State Street Corp Sells 61,247 Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

State Street Corp lessened its stake in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI - Free Report) by 1.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,138,838 shares of the real estate investment trust's stock after selling 61,247 shares during the quarter. State Street Corp owned 3.72% of Apollo Commercial Real Estate Finance worth $48,502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its holdings in Apollo Commercial Real Estate Finance by 31.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 28,876 shares of the real estate investment trust's stock worth $283,000 after buying an additional 6,866 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in 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 worth $644,000 after acquiring an additional 1,100 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Apollo Commercial Real Estate Finance by 1.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,074,796 shares of the real estate investment trust's stock worth $10,522,000 after acquiring an additional 19,611 shares during the last quarter. AM Investment Strategies LLC lifted its position in Apollo Commercial Real Estate Finance by 42.9% in the 2nd quarter. AM Investment Strategies LLC now owns 89,994 shares of the real estate investment trust's stock valued at $881,000 after acquiring an additional 27,038 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in Apollo Commercial Real Estate Finance by 8.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 60,500 shares of the real estate investment trust's stock valued at $592,000 after purchasing an additional 4,714 shares during the last quarter. Institutional investors own 54.43% of the company's stock.

Apollo Commercial Real Estate Finance Stock Performance

NYSE:ARI traded up $0.26 on Friday, hitting $9.04. The stock had a trading volume of 6,569,678 shares, compared to its average volume of 997,245. The business's 50-day simple moving average is $9.04 and its two-hundred day simple moving average is $9.69. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of -9.83 and a beta of 1.75. Apollo Commercial Real Estate Finance, Inc. has a 52-week low of $8.52 and a 52-week high of $12.74. The company has a quick ratio of 46.13, a current ratio of 46.13 and a debt-to-equity ratio of 0.67.

Apollo Commercial Real Estate Finance Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 11.06%. Apollo Commercial Real Estate Finance's dividend payout ratio (DPR) is -108.70%.

Wall Street Analyst Weigh In

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

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.