Barclays PLC raised its position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI - Free Report) by 65.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 329,462 shares of the real estate investment trust's stock after buying an additional 130,892 shares during the period. Barclays PLC owned about 0.24% of Apollo Commercial Real Estate Finance worth $3,028,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. Jane Street Group LLC lifted its stake in Apollo Commercial Real Estate Finance by 139.4% in the 3rd quarter. Jane Street Group LLC now owns 302,388 shares of the real estate investment trust's stock worth $2,779,000 after purchasing an additional 176,101 shares in the last quarter. Advisors Asset Management Inc. lifted its position in Apollo Commercial Real Estate Finance by 72.0% during the third quarter. Advisors Asset Management Inc. now owns 468,335 shares of the real estate investment trust's stock worth $4,304,000 after buying an additional 196,122 shares in the last quarter. Van ECK Associates Corp lifted its position in Apollo Commercial Real Estate Finance by 32.1% during the second quarter. Van ECK Associates Corp now owns 1,034,316 shares of the real estate investment trust's stock worth $10,126,000 after buying an additional 251,280 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Apollo Commercial Real Estate Finance by 36.1% during the second quarter. Victory Capital Management Inc. now owns 225,123 shares of the real estate investment trust's stock worth $2,204,000 after buying an additional 59,764 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in Apollo Commercial Real Estate Finance by 8.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 281,902 shares of the real estate investment trust's stock valued at $2,760,000 after buying an additional 20,801 shares in the last quarter. 54.43% of the stock is currently owned by hedge funds and other institutional investors.
Apollo Commercial Real Estate Finance Stock Up 1.2 %
Shares of ARI traded up $0.11 during midday trading on Tuesday, hitting $9.09. The company had a trading volume of 460,694 shares, compared to its average volume of 997,077. Apollo Commercial Real Estate Finance, Inc. has a 1 year low of $8.52 and a 1 year high of $12.74. The firm has a market capitalization of $1.26 billion, a P/E ratio of -9.88 and a beta of 1.75. The company has a debt-to-equity ratio of 0.67, a quick ratio of 46.13 and a current ratio of 46.13. The company's 50-day simple moving average is $9.05 and its 200-day simple moving average is $9.67.
Apollo Commercial Real Estate Finance Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 11.00%. Apollo Commercial Real Estate Finance's dividend payout ratio is currently -108.70%.
Analysts Set New Price Targets
Several research analysts have recently commented on ARI shares. StockNews.com lowered Apollo Commercial Real Estate Finance from a "hold" rating to a "sell" rating in a report on Monday, November 4th. UBS Group decreased their target price 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. Finally, JPMorgan Chase & Co. cut their price target on shares of 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. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company's stock. According to data from MarketBeat.com, Apollo Commercial Real Estate Finance has an average rating of "Hold" and an average price target of $9.63.
Check Out 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.
See Also
Before you consider Apollo Commercial Real Estate Finance, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Apollo Commercial Real Estate Finance wasn't on the list.
While Apollo Commercial Real Estate Finance currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
