Victory Capital Management Inc. Acquires 44,492 Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Victory Capital Management Inc. lifted its holdings in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI - Free Report) by 21.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 252,609 shares of the real estate investment trust's stock after buying an additional 44,492 shares during the period. Victory Capital Management Inc. owned about 0.18% of Apollo Commercial Real Estate Finance worth $2,188,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Jane Street Group LLC raised its holdings in shares of 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 valued at $2,779,000 after purchasing an additional 176,101 shares during the period. Barclays PLC raised its stake in Apollo Commercial Real Estate Finance by 65.9% in the third quarter. Barclays PLC now owns 329,462 shares of the real estate investment trust's stock valued at $3,028,000 after buying an additional 130,892 shares during the period. Advisors Asset Management Inc. lifted its position in shares of Apollo Commercial Real Estate Finance by 72.0% in the third quarter. Advisors Asset Management Inc. now owns 468,335 shares of the real estate investment trust's stock valued at $4,304,000 after buying an additional 196,122 shares during the last quarter. Atria Wealth Solutions Inc. boosted its stake in shares of Apollo Commercial Real Estate Finance by 168.7% during the 4th quarter. Atria Wealth Solutions Inc. now owns 73,992 shares of the real estate investment trust's stock worth $641,000 after acquiring an additional 46,458 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Apollo Commercial Real Estate Finance by 5.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,022,941 shares of the real estate investment trust's stock worth $8,859,000 after acquiring an additional 56,284 shares during the last quarter. Institutional investors own 54.43% of the company's stock.

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Apollo Commercial Real Estate Finance Stock Performance

Shares of ARI traded down $0.16 during midday trading on Friday, reaching $9.83. 977,160 shares of the stock were exchanged, compared to its average volume of 1,005,405. The stock's 50 day simple moving average is $9.52 and its 200 day simple moving average is $9.30. The company has a market cap of $1.36 billion, a P/E ratio of -10.34 and a beta of 1.74. Apollo Commercial Real Estate Finance, Inc. has a twelve month low of $8.44 and a twelve month high of $11.64. 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 (NYSE:ARI - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.30 earnings per share for the quarter, topping the consensus estimate 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, sell-side analysts expect that Apollo Commercial Real Estate Finance, Inc. will post 0.63 earnings per share for the current year.

Apollo Commercial Real Estate Finance Dividend Announcement

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

Insider Buying and Selling

In other news, CEO Stuart Rothstein sold 52,074 shares of the company's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $9.99, for a total transaction of $520,219.26. Following the completion of the sale, the chief executive officer now owns 385,928 shares of the company's stock, valued at approximately $3,855,420.72. This represents a 11.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Carmencita N.M. Whonder sold 11,000 shares of the stock in a transaction that occurred 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 owns 9,624 shares in the company, valued at $95,855.04. This represents a 53.34 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ARI has been the subject of several research reports. UBS Group raised their price target on Apollo Commercial Real Estate Finance from $9.00 to $10.00 and gave the company 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 for the company in a 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 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.

About Apollo Commercial Real Estate Finance

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.