Charles Schwab Investment Management Inc. Increases Stock Holdings in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Charles Schwab Investment Management Inc. raised its position in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI - Free Report) by 7.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,263,378 shares of the real estate investment trust's stock after buying an additional 162,089 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.64% of Apollo Commercial Real Estate Finance worth $19,601,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Inspire Investing LLC lifted its position in shares of Apollo Commercial Real Estate Finance by 3.0% during the fourth quarter. Inspire Investing LLC now owns 46,143 shares of the real estate investment trust's stock valued at $400,000 after buying an additional 1,364 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Apollo Commercial Real Estate Finance by 327.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,045 shares of the real estate investment trust's stock valued at $27,000 after buying an additional 2,332 shares during the last quarter. KBC Group NV lifted its position in shares of Apollo Commercial Real Estate Finance by 57.7% during the third quarter. KBC Group NV now owns 7,002 shares of the real estate investment trust's stock valued at $64,000 after buying an additional 2,562 shares during the last quarter. AM Investment Strategies LLC lifted its position in shares of Apollo Commercial Real Estate Finance by 2.8% during the fourth quarter. AM Investment Strategies LLC now owns 111,498 shares of the real estate investment trust's stock valued at $966,000 after buying an additional 3,081 shares during the last quarter. Finally, Institute for Wealth Management LLC. increased its holdings in shares of Apollo Commercial Real Estate Finance by 14.6% during the fourth quarter. Institute for Wealth Management LLC. now owns 27,485 shares of the real estate investment trust's stock valued at $238,000 after acquiring an additional 3,500 shares in the last quarter. 54.43% of the stock is owned by hedge funds and other institutional investors.

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Apollo Commercial Real Estate Finance Stock Performance

NYSE:ARI traded down $0.16 during midday trading on Friday, hitting $9.83. The company's stock had a trading volume of 2,748,859 shares, compared to its average volume of 1,005,152. Apollo Commercial Real Estate Finance, Inc. has a fifty-two week low of $8.44 and a fifty-two week high of $11.55. The firm's 50 day moving average is $9.55 and its 200-day moving average is $9.28. The company has a debt-to-equity ratio of 0.67, a current ratio of 51.19 and a quick ratio of 51.19. The firm 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 (NYSE:ARI - Get Free Report) last issued its quarterly earnings results 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%. Equities analysts anticipate that Apollo Commercial Real Estate Finance, Inc. will post 0.63 earnings per share for the current fiscal year.

Apollo Commercial Real Estate Finance Dividend Announcement

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

Insider Buying and Selling

In other Apollo Commercial Real Estate Finance news, CEO Stuart Rothstein sold 52,074 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $9.99, for a total value of $520,219.26. Following the sale, the chief executive officer now owns 385,928 shares in the company, valued at approximately $3,855,420.72. This represents a 11.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Carmencita N.M. Whonder sold 11,000 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $9.96, for a total value of $109,560.00. Following the completion of the sale, the director now owns 9,624 shares in the company, valued at approximately $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 owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Keefe, Bruyette & Woods cut their price objective on shares of Apollo Commercial Real Estate Finance from $9.00 to $8.75 and set a "market perform" rating on the stock in a report on Tuesday, January 14th. StockNews.com upgraded shares of Apollo Commercial Real Estate Finance from a "sell" rating to a "hold" rating in a report on Saturday, February 15th. Finally, UBS Group upped their price objective on shares of 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. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Apollo Commercial Real Estate Finance has a consensus rating of "Hold" and an average price target 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.