Nisa Investment Advisors LLC Has $516,000 Stock Position in Apollo Commercial Real Estate Finance (NYSE:ARI)

Nisa Investment Advisors LLC trimmed its stake in shares of Apollo Commercial Real Estate Finance (NYSE:ARI) by 3.3% during the first quarter, Holdings Channel reports. The firm owned 52,459 shares of the real estate investment trust’s stock after selling 1,781 shares during the period. Nisa Investment Advisors LLC’s holdings in Apollo Commercial Real Estate Finance were worth $516,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in ARI. Versant Capital Management Inc boosted its holdings in Apollo Commercial Real Estate Finance by 57.9% during the first quarter. Versant Capital Management Inc now owns 3,425 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 1,256 shares in the last quarter. Sterling Capital Management LLC boosted its holdings in shares of Apollo Commercial Real Estate Finance by 783.8% in the 4th quarter. Sterling Capital Management LLC now owns 4,366 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 3,872 shares in the last quarter. CF Capital LLC acquired a new position in shares of Apollo Commercial Real Estate Finance in the 4th quarter worth approximately $52,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Apollo Commercial Real Estate Finance in the 4th quarter worth approximately $67,000. Finally, Xponance Inc. acquired a new position in shares of Apollo Commercial Real Estate Finance in the 4th quarter worth approximately $87,000. 54.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ARI shares. Keefe, Bruyette & Woods boosted their target price on Apollo Commercial Real Estate Finance from $10.50 to $10.75 and gave the stock an “outperform” rating in a report on Thursday, July 10th. JMP Securities reissued a “market perform” rating on shares of Apollo Commercial Real Estate Finance in a report on Tuesday, April 29th. UBS Group boosted their target price on Apollo Commercial Real Estate Finance from $10.00 to $10.50 and gave the stock a “neutral” rating in a report on Tuesday. BTIG Research raised Apollo Commercial Real Estate Finance from a “neutral” rating to a “buy” rating and set a $11.00 target price on the stock in a report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Apollo Commercial Real Estate Finance from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Monday, April 28th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Apollo Commercial Real Estate Finance has an average rating of “Hold” and an average target price of $10.31.

Apollo Commercial Real Estate Finance Stock Performance

ARI stock opened at $9.85 on Wednesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 74.89 and a quick ratio of 74.89. The company has a 50 day moving average price of $9.82 and a 200 day moving average price of $9.45. Apollo Commercial Real Estate Finance has a fifty-two week low of $7.70 and a fifty-two week high of $11.20. The stock has a market capitalization of $1.37 billion, a PE ratio of -328.33, a price-to-earnings-growth ratio of 0.28 and a beta of 1.46.

Apollo Commercial Real Estate Finance Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 10.15%. The ex-dividend date was Monday, June 30th. Apollo Commercial Real Estate Finance’s payout ratio is -3,333.33%.

Insider Buying and Selling at Apollo Commercial Real Estate Finance

In other Apollo Commercial Real Estate Finance news, CEO Stuart Rothstein sold 52,074 shares of the company’s stock in a transaction on Monday, June 16th. The shares were sold at an average price of $9.83, for a total transaction of $511,887.42. Following the completion of the sale, the chief executive officer owned 333,854 shares in the company, valued at approximately $3,281,784.82. The trade was a 13.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mark C. Biderman sold 10,000 shares of the business’s stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $9.48, for a total transaction of $94,800.00. Following the completion of the transaction, the director directly owned 60,787 shares of the company’s stock, valued at $576,260.76. This trade represents a 14.13% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

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 commercial real estate-related debt investments in the United States, the United Kingdom, and Europe.