Bank of New York Mellon Corp Purchases 56,284 Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Bank of New York Mellon Corp increased its stake in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI - Free Report) by 5.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,022,941 shares of the real estate investment trust's stock after buying an additional 56,284 shares during the period. Bank of New York Mellon Corp owned 0.74% of Apollo Commercial Real Estate Finance worth $8,859,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ARI. Handelsbanken Fonder AB lifted its position in Apollo Commercial Real Estate Finance by 16.5% during the 4th quarter. Handelsbanken Fonder AB now owns 42,302 shares of the real estate investment trust's stock valued at $366,000 after purchasing an additional 6,000 shares during the period. Atria Wealth Solutions Inc. lifted its position in 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 valued at $641,000 after purchasing an additional 46,458 shares during the period. CIBC Asset Management Inc acquired a new position in Apollo Commercial Real Estate Finance during the 4th quarter valued at about $112,000. Principal Financial Group Inc. lifted its position in Apollo Commercial Real Estate Finance by 2.7% during the 4th quarter. Principal Financial Group Inc. now owns 617,114 shares of the real estate investment trust's stock valued at $5,344,000 after purchasing an additional 16,040 shares during the period. Finally, Rhumbline Advisers increased its stake in shares of Apollo Commercial Real Estate Finance by 4.1% in the 4th quarter. Rhumbline Advisers now owns 426,873 shares of the real estate investment trust's stock valued at $3,697,000 after acquiring an additional 16,908 shares during the last quarter. Institutional investors and hedge funds own 54.43% of the company's stock.

Remove Ads

Apollo Commercial Real Estate Finance Stock Down 0.2 %

Shares of NYSE ARI traded down $0.02 during trading hours on Tuesday, hitting $9.96. The company had a trading volume of 931,479 shares, compared to its average volume of 970,874. The stock has a market capitalization of $1.38 billion, a P/E ratio of -10.48 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 1-year low of $8.44 and a 1-year high of $11.64. The firm's 50 day moving average is $9.45 and its 200-day moving average is $9.29.

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 EPS for the quarter, beating the consensus estimate of $0.23 by $0.07. Apollo Commercial Real Estate Finance had a positive return on equity of 9.37% and a negative net margin of 39.40%. On average, analysts expect that Apollo Commercial Real Estate Finance, Inc. will post 0.63 earnings per share for the current fiscal year.

Apollo Commercial Real Estate Finance Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 10.05%. The ex-dividend date of this dividend is Monday, March 31st. Apollo Commercial Real Estate Finance's dividend payout ratio is -105.26%.

Wall Street Analysts Forecast Growth

ARI has been the subject of a number of recent analyst reports. UBS Group upped their price target on Apollo Commercial Real Estate Finance from $9.00 to $10.00 and gave the company a "neutral" rating in a research note on Tuesday, February 25th. Keefe, Bruyette & Woods decreased their price target 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 research note 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 note on Saturday, February 15th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $9.08.

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 firm's 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 completion of the sale, the director now owns 9,624 shares of the company's stock, valued at $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 available through this hyperlink. Insiders own 0.68% of the company's stock.

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.