Hsbc Holdings PLC Lowers Stock Holdings in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Hsbc Holdings PLC cut its position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 8.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,191 shares of the real estate investment trust’s stock after selling 1,793 shares during the quarter. Hsbc Holdings PLC’s holdings in Apollo Commercial Real Estate Finance were worth $166,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC grew its stake in shares of Apollo Commercial Real Estate Finance by 65.9% in the third quarter. Barclays PLC now owns 329,462 shares of the real estate investment trust’s stock worth $3,028,000 after acquiring an additional 130,892 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Apollo Commercial Real Estate Finance by 130.1% in the fourth quarter. JPMorgan Chase & Co. now owns 480,852 shares of the real estate investment trust’s stock valued at $4,164,000 after purchasing an additional 271,908 shares during the period. Raymond James Financial Inc. acquired a new position in Apollo Commercial Real Estate Finance during the 4th quarter worth $578,000. Vanguard Group Inc. grew its stake in Apollo Commercial Real Estate Finance by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 15,236,601 shares of the real estate investment trust’s stock worth $131,949,000 after purchasing an additional 135,785 shares in the last quarter. Finally, Atria Wealth Solutions Inc. increased its holdings in Apollo Commercial Real Estate Finance by 168.7% during the 4th quarter. Atria Wealth Solutions Inc. now owns 73,992 shares of the real estate investment trust’s stock worth $641,000 after purchasing an additional 46,458 shares during the period. Hedge funds and other institutional investors own 54.43% of the company’s stock.

Insiders Place Their Bets

In other Apollo Commercial Real Estate Finance news, Director Carmencita N.M. Whonder sold 11,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $9.96, for a total transaction of $109,560.00. Following the completion of the sale, the director now directly owns 9,624 shares of the company’s stock, valued at approximately $95,855.04. This trade represents a 53.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stuart Rothstein sold 52,074 shares of Apollo Commercial Real Estate Finance stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $9.99, for a total value of $520,219.26. Following the completion of the transaction, the chief executive officer now owns 385,928 shares in the company, valued at $3,855,420.72. This trade represents a 11.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 73,074 shares of company stock valued at $724,579. Insiders own 0.68% of the company’s stock.

Apollo Commercial Real Estate Finance Stock Up 0.5%

Shares of NYSE ARI opened at $9.59 on Monday. The business has a 50-day moving average price of $9.25 and a 200 day moving average price of $9.21. The stock has a market cap of $1.33 billion, a PE ratio of -10.09 and a beta of 1.49. The company has a quick ratio of 51.19, a current ratio of 51.19 and a debt-to-equity ratio of 0.67. Apollo Commercial Real Estate Finance, Inc. has a 52-week low of $7.70 and a 52-week high of $11.20.

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 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 9.37% and a negative net margin of 39.40%. Equities research analysts forecast that Apollo Commercial Real Estate Finance, Inc. will post 0.63 earnings per share for the current year.

Apollo Commercial Real Estate Finance Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 10.43%. The ex-dividend date was Monday, March 31st. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently -3,333.33%.

Analysts Set New Price Targets

ARI has been the subject of a number of analyst reports. UBS Group lowered their price objective on Apollo Commercial Real Estate Finance from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Wednesday, April 16th. BTIG Research upgraded shares of Apollo Commercial Real Estate Finance from a “neutral” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Wednesday, April 23rd. JMP Securities restated a “market perform” rating on shares of Apollo Commercial Real Estate Finance in a research note on Tuesday, April 29th. StockNews.com cut Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a research report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. upped their price target on Apollo Commercial Real Estate Finance from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Monday, April 28th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Apollo Commercial Real Estate Finance has an average rating of “Hold” and a consensus price target of $9.88.

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.