SG Americas Securities LLC Purchases New Shares in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

SG Americas Securities LLC acquired a new position in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 10,705 shares of the real estate investment trust’s stock, valued at approximately $93,000.

Other large investors also recently bought and sold shares of the company. Hotchkis & Wiley Capital Management LLC grew its stake in Apollo Commercial Real Estate Finance by 1.1% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 578,210 shares of the real estate investment trust’s stock valued at $5,314,000 after acquiring an additional 6,200 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in Apollo Commercial Real Estate Finance by 72.0% in the third quarter. Advisors Asset Management Inc. now owns 468,335 shares of the real estate investment trust’s stock valued at $4,304,000 after buying an additional 196,122 shares during the period. Barclays PLC raised its stake in shares of Apollo Commercial Real Estate Finance by 65.9% during the third quarter. Barclays PLC now owns 329,462 shares of the real estate investment trust’s stock valued at $3,028,000 after purchasing an additional 130,892 shares during the period. Jane Street Group LLC raised its stake in shares of Apollo Commercial Real Estate Finance by 139.4% during the third quarter. Jane Street Group LLC now owns 302,388 shares of the real estate investment trust’s stock valued at $2,779,000 after purchasing an additional 176,101 shares during the period. Finally, Baker Avenue Asset Management LP raised its stake in shares of Apollo Commercial Real Estate Finance by 7.1% during the third quarter. Baker Avenue Asset Management LP now owns 169,289 shares of the real estate investment trust’s stock valued at $1,556,000 after purchasing an additional 11,179 shares during the period. Hedge funds and other institutional investors own 54.43% of the company’s stock.

Apollo Commercial Real Estate Finance Trading Up 1.5 %

Shares of ARI opened at $10.07 on Friday. The business’s 50-day moving average price is $9.00 and its 200 day moving average price is $9.35. The stock has a market capitalization of $1.40 billion, a P/E ratio of -10.94 and a beta of 1.74. Apollo Commercial Real Estate Finance, Inc. has a 1-year low of $8.44 and a 1-year high of $11.64. The company has a current ratio of 46.13, a quick ratio of 46.13 and a debt-to-equity ratio of 0.67.

Apollo Commercial Real Estate Finance (NYSE:ARI) last released its earnings results on Monday, February 10th. The real estate investment trust reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.07. Apollo Commercial Real Estate Finance had a positive return on equity of 9.11% and a negative net margin of 35.84%. Analysts expect that Apollo Commercial Real Estate Finance, Inc. will post 0.2 earnings per share for the current year.

Apollo Commercial Real Estate Finance Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.25 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 9.94%. Apollo Commercial Real Estate Finance’s payout ratio is -105.26%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ARI. StockNews.com raised shares of Apollo Commercial Real Estate Finance from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. UBS Group reduced their price target on shares of Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a “neutral” rating for the company in a report on Friday, November 15th. Keefe, Bruyette & Woods cut their price objective on shares of Apollo Commercial Real Estate Finance from $9.00 to $8.75 and set a “market perform” rating on the stock in a research note on Tuesday, January 14th. 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 on the stock in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $9.31.

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.