Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC reduced its position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 38.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,343 shares of the real estate investment trust’s stock after selling 7,107 shares during the period. HighTower Advisors LLC’s holdings in Apollo Commercial Real Estate Finance were worth $106,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its position 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 acquiring an additional 196,122 shares during the period. Van ECK Associates Corp increased 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 valued at $10,126,000 after purchasing an additional 251,280 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Apollo Commercial Real Estate Finance by 36.1% during the 2nd quarter. Victory Capital Management Inc. now owns 225,123 shares of the real estate investment trust’s stock worth $2,204,000 after buying an additional 59,764 shares during the period. Envestnet Asset Management Inc. raised its position in Apollo Commercial Real Estate Finance by 8.0% during the second quarter. Envestnet Asset Management Inc. now owns 281,902 shares of the real estate investment trust’s stock worth $2,760,000 after acquiring an additional 20,801 shares during the period. Finally, Quest Partners LLC lifted its holdings 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 purchasing an additional 92,060 shares in the last quarter. 54.43% of the stock is owned by hedge funds and other institutional investors.

Apollo Commercial Real Estate Finance Trading Down 0.3 %

ARI opened at $9.06 on Friday. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of -9.85 and a beta of 1.75. The company’s 50 day simple moving average is $9.06 and its two-hundred day simple moving average is $9.66. Apollo Commercial Real Estate Finance, Inc. has a 1-year low of $8.52 and a 1-year high of $12.72. The company has a debt-to-equity ratio of 0.67, a current ratio of 46.13 and a quick ratio of 46.13.

Apollo Commercial Real Estate Finance Dividend Announcement

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

Analyst Ratings Changes

Several research firms recently weighed in on ARI. 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. UBS Group decreased their target price on Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a “neutral” rating on the stock in a research report on Friday, November 15th. Finally, JPMorgan Chase & Co. dropped their price target on Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating for the company in a research report on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $9.63.

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.