Handelsbanken Fonder AB Acquires 6,000 Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Handelsbanken Fonder AB boosted its stake in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 16.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 42,302 shares of the real estate investment trust’s stock after buying an additional 6,000 shares during the period. Handelsbanken Fonder AB’s holdings in Apollo Commercial Real Estate Finance were worth $366,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of ARI. Van ECK Associates Corp lifted its holdings in shares of Apollo Commercial Real Estate Finance by 12.1% in the fourth quarter. Van ECK Associates Corp now owns 1,063,511 shares of the real estate investment trust’s stock valued at $9,210,000 after purchasing an additional 115,109 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Apollo Commercial Real Estate Finance by 2.7% in the fourth quarter. Principal Financial Group Inc. now owns 617,114 shares of the real estate investment trust’s stock worth $5,344,000 after purchasing an additional 16,040 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in Apollo Commercial Real Estate Finance by 1.1% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 578,210 shares of the real estate investment trust’s stock worth $5,314,000 after purchasing an additional 6,200 shares during the last quarter. Advisors Asset Management Inc. grew its position in Apollo Commercial Real Estate Finance by 72.0% in the third quarter. Advisors Asset Management Inc. now owns 468,335 shares of the real estate investment trust’s stock valued at $4,304,000 after purchasing an additional 196,122 shares in the last quarter. Finally, Rhumbline Advisers grew its position in Apollo Commercial Real Estate Finance by 4.1% in the fourth quarter. Rhumbline Advisers now owns 426,873 shares of the real estate investment trust’s stock valued at $3,697,000 after purchasing an additional 16,908 shares in the last quarter. Institutional investors own 54.43% of the company’s stock.

Apollo Commercial Real Estate Finance Stock Down 1.3 %

Shares of NYSE ARI opened at $10.00 on Tuesday. The company has a market cap of $1.39 billion, a price-to-earnings ratio of -10.53 and a beta of 1.74. The company has a current ratio of 51.19, a quick ratio of 51.19 and a debt-to-equity ratio of 0.67. Apollo Commercial Real Estate Finance, Inc. has a 12 month low of $8.44 and a 12 month high of $11.64. The stock has a 50-day moving average price of $9.25 and a two-hundred day moving average price of $9.32.

Apollo Commercial Real Estate Finance (NYSE:ARI) last issued its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.30 EPS for the quarter, beating the consensus estimate of $0.23 by $0.07. Apollo Commercial Real Estate Finance had a negative net margin of 39.40% and a positive return on equity of 9.37%. As a group, analysts forecast that Apollo Commercial Real Estate Finance, Inc. will post 0.63 earnings per share for the current fiscal year.

Apollo Commercial Real Estate Finance Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a yield of 10.00%. Apollo Commercial Real Estate Finance’s payout ratio is presently -105.26%.

Analysts Set New Price Targets

ARI has been the topic of several analyst reports. UBS Group boosted their price target on shares of Apollo Commercial Real Estate Finance from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 25th. StockNews.com upgraded shares of Apollo Commercial Real Estate Finance from a “sell” rating to a “hold” rating in a report on Saturday, February 15th. Finally, Keefe, Bruyette & Woods cut their target price on shares of Apollo Commercial Real Estate Finance from $9.00 to $8.75 and set a “market perform” rating for the company in a research note on Tuesday, January 14th. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $9.44.

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.