Naples Money Management LLC Makes New Investment in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Naples Money Management LLC bought a new position in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,436 shares of the real estate investment trust’s stock, valued at approximately $64,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Mackenzie Financial Corp lifted its holdings in Apollo Commercial Real Estate Finance by 6.1% during the 1st quarter. Mackenzie Financial Corp now owns 15,016 shares of the real estate investment trust’s stock worth $209,000 after buying an additional 857 shares in the last quarter. Captrust Financial Advisors raised its holdings in shares of Apollo Commercial Real Estate Finance by 6.0% in the 3rd quarter. Captrust Financial Advisors now owns 15,230 shares of the real estate investment trust’s stock valued at $126,000 after purchasing an additional 861 shares in the last quarter. Metropolitan Life Insurance Co NY raised its holdings in shares of Apollo Commercial Real Estate Finance by 11.7% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 8,666 shares of the real estate investment trust’s stock valued at $93,000 after purchasing an additional 907 shares in the last quarter. US Bancorp DE raised its holdings in shares of Apollo Commercial Real Estate Finance by 84.8% in the 2nd quarter. US Bancorp DE now owns 2,230 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 1,023 shares in the last quarter. Finally, NFJ Investment Group LLC raised its holdings in shares of Apollo Commercial Real Estate Finance by 0.3% in the 4th quarter. NFJ Investment Group LLC now owns 314,951 shares of the real estate investment trust’s stock valued at $3,389,000 after purchasing an additional 1,049 shares in the last quarter. 54.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Apollo Commercial Real Estate Finance

In related news, CEO Stuart Rothstein sold 40,000 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $10.60, for a total value of $424,000.00. Following the transaction, the chief executive officer now directly owns 415,292 shares of the company’s stock, valued at approximately $4,402,095.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.61% of the company’s stock.

Apollo Commercial Real Estate Finance Stock Up 1.9 %

Shares of NYSE ARI traded up $0.20 during mid-day trading on Friday, reaching $10.72. The company had a trading volume of 547,872 shares, compared to its average volume of 791,762. The company has a current ratio of 67.74, a quick ratio of 67.73 and a debt-to-equity ratio of 0.57. The firm has a 50 day simple moving average of $10.95 and a two-hundred day simple moving average of $10.96. The stock has a market cap of $1.52 billion, a P/E ratio of 35.73 and a beta of 1.67. Apollo Commercial Real Estate Finance, Inc. has a 52-week low of $9.13 and a 52-week high of $12.74.

Apollo Commercial Real Estate Finance Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 13.06%. The ex-dividend date was Wednesday, March 27th. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is 466.67%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ARI. JPMorgan Chase & Co. reduced their price objective on shares of Apollo Commercial Real Estate Finance from $11.00 to $10.50 and set a “neutral” rating on the stock in a report on Wednesday, April 10th. Bank of America lowered shares of Apollo Commercial Real Estate Finance from a “neutral” rating to an “underperform” rating and set a $10.50 price objective on the stock. in a report on Monday, March 4th. Finally, TheStreet upgraded shares of Apollo Commercial Real Estate Finance from a “d+” rating to a “c-” rating in a report on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Based on data from MarketBeat, Apollo Commercial Real Estate Finance presently has an average rating of “Hold” and an average price target of $10.50.

Apollo Commercial Real Estate Finance 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.