Price T Rowe Associates Inc. MD Sells 4,502 Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Price T Rowe Associates Inc. MD decreased its holdings in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 4.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 89,372 shares of the real estate investment trust’s stock after selling 4,502 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.06% of Apollo Commercial Real Estate Finance worth $774,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ARI. Vanguard Group Inc. raised its position in Apollo Commercial Real Estate Finance by 0.9% in the fourth 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. Charles Schwab Investment Management Inc. boosted its holdings in Apollo Commercial Real Estate Finance by 7.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,263,378 shares of the real estate investment trust’s stock valued at $19,601,000 after purchasing an additional 162,089 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of 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 valued at $9,210,000 after purchasing an additional 115,109 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Apollo Commercial Real Estate Finance by 5.8% in the 4th quarter. Bank of New York Mellon Corp now owns 1,022,941 shares of the real estate investment trust’s stock worth $8,859,000 after buying an additional 56,284 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of 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 buying an additional 16,040 shares in the last quarter. 54.43% of the stock is owned by institutional investors.

Apollo Commercial Real Estate Finance Price Performance

Shares of ARI stock opened at $9.59 on Monday. Apollo Commercial Real Estate Finance, Inc. has a 52 week low of $7.70 and a 52 week high of $11.20. The stock has a market capitalization of $1.33 billion, a PE ratio of -10.09 and a beta of 1.49. 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’s fifty day moving average is $9.25 and its 200-day moving average is $9.21.

Apollo Commercial Real Estate Finance (NYSE:ARI) last issued its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.07. Apollo Commercial Real Estate Finance had a negative net margin of 39.40% and a positive return on equity of 9.37%. Equities research analysts expect that Apollo Commercial Real Estate Finance, Inc. will post 0.63 EPS for the current fiscal year.

Apollo Commercial Real Estate Finance Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts recently commented on ARI shares. JPMorgan Chase & Co. boosted their price target on Apollo Commercial Real Estate Finance from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Monday, April 28th. JMP Securities restated a “market perform” rating on shares of Apollo Commercial Real Estate Finance in a research note on Tuesday, April 29th. BTIG Research raised shares of 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. Keefe, Bruyette & Woods lifted their price target on shares of Apollo Commercial Real Estate Finance from $10.00 to $10.50 and gave the company an “outperform” rating in a report on Tuesday, April 29th. Finally, StockNews.com lowered shares of Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a research report on Wednesday, April 23rd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $9.88.

Insider Activity at Apollo Commercial Real Estate Finance

In related news, Director Carmencita N.M. Whonder sold 11,000 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $9.96, for a total value of $109,560.00. Following the transaction, the director now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Stuart Rothstein sold 52,074 shares of Apollo Commercial Real Estate Finance stock in a transaction dated Monday, March 17th. The stock was 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 owns 385,928 shares of the company’s stock, valued at approximately $3,855,420.72. The trade was a 11.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 73,074 shares of company stock valued at $724,579 over the last quarter. Corporate insiders own 0.68% of the company’s stock.

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.