Hsbc Holdings PLC Has $186,000 Holdings in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Hsbc Holdings PLC boosted its position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 22.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,225 shares of the real estate investment trust’s stock after buying an additional 3,463 shares during the period. Hsbc Holdings PLC’s holdings in Apollo Commercial Real Estate Finance were worth $186,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its position in shares of Apollo Commercial Real Estate Finance by 1.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,074,796 shares of the real estate investment trust’s stock valued at $10,522,000 after purchasing an additional 19,611 shares in the last quarter. Van ECK Associates Corp grew its position in shares of Apollo Commercial Real Estate Finance by 32.1% during the 2nd quarter. Van ECK Associates Corp now owns 1,034,316 shares of the real estate investment trust’s stock worth $10,126,000 after buying an additional 251,280 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Apollo Commercial Real Estate Finance by 11.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 789,761 shares of the real estate investment trust’s stock valued at $8,798,000 after acquiring an additional 78,833 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Apollo Commercial Real Estate Finance by 5.6% during the 1st quarter. Cetera Investment Advisers now owns 312,078 shares of the real estate investment trust’s stock valued at $3,477,000 after acquiring an additional 16,565 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake 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 in the last quarter. 54.43% of the stock is currently owned by institutional investors and hedge funds.

Apollo Commercial Real Estate Finance Stock Down 0.3 %

Apollo Commercial Real Estate Finance stock opened at $8.89 on Friday. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of -11.40, a price-to-earnings-growth ratio of 2.15 and a beta of 1.75. The firm’s fifty day moving average price is $10.01 and its two-hundred day moving average price is $10.27. Apollo Commercial Real Estate Finance, Inc. has a 1-year low of $8.76 and a 1-year high of $12.74. The company has a current ratio of 54.21, a quick ratio of 54.21 and a debt-to-equity ratio of 0.63.

Apollo Commercial Real Estate Finance Cuts Dividend

The business also recently declared 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 Monday, September 30th. This represents a $1.00 dividend on an annualized basis and a yield of 11.25%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is currently -128.21%.

Insiders Place Their Bets

In related news, Director Scott Prince sold 4,935 shares of Apollo Commercial Real Estate Finance stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $10.12, for a total transaction of $49,942.20. Following the transaction, the director now owns 81,154 shares of the company’s stock, valued at $821,278.48. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ARI shares. JPMorgan Chase & Co. upped their price objective on shares of Apollo Commercial Real Estate Finance from $9.50 to $10.00 and gave the company a “neutral” rating in a report on Tuesday, July 16th. BTIG Research assumed coverage on Apollo Commercial Real Estate Finance in a research note on Friday, July 19th. They set a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price 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.