MAS Advisors LLC Has $402,000 Holdings in Apollo Commercial Real Estate Finance $ARI

MAS Advisors LLC raised its stake in shares of Apollo Commercial Real Estate Finance (NYSE:ARI) by 3.6% in the 2nd quarter, Holdings Channel reports. The firm owned 41,516 shares of the real estate investment trust’s stock after purchasing an additional 1,455 shares during the quarter. MAS Advisors LLC’s holdings in Apollo Commercial Real Estate Finance were worth $402,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ARI. Kingstone Capital Partners Texas LLC acquired a new stake in Apollo Commercial Real Estate Finance during the 2nd quarter valued at approximately $271,921,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Apollo Commercial Real Estate Finance by 89.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,855,116 shares of the real estate investment trust’s stock valued at $17,753,000 after purchasing an additional 877,675 shares in the last quarter. Nuveen LLC acquired a new stake in Apollo Commercial Real Estate Finance during the first quarter worth approximately $7,813,000. Cura Wealth Advisors LLC increased its holdings in Apollo Commercial Real Estate Finance by 23.0% in the first quarter. Cura Wealth Advisors LLC now owns 847,300 shares of the real estate investment trust’s stock worth $8,109,000 after purchasing an additional 158,200 shares in the last quarter. Finally, Caxton Associates LLP acquired a new position in Apollo Commercial Real Estate Finance in the first quarter valued at approximately $1,183,000. Institutional investors and hedge funds own 54.43% of the company’s stock.

Insiders Place Their Bets

In other Apollo Commercial Real Estate Finance news, CEO Stuart Rothstein sold 52,073 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $10.78, for a total value of $561,346.94. Following the completion of the transaction, the chief executive officer owned 281,781 shares in the company, valued at approximately $3,037,599.18. This represents a 15.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.68% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ARI. UBS Group lifted their price objective on shares of Apollo Commercial Real Estate Finance from $10.00 to $10.50 and gave the company a “neutral” rating in a research note on Tuesday, July 15th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Apollo Commercial Real Estate Finance in a research note on Saturday, September 27th. Keefe, Bruyette & Woods increased their price objective on shares of Apollo Commercial Real Estate Finance from $10.50 to $10.75 and gave the stock an “outperform” rating in a research report on Thursday, July 10th. Finally, Zacks Research downgraded Apollo Commercial Real Estate Finance from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 16th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $10.31.

Apollo Commercial Real Estate Finance Trading Up 0.4%

NYSE:ARI opened at $10.27 on Monday. The company has a 50-day moving average price of $10.32 and a 200-day moving average price of $9.79. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of -73.38, a P/E/G ratio of 0.30 and a beta of 1.60. The company has a current ratio of 98.25, a quick ratio of 98.25 and a debt-to-equity ratio of 0.66. Apollo Commercial Real Estate Finance has a 12 month low of $7.70 and a 12 month high of $11.11.

Apollo Commercial Real Estate Finance Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.7%. The ex-dividend date is Tuesday, September 30th. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is presently -714.29%.

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.