Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its stake in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 7.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 208,117 shares of the real estate investment trust’s stock after selling 17,006 shares during the quarter. Victory Capital Management Inc. owned approximately 0.15% of Apollo Commercial Real Estate Finance worth $1,913,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Triad Wealth Partners LLC acquired a new position in shares of Apollo Commercial Real Estate Finance in the 2nd quarter worth approximately $43,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Apollo Commercial Real Estate Finance in the third quarter worth about $44,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Apollo Commercial Real Estate Finance in the second quarter worth $59,000. Quest Partners LLC increased its stake in shares of Apollo Commercial Real Estate Finance by 7,689.4% in the second quarter. Quest Partners LLC now owns 9,581 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 9,458 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in shares of Apollo Commercial Real Estate Finance in the third quarter worth $1,130,000. Institutional investors own 54.43% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on ARI. UBS Group cut their target price on Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a “neutral” rating for the company in a research note on Friday, November 15th. StockNews.com cut Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a report on Monday, November 4th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating for the company in a research report on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $9.63.

Apollo Commercial Real Estate Finance Trading Down 0.1 %

Apollo Commercial Real Estate Finance stock opened at $9.19 on Monday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 46.13 and a current ratio of 46.13. The stock has a 50-day simple moving average of $9.07 and a 200 day simple moving average of $9.82. Apollo Commercial Real Estate Finance, Inc. has a 52 week low of $8.52 and a 52 week high of $12.74. The stock has a market capitalization of $1.27 billion, a P/E ratio of -9.99 and a beta of 1.75.

Apollo Commercial Real Estate Finance Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 10.88%. The ex-dividend date was Monday, September 30th. Apollo Commercial Real Estate Finance’s payout ratio is -108.70%.

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.