Van ECK Associates Corp decreased its position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI - Free Report) by 8.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 948,402 shares of the real estate investment trust's stock after selling 85,914 shares during the period. Van ECK Associates Corp owned 0.67% of Apollo Commercial Real Estate Finance worth $8,289,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of ARI. AM Investment Strategies LLC raised its stake in shares of Apollo Commercial Real Estate Finance by 20.5% during the 3rd quarter. AM Investment Strategies LLC now owns 108,417 shares of the real estate investment trust's stock worth $996,000 after purchasing an additional 18,423 shares during the period. Nisa Investment Advisors LLC grew its position in shares of Apollo Commercial Real Estate Finance by 4.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 55,522 shares of the real estate investment trust's stock valued at $526,000 after acquiring an additional 2,435 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in Apollo Commercial Real Estate Finance by 46.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 42,224 shares of the real estate investment trust's stock valued at $388,000 after purchasing an additional 13,348 shares during the last quarter. PFG Investments LLC grew its holdings in Apollo Commercial Real Estate Finance by 2.9% during the third quarter. PFG Investments LLC now owns 48,584 shares of the real estate investment trust's stock valued at $446,000 after purchasing an additional 1,352 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in Apollo Commercial Real Estate Finance in the third quarter worth $1,130,000. 54.43% of the stock is currently owned by institutional investors.
Apollo Commercial Real Estate Finance Stock Up 0.4 %
Shares of ARI traded up $0.04 on Thursday, reaching $9.15. The stock had a trading volume of 531,556 shares, compared to its average volume of 953,152. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of -9.90, a price-to-earnings-growth ratio of 1.45 and a beta of 1.75. The company has a 50-day simple moving average of $9.33 and a 200-day simple moving average of $9.93. 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 debt-to-equity ratio of 0.67, a quick ratio of 46.13 and a current ratio of 46.13.
Apollo Commercial Real Estate Finance Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $0.25 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.93%. Apollo Commercial Real Estate Finance's dividend payout ratio is currently -108.69%.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the company. StockNews.com downgraded Apollo Commercial Real Estate Finance from a "hold" rating to a "sell" rating in a research note on Monday. BTIG Research assumed coverage on shares of Apollo Commercial Real Estate Finance in a research note on Friday, July 19th. They issued a "neutral" rating for the company. Finally, JPMorgan Chase & Co. cut their price objective on shares of 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. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat, Apollo Commercial Real Estate Finance currently has a consensus rating of "Hold" and an average price target of $9.88.
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About Apollo Commercial Real Estate Finance
(
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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