SG Americas Securities LLC Acquires 42,538 Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

SG Americas Securities LLC boosted its stake in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARIGet Rating) by 557.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 50,164 shares of the real estate investment trust’s stock after acquiring an additional 42,538 shares during the quarter. SG Americas Securities LLC’s holdings in Apollo Commercial Real Estate Finance were worth $699,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ARI. New York State Teachers Retirement System increased its stake in shares of Apollo Commercial Real Estate Finance by 1.1% in the 4th quarter. New York State Teachers Retirement System now owns 135,275 shares of the real estate investment trust’s stock valued at $1,780,000 after buying an additional 1,473 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in Apollo Commercial Real Estate Finance in the fourth quarter worth about $35,165,000. State of New Jersey Common Pension Fund D raised its holdings in Apollo Commercial Real Estate Finance by 10.7% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 197,791 shares of the real estate investment trust’s stock worth $2,603,000 after purchasing an additional 19,173 shares during the last quarter. Yousif Capital Management LLC acquired a new position in Apollo Commercial Real Estate Finance during the 4th quarter valued at about $1,576,000. Finally, Qube Research & Technologies Ltd bought a new position in shares of Apollo Commercial Real Estate Finance in the 4th quarter valued at about $647,000. Institutional investors and hedge funds own 57.62% of the company’s stock.

Wall Street Analysts Forecast Growth

ARI has been the topic of several analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Apollo Commercial Real Estate Finance from $13.00 to $13.50 and gave the company a “neutral” rating in a report on Monday, April 25th. Credit Suisse Group cut their price target on Apollo Commercial Real Estate Finance to $13.00 in a research note on Friday, July 22nd.

Apollo Commercial Real Estate Finance Trading Down 4.4 %

NYSE ARI opened at $12.12 on Wednesday. Apollo Commercial Real Estate Finance, Inc. has a one year low of $9.41 and a one year high of $15.98. The company has a debt-to-equity ratio of 3.09, a current ratio of 38.24 and a quick ratio of 38.25. The firm has a market cap of $1.70 billion, a P/E ratio of 10.73 and a beta of 1.34. The stock’s 50-day moving average is $11.30 and its 200-day moving average is $12.56.

Apollo Commercial Real Estate Finance (NYSE:ARIGet Rating) last announced its earnings results on Tuesday, July 26th. The real estate investment trust reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.09. Apollo Commercial Real Estate Finance had a net margin of 71.47% and a return on equity of 8.22%. During the same period last year, the firm posted $0.38 earnings per share. Sell-side analysts anticipate that Apollo Commercial Real Estate Finance, Inc. will post 1.25 earnings per share for the current fiscal year.

Apollo Commercial Real Estate Finance Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 11.55%. The ex-dividend date was Wednesday, June 29th. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is currently 123.89%.

Insider Buying and Selling

In related news, Director Mark C. Biderman sold 10,000 shares of the company’s stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of $12.68, for a total transaction of $126,800.00. Following the sale, the director now owns 65,663 shares in the company, valued at $832,606.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.73% of the stock is currently owned by corporate insiders.

Apollo Commercial Real Estate Finance Profile

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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. It is qualified as a REIT under the Internal Revenue Code.

See Also

Institutional Ownership by Quarter for Apollo Commercial Real Estate Finance (NYSE:ARI)

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