Fmr LLC Sells 82,964 Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

FMR LLC lowered its holdings in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI - Free Report) by 84.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,936 shares of the real estate investment trust's stock after selling 82,964 shares during the quarter. FMR LLC's holdings in Apollo Commercial Real Estate Finance were worth $137,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its holdings in Apollo Commercial Real Estate Finance by 1.8% during the 2nd quarter. AQR Capital Management LLC now owns 59,621 shares of the real estate investment trust's stock valued at $584,000 after buying an additional 1,039 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Apollo Commercial Real Estate Finance by 1.7% in the second quarter. Louisiana State Employees Retirement System now owns 65,800 shares of the real estate investment trust's stock valued at $644,000 after purchasing an additional 1,100 shares in the last quarter. PFG Investments LLC raised its stake in Apollo Commercial Real Estate Finance by 2.9% during the third quarter. PFG Investments LLC now owns 48,584 shares of the real estate investment trust's stock valued at $446,000 after purchasing an additional 1,352 shares in the last quarter. QRG Capital Management Inc. lifted its position in Apollo Commercial Real Estate Finance by 2.2% during the third quarter. QRG Capital Management Inc. now owns 67,502 shares of the real estate investment trust's stock valued at $620,000 after purchasing an additional 1,456 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Apollo Commercial Real Estate Finance by 3.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 70,256 shares of the real estate investment trust's stock worth $688,000 after buying an additional 2,037 shares in the last quarter. Institutional investors own 54.43% of the company's stock.

Analysts Set New Price Targets

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

Apollo Commercial Real Estate Finance Trading Down 0.7 %

NYSE ARI traded down $0.06 during trading on Monday, hitting $8.98. The stock had a trading volume of 1,243,223 shares, compared to its average volume of 999,249. Apollo Commercial Real Estate Finance, Inc. has a one year low of $8.52 and a one year high of $12.74. The stock has a 50 day simple moving average of $9.05 and a 200 day simple moving average of $9.67. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of -9.76 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.

Apollo Commercial Real Estate Finance Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.14%. The ex-dividend date is Tuesday, December 31st. Apollo Commercial Real Estate Finance's dividend payout ratio is currently -108.70%.

Apollo Commercial Real Estate Finance 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.