JPMorgan Chase & Co. Trims Position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

JPMorgan Chase & Co. cut its holdings in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 30.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 208,944 shares of the real estate investment trust’s stock after selling 93,116 shares during the period. JPMorgan Chase & Co. owned 0.15% of Apollo Commercial Real Estate Finance worth $1,920,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. AQR Capital Management LLC boosted its position in shares of Apollo Commercial Real Estate Finance by 1.8% during the second quarter. AQR Capital Management LLC now owns 59,621 shares of the real estate investment trust’s stock valued at $584,000 after purchasing an additional 1,039 shares in the last quarter. PFG Investments LLC boosted its position in shares of Apollo Commercial Real Estate Finance by 2.9% during the third quarter. PFG Investments LLC now owns 48,584 shares of the real estate investment trust’s stock valued at $446,000 after purchasing an additional 1,352 shares in the last quarter. QRG Capital Management Inc. boosted its position in shares of Apollo Commercial Real Estate Finance by 2.2% during 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 purchasing an additional 1,456 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Apollo Commercial Real Estate Finance by 3.0% during the second quarter. The Manufacturers Life Insurance Company now owns 70,256 shares of the real estate investment trust’s stock valued at $688,000 after purchasing an additional 2,037 shares in the last quarter. Finally, Private Advisor Group LLC boosted its position in shares of Apollo Commercial Real Estate Finance by 9.0% during the third quarter. Private Advisor Group LLC now owns 28,872 shares of the real estate investment trust’s stock valued at $265,000 after purchasing an additional 2,382 shares in the last quarter. 54.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ARI. StockNews.com upgraded Apollo Commercial Real Estate Finance from a “sell” rating to a “hold” rating in a research report on Tuesday. Keefe, Bruyette & Woods dropped their target price on Apollo Commercial Real Estate Finance from $9.00 to $8.75 and set a “market perform” rating on the stock in a report on Tuesday, January 14th. JPMorgan Chase & Co. dropped their target price on 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. Finally, UBS Group dropped 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 report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat.com, Apollo Commercial Real Estate Finance currently has an average rating of “Hold” and an average target price of $9.31.

Apollo Commercial Real Estate Finance Stock Performance

NYSE ARI opened at $8.91 on Thursday. The business has a 50-day moving average price of $9.02 and a 200-day moving average price of $9.51. Apollo Commercial Real Estate Finance, Inc. has a twelve month low of $8.44 and a twelve month high of $11.97. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of -9.68 and a beta of 1.74. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 11.23%. The ex-dividend date was Tuesday, December 31st. Apollo Commercial Real Estate Finance’s payout ratio is presently -108.69%.

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.