Mirae Asset Global Investments Co. Ltd. Decreases Holdings in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Mirae Asset Global Investments Co. Ltd. trimmed its holdings in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARIGet Rating) by 61.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 698,425 shares of the real estate investment trust’s stock after selling 1,101,949 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.50% of Apollo Commercial Real Estate Finance worth $9,729,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Profund Advisors LLC grew its holdings in Apollo Commercial Real Estate Finance by 23.9% during the 1st quarter. Profund Advisors LLC now owns 18,570 shares of the real estate investment trust’s stock valued at $259,000 after purchasing an additional 3,581 shares during the last quarter. SG Americas Securities LLC grew its holdings in Apollo Commercial Real Estate Finance by 557.8% during the 1st quarter. SG Americas Securities LLC now owns 50,164 shares of the real estate investment trust’s stock valued at $699,000 after purchasing an additional 42,538 shares during the last quarter. Camden Capital LLC bought a new position in Apollo Commercial Real Estate Finance during the 1st quarter valued at about $525,000. Arete Wealth Advisors LLC grew its holdings in Apollo Commercial Real Estate Finance by 252.5% during the 1st quarter. Arete Wealth Advisors LLC now owns 366,300 shares of the real estate investment trust’s stock valued at $5,103,000 after purchasing an additional 262,376 shares during the last quarter. Finally, Roble Belko & Company Inc bought a new position in Apollo Commercial Real Estate Finance during the 1st quarter valued at about $2,087,000. 55.57% of the stock is currently owned by hedge funds and other institutional investors.

Apollo Commercial Real Estate Finance Price Performance

Shares of ARI stock opened at $11.21 on Wednesday. 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 company has a market capitalization of $1.58 billion, a P/E ratio of 9.92 and a beta of 1.35. The company’s 50-day simple moving average is $11.88 and its two-hundred day simple moving average is $12.25. Apollo Commercial Real Estate Finance, Inc. has a one year low of $9.41 and a one year high of $15.98.

Apollo Commercial Real Estate Finance (NYSE:ARIGet Rating) last issued its earnings results on Tuesday, July 26th. The real estate investment trust reported $0.35 EPS 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 in the prior year, the company posted $0.38 EPS. As a group, equities analysts anticipate that Apollo Commercial Real Estate Finance, Inc. will post 1.29 EPS for the current year.

Apollo Commercial Real Estate Finance Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be paid a $0.35 dividend. The ex-dividend date is Thursday, September 29th. This represents a $1.40 dividend on an annualized basis and a yield of 12.49%. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently 123.89%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ARI. JPMorgan Chase & Co. downgraded shares of Apollo Commercial Real Estate Finance from a “neutral” rating to an “underweight” rating and cut their price target for the company from $12.50 to $11.00 in a report on Tuesday, September 6th. Credit Suisse Group cut their price target on shares of Apollo Commercial Real Estate Finance to $13.00 in a report on Friday, July 22nd.

Apollo Commercial Real Estate Finance Company 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.

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

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