Keybank National Association OH Takes $103,000 Position in Apollo Commercial Real Estate Finance $ARI

Keybank National Association OH bought a new position in shares of Apollo Commercial Real Estate Finance (NYSE:ARI) in the 2nd quarter, Holdings Channel.com reports. The firm bought 10,669 shares of the real estate investment trust’s stock, valued at approximately $103,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. CWM LLC boosted its stake in Apollo Commercial Real Estate Finance by 39.2% in the 1st quarter. CWM LLC now owns 3,858 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 1,087 shares during the period. Signaturefd LLC boosted its position in shares of Apollo Commercial Real Estate Finance by 55.6% during the second quarter. Signaturefd LLC now owns 4,059 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 1,451 shares during the last quarter. McElhenny Sheffield Capital Management LLC purchased a new position in Apollo Commercial Real Estate Finance during the second quarter valued at $41,000. Smartleaf Asset Management LLC increased its holdings in Apollo Commercial Real Estate Finance by 94.1% in the 1st quarter. Smartleaf Asset Management LLC now owns 5,909 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 2,864 shares during the last quarter. Finally, Accuvest Global Advisors bought a new stake in Apollo Commercial Real Estate Finance in the 1st quarter valued at $107,000. Institutional investors own 54.43% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Zacks Research lowered Apollo Commercial Real Estate Finance from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. UBS Group raised their price target on Apollo Commercial Real Estate Finance from $10.00 to $10.50 and gave the company a “neutral” rating in a report on Tuesday, July 15th. Keefe, Bruyette & Woods upped their price objective on Apollo Commercial Real Estate Finance from $10.75 to $11.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. JPMorgan Chase & Co. raised their target price on shares of Apollo Commercial Real Estate Finance from $10.50 to $11.00 and gave the company an “overweight” rating in a report on Monday. Finally, Weiss Ratings cut shares of Apollo Commercial Real Estate Finance from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 24th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Apollo Commercial Real Estate Finance currently has a consensus rating of “Hold” and an average target price of $10.88.

Insiders Place Their Bets

In other news, CEO Stuart Rothstein sold 52,073 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $10.78, for a total value of $561,346.94. Following the sale, the chief executive officer owned 281,781 shares of the company’s stock, valued at approximately $3,037,599.18. This represents a 15.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.68% of the stock is owned by company insiders.

Apollo Commercial Real Estate Finance Price Performance

NYSE:ARI opened at $9.79 on Friday. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 11.00, a PEG ratio of 0.57 and a beta of 1.60. The company has a debt-to-equity ratio of 0.66, a current ratio of 90.32 and a quick ratio of 90.32. The business has a 50 day simple moving average of $10.31 and a 200-day simple moving average of $9.97. Apollo Commercial Real Estate Finance has a 1 year low of $7.70 and a 1 year high of $11.11.

Apollo Commercial Real Estate Finance Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, September 30th. This represents a $1.00 dividend on an annualized basis and a yield of 10.2%. Apollo Commercial Real Estate Finance’s payout ratio is 112.36%.

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.