Jane Street Group LLC Has $2.78 Million Stake in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Jane Street Group LLC increased its stake in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI - Free Report) by 139.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 302,388 shares of the real estate investment trust's stock after buying an additional 176,101 shares during the quarter. Jane Street Group LLC owned approximately 0.22% of Apollo Commercial Real Estate Finance worth $2,779,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ARI. Wealth Enhancement Advisory Services LLC lifted its holdings in Apollo Commercial Real Estate Finance by 31.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 28,876 shares of the real estate investment trust's stock valued at $283,000 after purchasing an additional 6,866 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in Apollo Commercial Real Estate Finance by 1.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 65,800 shares of the real estate investment trust's stock valued at $644,000 after acquiring an additional 1,100 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Apollo Commercial Real Estate Finance by 1.9% during the second quarter. Bank of New York Mellon Corp now owns 1,074,796 shares of the real estate investment trust's stock worth $10,522,000 after purchasing an additional 19,611 shares during the period. AM Investment Strategies LLC lifted its holdings in shares of Apollo Commercial Real Estate Finance by 42.9% during the 2nd quarter. AM Investment Strategies LLC now owns 89,994 shares of the real estate investment trust's stock worth $881,000 after acquiring an additional 27,038 shares during the period. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of Apollo Commercial Real Estate Finance by 8.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 60,500 shares of the real estate investment trust's stock valued at $592,000 after purchasing an additional 4,714 shares in the last quarter. 54.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the company. UBS Group lowered their target price on Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a "neutral" rating for the company in a research note on Friday, November 15th. JPMorgan Chase & Co. lowered their price objective on shares of Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a "neutral" rating for the company in a research report on Thursday, October 17th. Finally, StockNews.com lowered shares of Apollo Commercial Real Estate Finance from a "hold" rating to a "sell" rating in a research report on Monday, November 4th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $9.63.

Apollo Commercial Real Estate Finance Trading Up 3.0 %

Shares of Apollo Commercial Real Estate Finance stock traded up $0.26 on Friday, hitting $9.04. The stock had a trading volume of 6,569,678 shares, compared to its average volume of 997,245. The stock has a 50 day moving average of $9.05 and a 200 day moving average of $9.68. The firm has a market capitalization of $1.25 billion, a P/E ratio of -9.83 and a beta of 1.75. 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 quick ratio of 46.13 and a current ratio of 46.13.

Apollo Commercial Real Estate Finance Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 11.06%. The ex-dividend date is Tuesday, December 31st. Apollo Commercial Real Estate Finance's payout ratio is currently -108.70%.

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.