CIBC Asset Management Inc Buys New Holdings in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

CIBC Asset Management Inc bought a new stake in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) during the fourth quarter, HoldingsChannel reports. The fund bought 12,980 shares of the real estate investment trust’s stock, valued at approximately $112,000.

A number of other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its position in Apollo Commercial Real Estate Finance by 2.7% in the 4th quarter. Principal Financial Group Inc. now owns 617,114 shares of the real estate investment trust’s stock worth $5,344,000 after purchasing an additional 16,040 shares in the last quarter. Rhumbline Advisers boosted its position in Apollo Commercial Real Estate Finance by 4.1% in the 4th quarter. Rhumbline Advisers now owns 426,873 shares of the real estate investment trust’s stock worth $3,697,000 after purchasing an additional 16,908 shares in the last quarter. Van ECK Associates Corp boosted its position in Apollo Commercial Real Estate Finance by 12.1% in the 4th quarter. Van ECK Associates Corp now owns 1,063,511 shares of the real estate investment trust’s stock worth $9,210,000 after purchasing an additional 115,109 shares in the last quarter. Institute for Wealth Management LLC. boosted its position in Apollo Commercial Real Estate Finance by 14.6% in the 4th quarter. Institute for Wealth Management LLC. now owns 27,485 shares of the real estate investment trust’s stock worth $238,000 after purchasing an additional 3,500 shares in the last quarter. Finally, EMC Capital Management boosted its position in Apollo Commercial Real Estate Finance by 272.1% in the 4th quarter. EMC Capital Management now owns 14,089 shares of the real estate investment trust’s stock worth $122,000 after purchasing an additional 10,303 shares in the last quarter. Hedge funds and other institutional investors own 54.43% of the company’s stock.

Apollo Commercial Real Estate Finance Trading Down 0.1 %

Shares of NYSE:ARI opened at $10.06 on Thursday. Apollo Commercial Real Estate Finance, Inc. has a 1 year low of $8.44 and a 1 year high of $11.64. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of -10.59 and a beta of 1.74. The company has a debt-to-equity ratio of 0.67, a current ratio of 51.19 and a quick ratio of 51.19. The business’s 50 day moving average price is $9.15 and its 200-day moving average price is $9.32.

Apollo Commercial Real Estate Finance (NYSE:ARI) last posted 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 positive return on equity of 9.37% and a negative net margin of 39.40%. On average, equities research analysts forecast that Apollo Commercial Real Estate Finance, Inc. will post 0.63 earnings per share for the current fiscal year.

Apollo Commercial Real Estate Finance Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have commented on the company. StockNews.com upgraded Apollo Commercial Real Estate Finance from a “sell” rating to a “hold” rating in a research report on Saturday, February 15th. UBS Group upped their price objective on Apollo Commercial Real Estate Finance from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Keefe, Bruyette & Woods decreased their target price on Apollo Commercial Real Estate Finance from $9.00 to $8.75 and set a “market perform” rating on the stock in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $9.44.

Apollo Commercial Real Estate Finance 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.