Thrivent Financial for Lutherans Lowers Stock Holdings in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Thrivent Financial for Lutherans cut its holdings in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,703 shares of the real estate investment trust’s stock after selling 1,693 shares during the period. Thrivent Financial for Lutherans owned about 0.07% of Apollo Commercial Real Estate Finance worth $855,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of ARI. Jane Street Group LLC grew its holdings in shares of Apollo Commercial Real Estate Finance by 139.4% in the third quarter. Jane Street Group LLC now owns 302,388 shares of the real estate investment trust’s stock valued at $2,779,000 after purchasing an additional 176,101 shares in the last quarter. Barclays PLC grew its stake in shares of Apollo Commercial Real Estate Finance by 65.9% in the third quarter. Barclays PLC now owns 329,462 shares of the real estate investment trust’s stock worth $3,028,000 after acquiring an additional 130,892 shares in the last quarter. Atria Wealth Solutions Inc. grew its stake in shares of Apollo Commercial Real Estate Finance by 168.7% in the fourth quarter. Atria Wealth Solutions Inc. now owns 73,992 shares of the real estate investment trust’s stock worth $641,000 after acquiring an additional 46,458 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Apollo Commercial Real Estate Finance by 21.4% during the fourth quarter. Victory Capital Management Inc. now owns 252,609 shares of the real estate investment trust’s stock worth $2,188,000 after acquiring an additional 44,492 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Apollo Commercial Real Estate Finance by 7.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,263,378 shares of the real estate investment trust’s stock valued at $19,601,000 after purchasing an additional 162,089 shares during the period. 54.43% of the stock is currently owned by hedge funds and other institutional investors.

Apollo Commercial Real Estate Finance Price Performance

Shares of NYSE ARI opened at $9.58 on Wednesday. The stock’s 50-day simple moving average is $9.66 and its 200-day simple moving average is $9.26. The firm has a market capitalization of $1.33 billion, a PE ratio of -10.08 and a beta of 1.74. Apollo Commercial Real Estate Finance, Inc. has a fifty-two week low of $8.44 and a fifty-two week high of $11.20. The company has a debt-to-equity ratio of 0.67, a quick ratio of 51.19 and a current ratio of 51.19.

Apollo Commercial Real Estate Finance (NYSE:ARI) last released its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.07. Apollo Commercial Real Estate Finance had a negative net margin of 39.40% and a positive return on equity of 9.37%. As a group, equities research analysts forecast that Apollo Commercial Real Estate Finance, Inc. will post 0.63 EPS for the current fiscal year.

Apollo Commercial Real Estate Finance Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 10.44%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is presently -105.26%.

Insider Buying and Selling at Apollo Commercial Real Estate Finance

In related news, CEO Stuart Rothstein sold 52,074 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $9.99, for a total transaction of $520,219.26. Following the completion of the sale, the chief executive officer now owns 385,928 shares in the company, valued at $3,855,420.72. This represents a 11.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Carmencita N.M. Whonder sold 11,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $9.96, for a total transaction of $109,560.00. Following the transaction, the director now directly owns 9,624 shares in the company, valued at $95,855.04. The trade was a 53.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. StockNews.com upgraded Apollo Commercial Real Estate Finance from a “sell” rating to a “hold” rating in a report on Saturday, February 15th. Keefe, Bruyette & Woods reduced their target price on shares of 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. Finally, UBS Group boosted their price target on shares of Apollo Commercial Real Estate Finance from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Apollo Commercial Real Estate Finance currently has an average rating of “Hold” and a consensus target price of $9.08.

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.