CWM Advisors LLC Sells 10,334 Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

CWM Advisors LLC trimmed its position in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 33.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,480 shares of the real estate investment trust’s stock after selling 10,334 shares during the period. CWM Advisors LLC’s holdings in Apollo Commercial Real Estate Finance were worth $286,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Claraphi Advisory Network LLC boosted its holdings in Apollo Commercial Real Estate Finance by 17.6% during the first quarter. Claraphi Advisory Network LLC now owns 25,175 shares of the real estate investment trust’s stock valued at $352,000 after acquiring an additional 3,766 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Apollo Commercial Real Estate Finance by 70.7% during the first quarter. Nisa Investment Advisors LLC now owns 160,010 shares of the real estate investment trust’s stock valued at $2,235,000 after buying an additional 66,255 shares during the last quarter. GWM Advisors LLC acquired a new position in shares of Apollo Commercial Real Estate Finance during the first quarter valued at about $192,000. H&H Retirement Design & Management INC acquired a new position in shares of Apollo Commercial Real Estate Finance during the first quarter valued at about $421,000. Finally, Taylor Frigon Capital Management LLC raised its position in shares of Apollo Commercial Real Estate Finance by 2.3% during the first quarter. Taylor Frigon Capital Management LLC now owns 67,856 shares of the real estate investment trust’s stock valued at $948,000 after buying an additional 1,531 shares during the last quarter. Institutional investors own 63.71% of the company’s stock.

In other Apollo Commercial Real Estate Finance news, Director Mark C. Biderman sold 7,050 shares of the firm’s stock in a transaction that occurred on Monday, April 26th. The shares were sold at an average price of $14.96, for a total value of $105,468.00. Following the transaction, the director now directly owns 68,601 shares of the company’s stock, valued at $1,026,270.96. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert A. Kasdin sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 13th. The shares were sold at an average price of $14.75, for a total transaction of $221,250.00. Following the completion of the transaction, the director now directly owns 67,855 shares in the company, valued at $1,000,861.25. The disclosure for this sale can be found here. 0.46% of the stock is currently owned by company insiders.

Several research analysts recently issued reports on the stock. Credit Suisse Group increased their price target on shares of Apollo Commercial Real Estate Finance from $13.00 to $15.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 23rd. Raymond James reissued a “hold” rating on shares of Apollo Commercial Real Estate Finance in a research report on Monday, April 26th. Zacks Investment Research raised shares of Apollo Commercial Real Estate Finance from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Thursday, April 29th. Finally, BTIG Research began coverage on shares of Apollo Commercial Real Estate Finance in a report on Tuesday, February 2nd. They set a “neutral” rating for the company.

ARI opened at $15.20 on Friday. Apollo Commercial Real Estate Finance, Inc. has a one year low of $6.77 and a one year high of $15.54. The company has a debt-to-equity ratio of 0.45, a current ratio of 65.75 and a quick ratio of 65.75. The company’s 50 day simple moving average is $14.76 and its 200-day simple moving average is $12.52. The stock has a market capitalization of $2.13 billion, a P/E ratio of 66.09 and a beta of 1.28.

Apollo Commercial Real Estate Finance (NYSE:ARI) last released its quarterly earnings results on Tuesday, February 9th. The real estate investment trust reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.04. Apollo Commercial Real Estate Finance had a net margin of 18.14% and a return on equity of 9.64%. As a group, analysts anticipate that Apollo Commercial Real Estate Finance, Inc. will post 0.92 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 15th. Shareholders of record on Wednesday, March 31st were paid a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, March 30th. This represents a $1.40 dividend on an annualized basis and a yield of 9.21%. Apollo Commercial Real Estate Finance’s payout ratio is presently 79.10%.

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. It is qualified as a REIT under the Internal Revenue Code.

Read More: Options Trading – Understanding Strike Price

Institutional Ownership by Quarter for Apollo Commercial Real Estate Finance (NYSE:ARI)

Receive News & Ratings for Apollo Commercial Real Estate Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apollo Commercial Real Estate Finance and related companies with MarketBeat.com's FREE daily email newsletter.