Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Position Trimmed by Geode Capital Management LLC

Geode Capital Management LLC decreased its holdings in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 1.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,178,675 shares of the real estate investment trust’s stock after selling 30,915 shares during the period. Geode Capital Management LLC owned about 2.30% of Apollo Commercial Real Estate Finance worth $29,218,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Future Financial Wealth Managment LLC acquired a new position in shares of Apollo Commercial Real Estate Finance in the third quarter worth $44,000. EverSource Wealth Advisors LLC purchased a new position in Apollo Commercial Real Estate Finance in the second quarter valued at about $59,000. KBC Group NV increased its position in Apollo Commercial Real Estate Finance by 57.7% in the 3rd quarter. KBC Group NV now owns 7,002 shares of the real estate investment trust’s stock worth $64,000 after purchasing an additional 2,562 shares during the last quarter. Quest Partners LLC raised its stake 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 worth $94,000 after purchasing an additional 9,458 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in shares of Apollo Commercial Real Estate Finance during the 3rd quarter valued at about $1,130,000. 54.43% of the stock is currently owned by institutional investors and hedge funds.

Apollo Commercial Real Estate Finance Stock Performance

Shares of NYSE ARI opened at $9.06 on Friday. Apollo Commercial Real Estate Finance, Inc. has a 12 month low of $8.52 and a 12 month high of $12.72. 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 company has a market cap of $1.25 billion, a P/E ratio of -9.85 and a beta of 1.75. The business’s 50 day moving average is $9.06 and its two-hundred day moving average is $9.66.

Apollo Commercial Real Estate Finance Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 11.04%. The ex-dividend date is Tuesday, December 31st. Apollo Commercial Real Estate Finance’s payout ratio is currently -108.70%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ARI shares. 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 note on Friday, November 15th. StockNews.com downgraded shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. cut their price target on shares of Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating on the stock in a report on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus 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.