Geode Capital Management LLC Cuts Stock Position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Geode Capital Management LLC trimmed its position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI - Free Report) by 2.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,095,323 shares of the real estate investment trust's stock after selling 83,352 shares during the quarter. Geode Capital Management LLC owned 2.24% of Apollo Commercial Real Estate Finance worth $26,812,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank bought a new position in Apollo Commercial Real Estate Finance in the fourth quarter worth approximately $3,360,000. JPMorgan Chase & Co. raised its position in shares of Apollo Commercial Real Estate Finance by 130.1% in the 4th quarter. JPMorgan Chase & Co. now owns 480,852 shares of the real estate investment trust's stock worth $4,164,000 after acquiring an additional 271,908 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Apollo Commercial Real Estate Finance during the 4th quarter worth $1,586,000. Jane Street Group LLC lifted its stake in shares of Apollo Commercial Real Estate Finance by 139.4% during the 3rd quarter. Jane Street Group LLC now owns 302,388 shares of the real estate investment trust's stock worth $2,779,000 after purchasing an additional 176,101 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Apollo Commercial Real Estate Finance by 7.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,263,378 shares of the real estate investment trust's stock valued at $19,601,000 after purchasing an additional 162,089 shares in the last quarter. Institutional investors own 54.43% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on ARI shares. BTIG Research raised shares of Apollo Commercial Real Estate Finance from a "neutral" rating to a "buy" rating and set a $11.00 price target for the company in a research report on Wednesday. UBS Group decreased their target price on shares of Apollo Commercial Real Estate Finance from $10.00 to $9.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. StockNews.com downgraded shares of Apollo Commercial Real Estate Finance from a "buy" rating to a "hold" rating in a research note on Wednesday. JPMorgan Chase & Co. lowered their price target on Apollo Commercial Real Estate Finance from $9.50 to $8.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Finally, Keefe, Bruyette & Woods upgraded Apollo Commercial Real Estate Finance from a "market perform" rating to an "outperform" rating and set a $10.00 price target on the stock in a research note on Monday, April 7th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $9.50.

Apollo Commercial Real Estate Finance Stock Performance

Shares of Apollo Commercial Real Estate Finance stock traded up $0.50 on Wednesday, reaching $9.13. 489,167 shares of the stock were exchanged, compared to its average volume of 1,101,300. Apollo Commercial Real Estate Finance, Inc. has a twelve month low of $7.70 and a twelve month high of $11.20. The business has a 50 day moving average price of $9.42 and a two-hundred day moving average price of $9.15. The company has a quick ratio of 51.19, a current ratio of 51.19 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of -9.61 and a beta of 1.41.

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 earnings per share for the quarter, topping analysts' consensus estimates 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%. 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.25 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 10.95%. Apollo Commercial Real Estate Finance's dividend payout ratio (DPR) is presently -105.26%.

Insider Transactions at Apollo Commercial Real Estate Finance

In related news, Director Carmencita N.M. Whonder sold 11,000 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $9.96, for a total value of $109,560.00. Following the completion of the transaction, the director now directly owns 9,624 shares in the company, valued at $95,855.04. The trade was a 53.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Stuart Rothstein sold 52,074 shares of the firm's stock in a transaction 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 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 disclosure for this sale can be found here. Company 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.