JPMorgan Chase & Co. decreased its position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI - Free Report) by 30.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 208,944 shares of the real estate investment trust's stock after selling 93,116 shares during the period. JPMorgan Chase & Co. owned approximately 0.15% of Apollo Commercial Real Estate Finance worth $1,920,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of ARI. Barclays PLC increased its holdings in shares of Apollo Commercial Real Estate Finance by 65.9% in the 3rd quarter. Barclays PLC now owns 329,462 shares of the real estate investment trust's stock worth $3,028,000 after purchasing an additional 130,892 shares in the last quarter. Y Intercept Hong Kong Ltd increased its holdings in Apollo Commercial Real Estate Finance by 619.3% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 87,163 shares of the real estate investment trust's stock worth $801,000 after buying an additional 75,046 shares in the last quarter. Jane Street Group LLC raised its position in 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 worth $2,779,000 after buying an additional 176,101 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in Apollo Commercial Real Estate Finance by 1.1% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 578,210 shares of the real estate investment trust's stock valued at $5,314,000 after acquiring an additional 6,200 shares during the period. Finally, Paloma Partners Management Co purchased a new stake in shares of Apollo Commercial Real Estate Finance during the 3rd quarter valued at about $143,000. 54.43% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
ARI has been the subject of several research reports. Keefe, Bruyette & Woods decreased their price objective 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. UBS Group lowered their price target on Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a "neutral" rating on the stock in a report on Friday, November 15th. JPMorgan Chase & Co. cut 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 report on Thursday, October 17th. Finally, StockNews.com raised Apollo Commercial Real Estate Finance from a "sell" rating to a "hold" rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $9.31.
View Our Latest Research Report on ARI
Apollo Commercial Real Estate Finance Stock Performance
Shares of NYSE:ARI traded down $0.00 during midday trading on Thursday, hitting $8.90. The company had a trading volume of 638,663 shares, compared to its average volume of 800,417. The company has a market cap of $1.23 billion, a price-to-earnings ratio of -9.67 and a beta of 1.74. The company has a debt-to-equity ratio of 0.67, a current ratio of 46.13 and a quick ratio of 46.13. The company has a fifty day moving average of $9.02 and a two-hundred day moving average of $9.51. Apollo Commercial Real Estate Finance, Inc. has a 12-month low of $8.44 and a 12-month high of $11.97.
Apollo Commercial Real Estate Finance Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 11.24%. The ex-dividend date was Tuesday, December 31st. Apollo Commercial Real Estate Finance's dividend payout ratio (DPR) is currently -108.69%.
Apollo Commercial Real Estate Finance Company Profile
(
Free Report)
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.
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