PFG Investments LLC Takes Position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

PFG Investments LLC bought a new position in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 45,682 shares of the real estate investment trust’s stock, valued at approximately $509,000.

Other institutional investors also recently bought and sold shares of the company. QRG Capital Management Inc. acquired a new stake in shares of Apollo Commercial Real Estate Finance during the third quarter worth about $765,000. Illinois Municipal Retirement Fund purchased a new position in Apollo Commercial Real Estate Finance in the 3rd quarter valued at approximately $793,000. Charles Schwab Investment Management Inc. grew its stake in shares of Apollo Commercial Real Estate Finance by 5.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,841,722 shares of the real estate investment trust’s stock worth $18,657,000 after acquiring an additional 98,053 shares in the last quarter. Barclays PLC increased its position in shares of Apollo Commercial Real Estate Finance by 56.4% during the third quarter. Barclays PLC now owns 136,190 shares of the real estate investment trust’s stock worth $1,380,000 after acquiring an additional 49,124 shares during the period. Finally, Alps Advisors Inc. purchased a new stake in shares of Apollo Commercial Real Estate Finance during the third quarter worth $366,000. 54.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Stuart Rothstein sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $10.60, for a total transaction of $424,000.00. Following the completion of the sale, the chief executive officer now owns 415,292 shares in the company, valued at $4,402,095.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

ARI has been the subject of several analyst reports. Bank of America cut Apollo Commercial Real Estate Finance from a “neutral” rating to an “underperform” rating and set a $10.50 target price for the company. in a research note on Monday, March 4th. JPMorgan Chase & Co. lowered their price objective on Apollo Commercial Real Estate Finance from $11.00 to $10.50 and set a “neutral” rating for the company in a research report on Wednesday, April 10th. Finally, TheStreet upgraded shares of Apollo Commercial Real Estate Finance from a “d+” rating to a “c-” rating in a research note on Wednesday, March 20th. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $10.50.

Apollo Commercial Real Estate Finance Stock Down 1.1 %

Shares of ARI stock traded down $0.12 on Monday, reaching $10.68. 599,654 shares of the stock were exchanged, compared to its average volume of 772,093. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 35.60 and a beta of 1.67. The business’s 50 day moving average price is $10.94 and its 200 day moving average price is $11.01. The company has a current ratio of 67.74, a quick ratio of 67.73 and a debt-to-equity ratio of 0.57. Apollo Commercial Real Estate Finance, Inc. has a twelve month low of $9.22 and a twelve month high of $12.74.

Apollo Commercial Real Estate Finance Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.40 annualized dividend and a dividend yield of 13.11%. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently 466.67%.

Apollo Commercial Real Estate Finance Company 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.