XTX Topco Ltd acquired a new position in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 61,681 shares of the real estate investment trust's stock, valued at approximately $534,000.
A number of other large investors have also modified their holdings of ARI. Smartleaf Asset Management LLC increased its position in shares of Apollo Commercial Real Estate Finance by 327.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,045 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 2,332 shares in the last quarter. Sterling Capital Management LLC grew its position in shares of Apollo Commercial Real Estate Finance by 783.8% during the 4th quarter. Sterling Capital Management LLC now owns 4,366 shares of the real estate investment trust's stock worth $38,000 after buying an additional 3,872 shares during the period. Murphy & Mullick Capital Management Corp bought a new position in shares of Apollo Commercial Real Estate Finance during the fourth quarter worth $67,000. Xponance Inc. bought a new stake in shares of Apollo Commercial Real Estate Finance in the fourth quarter worth about $87,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Apollo Commercial Real Estate Finance in the fourth quarter valued at approximately $89,000. 54.43% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Apollo Commercial Real Estate Finance
In other news, Director Carmencita N.M. Whonder sold 11,000 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $9.96, for a total transaction of $109,560.00. Following the transaction, the director now directly owns 9,624 shares of the company's stock, valued at approximately $95,855.04. The trade was a 53.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Stuart Rothstein sold 52,074 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $9.99, for a total transaction of $520,219.26. Following the transaction, the chief executive officer now directly owns 385,928 shares in the company, valued at approximately $3,855,420.72. The trade was a 11.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company's stock.
Apollo Commercial Real Estate Finance Stock Performance
Shares of NYSE ARI traded up $0.04 during mid-day trading on Friday, reaching $9.13. 731,562 shares of the company's stock were exchanged, compared to its average volume of 1,111,322. The firm has a 50-day moving average price of $9.38 and a two-hundred day moving average price of $9.15. The company has a debt-to-equity ratio of 0.67, a current ratio of 51.19 and a quick ratio of 51.19. Apollo Commercial Real Estate Finance, Inc. has a 52 week low of $7.70 and a 52 week high of $11.20. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of -9.61 and a beta of 1.41.
Apollo Commercial Real Estate Finance (NYSE:ARI - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.30 EPS for the quarter, beating the consensus estimate of $0.23 by $0.07. Apollo Commercial Real Estate Finance had a negative net margin of 39.40% and a positive return on equity of 9.37%. Analysts predict that Apollo Commercial Real Estate Finance, Inc. will post 0.63 EPS for the current year.
Apollo Commercial Real Estate Finance Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.00 annualized dividend and a yield of 10.96%. Apollo Commercial Real Estate Finance's payout ratio is -105.26%.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the company. StockNews.com downgraded Apollo Commercial Real Estate Finance from a "buy" rating to a "hold" rating in a research report on Wednesday. UBS Group dropped their price objective on shares of Apollo Commercial Real Estate Finance from $10.00 to $9.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. JPMorgan Chase & Co. decreased their price target on shares of Apollo Commercial Real Estate Finance from $9.50 to $8.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Keefe, Bruyette & Woods upgraded shares of Apollo Commercial Real Estate Finance from a "market perform" rating to an "outperform" rating and set a $10.00 target price for the company in a research report on Monday, April 7th. Finally, BTIG Research upgraded shares of Apollo Commercial Real Estate Finance from a "neutral" rating to a "buy" rating and set a $11.00 price target for the company in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Apollo Commercial Real Estate Finance presently has a consensus rating of "Hold" and a consensus price target of $9.50.
View Our Latest Stock Analysis on ARI
Apollo Commercial Real Estate Finance 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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