AM Investment Strategies LLC Purchases New Position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

AM Investment Strategies LLC purchased a new stake in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 30,455 shares of the real estate investment trust’s stock, valued at approximately $358,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. New York State Common Retirement Fund increased its position in shares of Apollo Commercial Real Estate Finance by 15.1% during the fourth quarter. New York State Common Retirement Fund now owns 57,534 shares of the real estate investment trust’s stock valued at $675,000 after buying an additional 7,541 shares during the period. Naples Money Management LLC bought a new stake in Apollo Commercial Real Estate Finance during the fourth quarter worth about $64,000. Louisiana State Employees Retirement System bought a new stake in Apollo Commercial Real Estate Finance during the fourth quarter worth about $764,000. International Assets Investment Management LLC bought a new stake in Apollo Commercial Real Estate Finance during the fourth quarter worth about $1,840,000. Finally, All Season Financial Advisors Inc. bought a new stake in Apollo Commercial Real Estate Finance during the fourth quarter worth about $598,000. Hedge funds and other institutional investors own 54.43% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. TheStreet raised shares of Apollo Commercial Real Estate Finance from a “d+” rating to a “c-” rating in a research note on Wednesday, March 20th. Bank of America lowered shares of Apollo Commercial Real Estate Finance from a “neutral” rating to an “underperform” rating and set a $10.50 price objective on the stock. in a research note on Monday, March 4th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Apollo Commercial Real Estate Finance from $11.00 to $10.50 and set a “neutral” rating on the stock in a research note on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $10.50.

Insider Transactions at Apollo Commercial Real Estate Finance

In other news, CEO Stuart Rothstein sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $10.60, for a total value of $424,000.00. Following the transaction, the chief executive officer now owns 415,292 shares in the company, valued at $4,402,095.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.61% of the company’s stock.

Apollo Commercial Real Estate Finance Stock Down 1.0 %

Shares of NYSE ARI traded down $0.11 during midday trading on Thursday, hitting $10.73. The stock had a trading volume of 553,534 shares, compared to its average volume of 778,604. The business’s 50 day moving average is $10.95 and its 200-day moving average is $11.00. The company has a market cap of $1.52 billion, a P/E ratio of 35.77 and a beta of 1.67. Apollo Commercial Real Estate Finance, Inc. has a 52 week low of $9.22 and a 52 week high of $12.74. The company has a quick ratio of 67.73, a current ratio of 67.74 and a debt-to-equity ratio of 0.57.

Apollo Commercial Real Estate Finance Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.40 annualized dividend and a dividend yield of 13.05%. Apollo Commercial Real Estate Finance’s dividend payout ratio is presently 466.67%.

About Apollo Commercial Real Estate Finance

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.