Comerica Bank lessened its position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI – Get Rating) by 11.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 99,276 shares of the real estate investment trust’s stock after selling 12,590 shares during the period. Comerica Bank owned approximately 0.07% of Apollo Commercial Real Estate Finance worth $946,000 at the end of the most recent reporting period.
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Other large investors have also recently bought and sold shares of the company. Renaissance Technologies LLC boosted its holdings in shares of Apollo Commercial Real Estate Finance by 983.3% in the first quarter. Renaissance Technologies LLC now owns 604,940 shares of the real estate investment trust’s stock worth $8,427,000 after buying an additional 549,100 shares during the period. Invesco Ltd. boosted its stake in Apollo Commercial Real Estate Finance by 24.6% during the first quarter. Invesco Ltd. now owns 2,715,545 shares of the real estate investment trust’s stock worth $37,827,000 after buying an additional 536,101 shares in the last quarter. First Trust Advisors LP boosted its stake in Apollo Commercial Real Estate Finance by 214.9% during the first quarter. First Trust Advisors LP now owns 774,727 shares of the real estate investment trust’s stock worth $10,792,000 after buying an additional 528,692 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Apollo Commercial Real Estate Finance by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 15,046,199 shares of the real estate investment trust’s stock valued at $209,594,000 after purchasing an additional 435,919 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Apollo Commercial Real Estate Finance by 78.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 922,408 shares of the real estate investment trust’s stock valued at $12,849,000 after purchasing an additional 406,841 shares in the last quarter. Institutional investors and hedge funds own 54.57% of the company’s stock.
Analysts Set New Price Targets
Several research analysts recently issued reports on the stock. Bank of America reiterated a “neutral” rating and set a $12.00 price target on shares of Apollo Commercial Real Estate Finance in a research report on Monday, November 21st. StockNews.com started coverage on Apollo Commercial Real Estate Finance in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Bank Of America (Bofa) initiated coverage on Apollo Commercial Real Estate Finance in a research note on Tuesday, November 22nd. They set a “neutral” rating and a $12.00 target price for the company. JPMorgan Chase & Co. reduced their price target on Apollo Commercial Real Estate Finance from $11.00 to $9.50 and set an “underweight” rating for the company in a research report on Monday, October 24th. Finally, Credit Suisse Group cut their price objective on Apollo Commercial Real Estate Finance to $11.00 in a report on Thursday, October 13th.
Insider Activity at Apollo Commercial Real Estate Finance
In other Apollo Commercial Real Estate Finance news, CEO Stuart Rothstein bought 15,000 shares of the firm’s stock in a transaction on Monday, November 7th. The shares were acquired at an average cost of $11.18 per share, for a total transaction of $167,700.00. Following the purchase, the chief executive officer now directly owns 452,676 shares of the company’s stock, valued at $5,060,917.68. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.73% of the stock is currently owned by corporate insiders.
Apollo Commercial Real Estate Finance Trading Down 0.3 %
NYSE ARI opened at $11.77 on Thursday. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 6.26 and a beta of 1.55. The company has a quick ratio of 22.02, a current ratio of 22.02 and a debt-to-equity ratio of 0.62. Apollo Commercial Real Estate Finance, Inc. has a 52 week low of $7.91 and a 52 week high of $14.55. The business has a 50 day moving average price of $11.54 and a 200-day moving average price of $11.26.
Apollo Commercial Real Estate Finance Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 13th. Investors of record on Friday, December 30th were paid a dividend of $0.35 per share. The ex-dividend date was Thursday, December 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 11.89%. Apollo Commercial Real Estate Finance’s payout ratio is 74.47%.
Apollo Commercial Real Estate Finance Company Profile
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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. It is qualified as a REIT under the Internal Revenue Code.
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