Y Intercept Hong Kong Ltd lifted its stake in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI - Free Report) by 619.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 87,163 shares of the real estate investment trust's stock after acquiring an additional 75,046 shares during the quarter. Y Intercept Hong Kong Ltd owned 0.06% of Apollo Commercial Real Estate Finance worth $801,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also modified their holdings of ARI. AQR Capital Management LLC increased its holdings in Apollo Commercial Real Estate Finance by 1.8% during the 2nd quarter. AQR Capital Management LLC now owns 59,621 shares of the real estate investment trust's stock worth $584,000 after purchasing an additional 1,039 shares during the period. Louisiana State Employees Retirement System grew its position in shares of Apollo Commercial Real Estate Finance by 1.7% during the second quarter. Louisiana State Employees Retirement System now owns 65,800 shares of the real estate investment trust's stock worth $644,000 after buying an additional 1,100 shares in the last quarter. PFG Investments LLC increased its stake in shares of Apollo Commercial Real Estate Finance by 2.9% during the third quarter. PFG Investments LLC now owns 48,584 shares of the real estate investment trust's stock worth $446,000 after buying an additional 1,352 shares during the period. QRG Capital Management Inc. raised its holdings in Apollo Commercial Real Estate Finance by 2.2% in the third quarter. QRG Capital Management Inc. now owns 67,502 shares of the real estate investment trust's stock valued at $620,000 after acquiring an additional 1,456 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Apollo Commercial Real Estate Finance by 3.0% in the second quarter. The Manufacturers Life Insurance Company now owns 70,256 shares of the real estate investment trust's stock worth $688,000 after acquiring an additional 2,037 shares during the last quarter. 54.43% of the stock is currently owned by institutional investors and hedge funds.
Apollo Commercial Real Estate Finance Stock Performance
Shares of ARI traded down $0.09 during midday trading on Friday, reaching $9.16. 1,196,560 shares of the stock were exchanged, compared to its average volume of 959,064. Apollo Commercial Real Estate Finance, Inc. has a twelve month low of $8.52 and a twelve month high of $12.74. The company has a debt-to-equity ratio of 0.67, a current ratio of 46.13 and a quick ratio of 46.13. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of -9.96 and a beta of 1.75. The business's 50-day moving average price is $9.02 and its 200 day moving average price is $9.72.
Apollo Commercial Real Estate Finance Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 10.92%. The ex-dividend date is Tuesday, December 31st. Apollo Commercial Real Estate Finance's payout ratio is currently -108.70%.
Wall Street Analysts Forecast Growth
ARI has been the topic of a number of analyst reports. StockNews.com lowered shares of Apollo Commercial Real Estate Finance from a "hold" rating to a "sell" rating in a report on Monday, November 4th. JPMorgan Chase & Co. lowered their price target on Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a "neutral" rating for the company in a report on Thursday, October 17th. Finally, UBS Group cut their price objective on shares of Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a "neutral" rating on the stock in a report on Friday, November 15th. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat.com, Apollo Commercial Real Estate Finance has an average rating of "Hold" and a consensus price target of $9.63.
Read Our Latest Research Report on ARI
About Apollo Commercial Real Estate Finance
(
Free Report)
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.
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