Allspring Global Investments Holdings LLC cut its stake in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI - Free Report) by 21.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,391,964 shares of the real estate investment trust's stock after selling 372,460 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.98% of Apollo Commercial Real Estate Finance worth $12,792,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of ARI. AQR Capital Management LLC increased its stake in Apollo Commercial Real Estate Finance by 1.8% in the second quarter. AQR Capital Management LLC now owns 59,621 shares of the real estate investment trust's stock valued at $584,000 after purchasing an additional 1,039 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of Apollo Commercial Real Estate Finance by 1.7% in 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 buying an additional 1,100 shares in the last quarter. PFG Investments LLC raised its stake in Apollo Commercial Real Estate Finance by 3.4% during the 2nd quarter. PFG Investments LLC now owns 47,232 shares of the real estate investment trust's stock worth $462,000 after buying an additional 1,550 shares during the period. SG Americas Securities LLC lifted its holdings in Apollo Commercial Real Estate Finance by 10.3% during the first quarter. SG Americas Securities LLC now owns 17,711 shares of the real estate investment trust's stock worth $197,000 after acquiring an additional 1,653 shares in the last quarter. Finally, ProShare Advisors LLC grew its stake in Apollo Commercial Real Estate Finance by 7.5% in the first quarter. ProShare Advisors LLC now owns 28,386 shares of the real estate investment trust's stock valued at $316,000 after acquiring an additional 1,985 shares during the period. 54.43% of the stock is currently owned by institutional investors and hedge funds.
Apollo Commercial Real Estate Finance Stock Down 0.5 %
Shares of Apollo Commercial Real Estate Finance stock traded down $0.04 during trading on Friday, reaching $8.82. The stock had a trading volume of 1,243,465 shares, compared to its average volume of 918,997. The company has a current ratio of 54.21, a quick ratio of 54.21 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of -11.31, a P/E/G ratio of 1.93 and a beta of 1.75. The stock has a fifty day moving average price of $9.55 and a two-hundred day moving average price of $10.02. Apollo Commercial Real Estate Finance, Inc. has a 52 week low of $8.52 and a 52 week high of $12.74.
Apollo Commercial Real Estate Finance Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 11.34%. The ex-dividend date was Monday, September 30th. Apollo Commercial Real Estate Finance's dividend payout ratio (DPR) is currently -128.21%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. dropped their price target on 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. BTIG Research began coverage on shares of Apollo Commercial Real Estate Finance in a report on Friday, July 19th. They set a "neutral" rating on the stock. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat.com, Apollo Commercial Real Estate Finance currently has an average rating of "Hold" and an average target price of $9.88.
Read Our Latest Stock Report on ARI
Insider Transactions at Apollo Commercial Real Estate Finance
In other news, Director Scott Prince sold 4,935 shares of the business's stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $10.12, for a total value of $49,942.20. Following the sale, the director now owns 81,154 shares of the company's stock, valued at $821,278.48. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.68% of the company's stock.
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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