The 13F filing that Cambridge Investment Research Advisors Inc. submitted to the Securities and Exchange Commission (SEC) revealed that the firm’s position in Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) was increased by 44.8% during the third quarter. The company increased its holdings in this investment vehicle during the time frame under consideration by purchasing an additional 13,682 shares of the real estate investment trust, bringing the total number of shares it holds in this investment vehicle up to 44,238 at present. The most recent disclosure that Cambridge Investment Research Advisors Inc. made with the SEC indicated that the value of the company’s holdings in Apollo Commercial Real Estate Finance was $367,000. Cambridge Investment Research Advisors Inc.
Additionally, institutional investors and other hedge funds have modified the stakes they currently hold in the company due to recent events. The ownership stake that CWM LLC holds in Apollo Commercial Real Estate Finance was increased by CWM LLC by a factor of 100.9% during the second quarter. CWM LLC now has a total of 2,475 shares of the real estate investment trust, which are worth a combined total of $26,000 after the company made an additional purchase of 1,243 shares during the period that came before this one. Newbridge Financial Services Group Inc. purchased a new investment in Apollo Commercial Real Estate Finance during the third quarter for approximately $42,000. Geneos Wealth Management Inc. increased the amount of Apollo Commercial Real Estate Finance stock held by 721.0% during the first three months of 2018. Geneos Wealth Management Inc. now has 4,310 real estate investment trust shares, collectively worth $60,000. These shares were acquired due to additional purchases that cost up to $3,785 over time. EMC Capital Management was successful during the second quarter in increasing the proportion of Apollo Commercial Real Estate Finance, which is owned by 51.2%. EMC Capital Management now has 6,140 shares of the real estate investment trust’s stock, which has a current value of $64,000, after purchasing an additional 2,080 shares during the period in question. Finally, but certainly not least, during the second quarter, Selective Wealth Management Inc. increased the percentage of Apollo Commercial Real Estate Finance that it owned by 53.5%. Selective Wealth Management Inc. now has 6,600 shares of the real estate investment trust thanks to purchasing an additional 2,300 shares over time. The current value of these shares is $69,000. Most of the company’s shares, or 54.57%, are owned by institutional investors and hedge funds.
The following is a list of additional information about Apollo Commercial Real Estate Finance that can be found: Stuart Rothstein, the Chief Executive Officer of the company, purchased 15,000 shares of the company’s stock on the previous Monday, November 7. The total amount paid for purchasing the shares was $167,700, which works out to an average price of $11.18 per share. The price was determined by multiplying the total amount paid by the number of shares purchased. Because of the acquisition, the chief executive officer now directly owns 452,676 company shares. These shares are estimated to be worth approximately $5,060,917.68. Follow the link, which will take you to a filing submitted to the Securities and Exchange Commission. You will have the opportunity to acquire additional information regarding the transaction. The amount of ownership currently held by company insiders is 0.73 percent of the total company.
On Friday morning, the price of an ARI share was $11.86 when trading got underway. Over the last 52 weeks, the price of Apollo Commercial Real Estate Finance, Inc. has ranged from $7.91 to $14.55 at its highest point. Currently, the debt-to-equity ratio stands at 0.62, the quick ratio sits at 22.02, and the current ratio to sits at 22.02 right now. The company’s moving average price over the previous 50 days is $11.54, and the moving average price over the previous 200 days is $11.19. The stock is trading at 1.55 times its beta value, has a market value of 1.67 billion dollars, and has a price-to-earnings ratio of 6.31.
In addition, the corporation has just announced a new quarterly dividend, which will be distributed on Friday, the 13th of this month. On December 30, the record date for dividend eligibility, shareholders who own shares will be eligible to receive dividend payments of $0.35 per share. December 29, which is a Thursday, is the date that will mark the beginning of the “ex-dividend” status for this dividend. This equates to an annual dividend payment of $1.40 and a yield of 11.8 percent for the investment. The current dividend payout ratio (DPR) maintained by Apollo Commercial Real Estate Finance is 74.47%.
Recently, brokerage firms have been devoting significantly more attention to ARI than they did in the past. JPMorgan Chase & Co. decreased their price objective on Apollo Commercial Real Estate Finance shares from $11.00 to $9.50 and rated the stock as “underweight” in a research note published on Monday, October 24. Following the release of a research report on Apollo Commercial Real Estate Finance on October 12 by StockNews.com, the website began providing coverage for company shares. They advised their clients to “hold” the stock moving forward. Bank of America (BofA) announced that it has begun providing coverage for shares of Apollo Commercial Real Estate Finance in a research note that was made public on November 22. The note was made available to the general public. They gave the company a ” neutral ” rating and determined that a price target of $12.00 was appropriate for the business. Bank of America reaffirmed a “neutral” rating on Apollo Commercial Real Estate Finance shares in a research note published on Monday, November 21. The firm also set a price objective of $12.00 on the company’s stock at the time of the release of the research note. Credit Suisse Group lowered their price objective on Apollo Commercial Real Estate Finance shares to $11.00 in a research report published on Thursday, October 13. This is a surprise, considering that the company had previously determined that the price target should be $13.