Quest Partners LLC Acquires 92,060 Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Quest Partners LLC raised its stake in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI - Free Report) by 960.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 101,641 shares of the real estate investment trust's stock after buying an additional 92,060 shares during the quarter. Quest Partners LLC owned about 0.07% of Apollo Commercial Real Estate Finance worth $934,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Triad Wealth Partners LLC bought a new stake in Apollo Commercial Real Estate Finance in the 2nd quarter valued at $43,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Apollo Commercial Real Estate Finance in the 3rd quarter valued at about $44,000. EverSource Wealth Advisors LLC bought a new stake in shares of Apollo Commercial Real Estate Finance in the second quarter valued at about $59,000. KBC Group NV boosted its position in shares of Apollo Commercial Real Estate Finance by 57.7% during the third quarter. KBC Group NV now owns 7,002 shares of the real estate investment trust's stock worth $64,000 after buying an additional 2,562 shares during the period. Finally, Algert Global LLC bought a new position in shares of Apollo Commercial Real Estate Finance during the second quarter worth about $133,000. Institutional investors and hedge funds own 54.43% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on ARI shares. JPMorgan Chase & Co. cut their target price on Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a "neutral" rating on the stock in a research note on Thursday, October 17th. UBS Group cut their price objective 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. Finally, StockNews.com cut shares of Apollo Commercial Real Estate Finance from a "hold" rating to a "sell" rating in a report on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat, Apollo Commercial Real Estate Finance currently has a consensus rating of "Hold" and an average price target of $9.63.

Apollo Commercial Real Estate Finance Trading Down 0.5 %

NYSE ARI opened at $9.12 on Thursday. Apollo Commercial Real Estate Finance, Inc. has a 12 month low of $8.52 and a 12 month 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 stock has a 50 day moving average of $9.11 and a 200-day moving average of $9.84. The company has a market cap of $1.26 billion, a PE ratio of -9.91 and a beta of 1.75.

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 paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 10.97%. The ex-dividend date was Monday, September 30th. Apollo Commercial Real Estate Finance's dividend payout ratio is currently -108.70%.

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.