Sei Investments Co. Sells 7,188 Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Sei Investments Co. cut its holdings in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 10.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,138 shares of the real estate investment trust’s stock after selling 7,188 shares during the period. Sei Investments Co.’s holdings in Apollo Commercial Real Estate Finance were worth $628,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Palogic Value Management L.P. increased its holdings in Apollo Commercial Real Estate Finance by 2.8% in the fourth quarter. Palogic Value Management L.P. now owns 92,741 shares of the real estate investment trust’s stock worth $1,089,000 after purchasing an additional 2,569 shares in the last quarter. HighPoint Advisor Group LLC acquired a new stake in shares of Apollo Commercial Real Estate Finance during the 4th quarter worth approximately $132,000. Future Financial Wealth Managment LLC bought a new stake in shares of Apollo Commercial Real Estate Finance in the 1st quarter valued at $56,000. Cascade Wealth Advisors Inc acquired a new position in shares of Apollo Commercial Real Estate Finance during the 1st quarter valued at $134,000. Finally, Van ECK Associates Corp boosted its stake in Apollo Commercial Real Estate Finance by 2.7% during the first quarter. Van ECK Associates Corp now owns 783,036 shares of the real estate investment trust’s stock worth $8,723,000 after acquiring an additional 20,957 shares in the last quarter. 54.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. BTIG Research assumed coverage on shares of Apollo Commercial Real Estate Finance in a report on Friday, July 19th. They issued a “neutral” rating for the company. JPMorgan Chase & Co. raised their target price on Apollo Commercial Real Estate Finance from $9.50 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday, July 16th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $10.25.

Insider Buying and Selling

In related news, Director Scott Prince sold 4,935 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $10.12, for a total value of $49,942.20. Following the transaction, the director now owns 81,154 shares of the company’s stock, valued at approximately $821,278.48. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.68% of the stock is currently owned by company insiders.

Apollo Commercial Real Estate Finance Stock Performance

Shares of ARI stock opened at $8.75 on Wednesday. The company has a current ratio of 54.21, a quick ratio of 54.21 and a debt-to-equity ratio of 0.63. The firm has a fifty day simple moving average of $9.93 and a two-hundred day simple moving average of $10.22. Apollo Commercial Real Estate Finance, Inc. has a 12 month low of $8.67 and a 12 month high of $12.74. The firm has a market capitalization of $1.24 billion, a PE ratio of -11.22, a price-to-earnings-growth ratio of 2.15 and a beta of 1.75.

Apollo Commercial Real Estate Finance Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 11.43%. The ex-dividend date of this dividend is Monday, September 30th. Apollo Commercial Real Estate Finance’s payout ratio is presently -128.21%.

About Apollo Commercial Real Estate Finance

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.