Cibc World Markets Corp Invests $112,000 in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Cibc World Markets Corp purchased a new stake in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 12,967 shares of the real estate investment trust’s stock, valued at approximately $112,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its holdings in Apollo Commercial Real Estate Finance by 327.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,045 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 2,332 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Apollo Commercial Real Estate Finance in the fourth quarter valued at approximately $93,000. CIBC Asset Management Inc purchased a new position in Apollo Commercial Real Estate Finance during the fourth quarter valued at approximately $112,000. EMC Capital Management increased its holdings in Apollo Commercial Real Estate Finance by 272.1% during the 4th quarter. EMC Capital Management now owns 14,089 shares of the real estate investment trust’s stock worth $122,000 after acquiring an additional 10,303 shares during the period. Finally, SVB Wealth LLC bought a new stake in Apollo Commercial Real Estate Finance during the 4th quarter worth approximately $127,000. 54.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ARI has been the subject of several analyst reports. UBS Group boosted their price target on shares of Apollo Commercial Real Estate Finance from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Tuesday, February 25th. StockNews.com upgraded Apollo Commercial Real Estate Finance from a “sell” rating to a “hold” rating in a research note on Saturday, February 15th. Finally, Keefe, Bruyette & Woods dropped their price target on Apollo Commercial Real Estate Finance from $9.00 to $8.75 and set a “market perform” rating for the company in a research report on Tuesday, January 14th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $9.08.

Insiders Place Their Bets

In other Apollo Commercial Real Estate Finance news, CEO Stuart Rothstein sold 52,074 shares of the business’s stock in a transaction 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 sale, the chief executive officer now directly owns 385,928 shares of the company’s stock, valued at $3,855,420.72. The trade was a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Carmencita N.M. Whonder sold 11,000 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $9.96, for a total value of $109,560.00. Following the transaction, the director now directly owns 9,624 shares in the company, valued at $95,855.04. This trade represents a 53.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is owned by insiders.

Apollo Commercial Real Estate Finance Stock Performance

Apollo Commercial Real Estate Finance stock opened at $9.84 on Friday. Apollo Commercial Real Estate Finance, Inc. has a fifty-two week low of $8.44 and a fifty-two week high of $11.20. The company has a debt-to-equity ratio of 0.67, a quick ratio of 51.19 and a current ratio of 51.19. The stock has a market cap of $1.37 billion, a P/E ratio of -10.36 and a beta of 1.74. The firm’s fifty day moving average price is $9.63 and its 200-day moving average price is $9.28.

Apollo Commercial Real Estate Finance (NYSE:ARI) last released its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates 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 expect 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 announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.25 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 10.16%. Apollo Commercial Real Estate Finance’s payout ratio is -105.26%.

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.