Cambridge Investment Research Advisors Inc. raised its position in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI – Get a rating) by 44.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The company held 44,238 shares of the real estate investment trust after purchasing an additional 13,682 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Apollo Commercial Real Estate Finance were worth $367,000 when it last filed with the SEC.
Other hedge funds and other institutional investors also changed their positions in the company. CWM LLC increased its stake in the shares of Apollo Commercial Real Estate Finance by 100.9% during the 2nd quarter. CWM LLC now owns 2,475 shares of the real estate investment trust worth $26,000 after purchasing an additional 1,243 shares during the period. Newbridge Financial Services Group Inc. acquired a new stake in the shares of Apollo Commercial Real Estate Finance during Q3 for a value of approximately $42,000. Geneos Wealth Management Inc. increased its stake in the shares of Apollo Commercial Real Estate Finance by 721.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 4,310 shares of the real estate investment trust worth $60,000 after purchasing an additional 3,785 shares during the period. EMC Capital Management increased its stake in the shares of Apollo Commercial Real Estate Finance by 51.2% during the second quarter. EMC Capital Management now owns 6,140 shares of the real estate investment trust worth $64,000 after purchasing an additional 2,080 shares during the period. Finally, Selective Wealth Management Inc. increased its stake in the shares of Apollo Commercial Real Estate Finance by 53.5% during the 2nd quarter. Selective Wealth Management Inc. now owns 6,600 shares of the real estate investment trust worth $69,000 after purchasing an additional 2,300 shares during the period. Institutional investors and hedge funds hold 54.57% of the company’s shares.
Insiders place their bets
In other Apollo Commercial Real Estate Finance CEO news Stuart Rothstein bought 15,000 shares in a trade on Monday, November 7. The shares were purchased at an average price of $11.18 per share, with a total value of $167,700.00. As a result of the purchase, the CEO now directly owns 452,676 shares of the company, valued at approximately $5,060,917.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink. 0.73% of the shares are currently held by insiders.
Apollo Commercial Real Estate Finance Trading up 1.7%
Shares of ARI opened at $11.86 on Friday. Apollo Commercial Real Estate Finance, Inc. has a 52 week low of $7.91 and a 52 week high of $14.55. The company has a quick ratio of 22.02, a current ratio of 22.02 and a debt ratio of 0.62. The company’s fifty-day moving average is $11.54 and its two-hundred-day moving average is $11.19. The stock has a market capitalization of $1.67 billion, a PE ratio of 6.31 and a beta of 1.55.
Apollo Commercial Real Estate Finance Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, January 13. Shareholders of record on Friday, December 30 will receive a dividend of $0.35 per share. The ex-dividend date is Thursday, December 29. This represents an annualized dividend of $1.40 and a yield of 11.80%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is currently 74.47%.
Analysts set new price targets
A number of brokerages have recently commented on ARI. JPMorgan Chase & Co. lowered its price target on Apollo Commercial Real Estate Finance shares from $11.00 to $9.50 and set an “underweight” rating on the stock in a research note Monday, October 24. StockNews.com assumed coverage for Apollo Commercial Real Estate Finance stocks in a Wednesday, Oct. 12 research note. They issued a “hold” rating on the stock. Bank Of America (Bofa) assumed coverage for Apollo Commercial Real Estate Finance shares in a Tuesday, November 22 research note. They issued a “neutral” rating and a price target of $12.00 on the stock. Bank of America reissued a “neutral” rating and issued a $12.00 price target on Apollo Commercial Real Estate Finance shares in a research note on Monday, November 21. Finally, Credit Suisse Group lowered its price target on Apollo Commercial Real Estate Finance shares to $11.00 in a Thursday, October 13 research note.
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 debt investments related to commercial real estate in the USA. It qualifies as a REIT under the Tax Code.
Further reading
Want to see which other hedge funds hold ARIs? Visit HoldingsChannel.com for the latest 13F documents and insider trading for Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI – Get a rating).
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