Hotchkis & Wiley Capital Management LLC Raises Stake in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Hotchkis & Wiley Capital Management LLC raised its position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 1.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 578,210 shares of the real estate investment trust’s stock after acquiring an additional 6,200 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned approximately 0.42% of Apollo Commercial Real Estate Finance worth $5,314,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Paloma Partners Management Co purchased a new stake in shares of Apollo Commercial Real Estate Finance during the 3rd quarter worth approximately $143,000. BBR Partners LLC purchased a new stake in shares of Apollo Commercial Real Estate Finance during the 3rd quarter worth approximately $138,000. BNP Paribas Financial Markets lifted its position in shares of Apollo Commercial Real Estate Finance by 89.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 54,705 shares of the real estate investment trust’s stock worth $503,000 after buying an additional 25,784 shares during the last quarter. Penserra Capital Management LLC lifted its position in shares of Apollo Commercial Real Estate Finance by 23.0% during the 3rd quarter. Penserra Capital Management LLC now owns 96,211 shares of the real estate investment trust’s stock worth $884,000 after buying an additional 17,980 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new stake in shares of Apollo Commercial Real Estate Finance during the 3rd quarter worth approximately $373,000. Hedge funds and other institutional investors own 54.43% of the company’s stock.

Apollo Commercial Real Estate Finance Stock Performance

Shares of Apollo Commercial Real Estate Finance stock opened at $9.05 on Friday. The firm’s fifty day simple moving average is $9.00 and its 200-day simple moving average is $9.77. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of -9.84 and a beta of 1.75. 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 current ratio of 46.13 and a quick ratio of 46.13.

Apollo Commercial Real Estate Finance Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.00 annualized dividend and a yield of 11.05%. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently -108.69%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. reduced 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 research report on Thursday, October 17th. UBS Group reduced their price objective on shares of Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a “neutral” rating for the company 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 research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus 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.