Commonwealth Equity Services LLC Grows Stock Holdings in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Commonwealth Equity Services LLC increased its stake in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 8.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 60,500 shares of the real estate investment trust’s stock after buying an additional 4,714 shares during the period. Commonwealth Equity Services LLC’s holdings in Apollo Commercial Real Estate Finance were worth $592,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in ARI. H&H Retirement Design & Management INC lifted its holdings in shares of Apollo Commercial Real Estate Finance by 3.3% in the fourth quarter. H&H Retirement Design & Management INC now owns 33,644 shares of the real estate investment trust’s stock valued at $395,000 after purchasing an additional 1,081 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Apollo Commercial Real Estate Finance by 1.7% in the second quarter. Louisiana State Employees Retirement System now owns 65,800 shares of the real estate investment trust’s stock valued at $644,000 after purchasing an additional 1,100 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Apollo Commercial Real Estate Finance by 10.3% in the first quarter. SG Americas Securities LLC now owns 17,711 shares of the real estate investment trust’s stock valued at $197,000 after purchasing an additional 1,653 shares in the last quarter. ProShare Advisors LLC lifted its holdings in shares of Apollo Commercial Real Estate Finance by 7.5% in the first quarter. ProShare Advisors LLC now owns 28,386 shares of the real estate investment trust’s stock valued at $316,000 after purchasing an additional 1,985 shares in the last quarter. Finally, Texas Permanent School Fund Corp lifted its holdings in shares of Apollo Commercial Real Estate Finance by 1.9% in the first quarter. Texas Permanent School Fund Corp now owns 114,413 shares of the real estate investment trust’s stock valued at $1,275,000 after purchasing an additional 2,117 shares in the last quarter. Hedge funds and other institutional investors own 54.43% of the company’s stock.

Apollo Commercial Real Estate Finance Trading Down 1.6 %

NYSE ARI opened at $9.65 on Friday. Apollo Commercial Real Estate Finance, Inc. has a 12 month low of $9.14 and a 12 month high of $12.74. The company has a debt-to-equity ratio of 0.63, a current ratio of 54.21 and a quick ratio of 54.21. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of -12.37, a price-to-earnings-growth ratio of 2.15 and a beta of 1.76. The company’s fifty day moving average price is $10.33 and its two-hundred day moving average price is $10.40.

Apollo Commercial Real Estate Finance Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.25 per share. The ex-dividend date is Sunday, September 29th. This represents a $1.00 dividend on an annualized basis and a yield of 10.36%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is -128.21%.

Insider Buying and Selling at Apollo Commercial Real Estate Finance

In other Apollo Commercial Real Estate Finance news, Director Scott Prince sold 4,935 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $10.12, for a total transaction of $49,942.20. Following the transaction, the director now directly owns 81,154 shares in the company, valued at approximately $821,278.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.68% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ARI. BTIG Research began coverage on shares of Apollo Commercial Real Estate Finance in a research report on Friday, July 19th. They issued a “neutral” rating for the company. JPMorgan Chase & Co. increased their price objective on shares of Apollo Commercial Real Estate Finance from $9.50 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 16th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Apollo Commercial Real Estate Finance has an average rating of “Hold” and a consensus price target of $10.25.

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.