust’s stock worth $4,304,000 after buying an additional 196,122 shares during the last quarter. Quest Partners LLC grew its position in Apollo Commercial Real Estate Finance by 960.9% during the third quarter. Quest Partners LLC now owns 101,641 shares of the real estate investment trust’s stock valued at $934,000 after buying an additional 92,060 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in Apollo Commercial Real Estate Finance by 36.1% during the second quarter. Victory Capital Management Inc. now owns 225,123 shares of the real estate investment trust’s stock valued at $2,204,000 after buying an additional 59,764 shares during the last quarter. 54.43% of the stock is currently owned by institutional investors.

Apollo Commercial Real Estate Finance Price Performance

Shares of NYSE ARI opened at $9.04 on Monday. Apollo Commercial Real Estate Finance, Inc. has a 52 week low of $8.52 and a 52 week high of $12.74. The business’s 50 day moving average price is $9.05 and its 200 day moving average price is $9.68. The company has a quick ratio of 46.13, a current ratio of 46.13 and a debt-to-equity ratio of 0.67. The firm has a market cap of $1.25 billion, a P/E ratio of -9.83 and a beta of 1.75.

Apollo Commercial Real Estate Finance Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ARI shares. UBS Group cut 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 report on Friday, November 15th. StockNews.com downgraded Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. reduced 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 report on Thursday, October 17th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.