Thrivent Financial for Lutherans Sells 4,836 Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Thrivent Financial for Lutherans lowered its holdings in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 4.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 109,774 shares of the real estate investment trust’s stock after selling 4,836 shares during the period. Thrivent Financial for Lutherans owned approximately 0.08% of Apollo Commercial Real Estate Finance worth $1,075,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Triad Wealth Partners LLC acquired a new position in shares of Apollo Commercial Real Estate Finance in the 2nd quarter valued at approximately $43,000. Future Financial Wealth Managment LLC acquired a new position in shares of Apollo Commercial Real Estate Finance in the 1st quarter valued at approximately $56,000. Quest Partners LLC raised its position in shares of Apollo Commercial Real Estate Finance by 7,689.4% in the 2nd quarter. Quest Partners LLC now owns 9,581 shares of the real estate investment trust’s stock valued at $94,000 after buying an additional 9,458 shares in the last quarter. Hollencrest Capital Management raised its position in shares of Apollo Commercial Real Estate Finance by 100.0% in the 1st quarter. Hollencrest Capital Management now owns 10,000 shares of the real estate investment trust’s stock valued at $111,000 after buying an additional 5,000 shares in the last quarter. Finally, HighPoint Advisor Group LLC acquired a new position in shares of Apollo Commercial Real Estate Finance in the 4th quarter valued at approximately $132,000. Institutional investors own 54.43% of the company’s stock.

Apollo Commercial Real Estate Finance Price Performance

ARI stock opened at $8.89 on Friday. The company has a 50 day simple moving average of $10.01 and a 200 day simple moving average of $10.27. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of -11.40, a P/E/G ratio of 2.15 and a beta of 1.75. 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 debt-to-equity ratio of 0.63, a current ratio of 54.21 and a quick ratio of 54.21.

Apollo Commercial Real Estate Finance Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 11.25%. The ex-dividend date is Monday, September 30th. Apollo Commercial Real Estate Finance’s dividend payout ratio is -128.21%.

Insider Buying and Selling

In other Apollo Commercial Real Estate Finance news, Director Scott Prince sold 4,935 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $10.12, for a total value of $49,942.20. Following the completion of the transaction, the director now directly owns 81,154 shares in the company, valued at approximately $821,278.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.68% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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