AlphaQuest LLC Sells 90,608 Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

AlphaQuest LLC cut its stake in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI - Free Report) by 89.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,033 shares of the real estate investment trust's stock after selling 90,608 shares during the quarter. AlphaQuest LLC's holdings in Apollo Commercial Real Estate Finance were worth $96,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its holdings in Apollo Commercial Real Estate Finance by 327.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,045 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 2,332 shares in the last quarter. KBC Group NV raised its holdings in Apollo Commercial Real Estate Finance by 57.7% in the 3rd quarter. KBC Group NV now owns 7,002 shares of the real estate investment trust's stock worth $64,000 after purchasing an additional 2,562 shares in the last quarter. SG Americas Securities LLC bought a new position in Apollo Commercial Real Estate Finance in the 4th quarter worth $93,000. CIBC Asset Management Inc bought a new position in Apollo Commercial Real Estate Finance in the 4th quarter worth $112,000. Finally, EMC Capital Management raised its holdings in Apollo Commercial Real Estate Finance by 272.1% in the 4th quarter. EMC Capital Management now owns 14,089 shares of the real estate investment trust's stock worth $122,000 after purchasing an additional 10,303 shares in the last quarter. 54.43% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

ARI has been the subject of several research reports. UBS Group upped their price objective on shares of Apollo Commercial Real Estate Finance from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Tuesday, February 25th. Keefe, Bruyette & Woods reduced their target price on shares of Apollo Commercial Real Estate Finance from $9.00 to $8.75 and set a "market perform" rating on the stock in a research report on Tuesday, January 14th. Finally, StockNews.com raised shares of Apollo Commercial Real Estate Finance from a "sell" rating to a "hold" rating in a research report on Saturday, February 15th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $9.08.

Apollo Commercial Real Estate Finance Stock Down 1.6 %

Shares of NYSE:ARI traded down $0.16 during midday trading on Friday, reaching $9.83. The company's stock had a trading volume of 2,748,859 shares, compared to its average volume of 1,003,668. The firm has a 50 day moving average of $9.55 and a 200-day moving average of $9.29. The firm has a market capitalization of $1.36 billion, a P/E ratio of -10.34 and a beta of 1.74. The company has a quick ratio of 51.19, a current ratio of 51.19 and a debt-to-equity ratio of 0.67. Apollo Commercial Real Estate Finance, Inc. has a 12-month low of $8.44 and a 12-month high of $11.62.

Apollo Commercial Real Estate Finance (NYSE:ARI - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.23 by $0.07. Apollo Commercial Real Estate Finance had a negative net margin of 39.40% and a positive return on equity of 9.37%. On average, research analysts anticipate that Apollo Commercial Real Estate Finance, Inc. will post 0.63 earnings per share for the current year.

Apollo Commercial Real Estate Finance Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.00 annualized dividend and a yield of 10.18%. Apollo Commercial Real Estate Finance's dividend payout ratio (DPR) is presently -105.26%.

Insider Buying and Selling at Apollo Commercial Real Estate Finance

In other Apollo Commercial Real Estate Finance news, Director Carmencita N.M. Whonder sold 11,000 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $9.96, for a total transaction of $109,560.00. Following the sale, the director now directly owns 9,624 shares in the company, valued at approximately $95,855.04. This trade represents a 53.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Stuart Rothstein sold 52,074 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $9.99, for a total value of $520,219.26. Following the sale, the chief executive officer now owns 385,928 shares in the company, valued at approximately $3,855,420.72. This represents a 11.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.68% of the company's stock.

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.