Luxor Capital Group LP Decreases Position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Luxor Capital Group LP lessened its stake in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI - Free Report) by 57.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 317,675 shares of the real estate investment trust's stock after selling 432,325 shares during the quarter. Apollo Commercial Real Estate Finance makes up about 0.2% of Luxor Capital Group LP's portfolio, making the stock its 24th biggest holding. Luxor Capital Group LP owned 0.23% of Apollo Commercial Real Estate Finance worth $2,919,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD boosted its stake in Apollo Commercial Real Estate Finance by 5.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 103,101 shares of the real estate investment trust's stock worth $1,149,000 after purchasing an additional 5,179 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Apollo Commercial Real Estate Finance by 31.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 28,876 shares of the real estate investment trust's stock valued at $283,000 after acquiring an additional 6,866 shares during the last quarter. Triad Wealth Partners LLC acquired a new position in shares of Apollo Commercial Real Estate Finance during the 2nd quarter valued at about $43,000. Louisiana State Employees Retirement System boosted its position in shares of Apollo Commercial Real Estate Finance by 1.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 65,800 shares of the real estate investment trust's stock valued at $644,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Apollo Commercial Real Estate Finance by 1.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,074,796 shares of the real estate investment trust's stock valued at $10,522,000 after acquiring an additional 19,611 shares during the last quarter. Hedge funds and other institutional investors own 54.43% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ARI. StockNews.com cut shares of Apollo Commercial Real Estate Finance from a "hold" rating to a "sell" rating in a research report on Monday, November 4th. JPMorgan Chase & Co. lowered their price target on shares of Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a "neutral" rating on the stock in a research report on Thursday, October 17th. Finally, 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. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company's stock. According to MarketBeat.com, Apollo Commercial Real Estate Finance has an average rating of "Hold" and an average target price of $9.63.

Apollo Commercial Real Estate Finance Stock Performance

Shares of NYSE ARI traded up $0.23 during midday trading on Monday, hitting $9.31. The company's stock had a trading volume of 863,503 shares, compared to its average volume of 957,420. Apollo Commercial Real Estate Finance, Inc. has a 1 year low of $8.52 and a 1 year high of $12.74. The company has a current ratio of 46.13, a quick ratio of 46.13 and a debt-to-equity ratio of 0.67. The business's fifty day simple moving average is $8.99 and its two-hundred day simple moving average is $9.75.

Apollo Commercial Real Estate Finance Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 10.74%. The ex-dividend date was Monday, September 30th. Apollo Commercial Real Estate Finance's payout ratio is presently -108.69%.

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.