Hsbc Holdings PLC Reduces Stock Position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Hsbc Holdings PLC cut its stake in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI – Get Rating) by 30.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,468 shares of the real estate investment trust’s stock after selling 10,582 shares during the quarter. Hsbc Holdings PLC’s holdings in Apollo Commercial Real Estate Finance were worth $204,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in ARI. MAS Advisors LLC grew its position in Apollo Commercial Real Estate Finance by 17.1% in the 1st quarter. MAS Advisors LLC now owns 110,840 shares of the real estate investment trust’s stock worth $1,535,000 after purchasing an additional 16,168 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Apollo Commercial Real Estate Finance by 1.0% in the first quarter. Bank of New York Mellon Corp now owns 1,378,310 shares of the real estate investment trust’s stock worth $19,200,000 after acquiring an additional 13,735 shares during the period. Natixis Advisors L.P. increased its position in Apollo Commercial Real Estate Finance by 28.0% during the first quarter. Natixis Advisors L.P. now owns 22,392 shares of the real estate investment trust’s stock valued at $312,000 after acquiring an additional 4,899 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in Apollo Commercial Real Estate Finance by 57.3% in the first quarter. MetLife Investment Management LLC now owns 73,379 shares of the real estate investment trust’s stock valued at $1,022,000 after acquiring an additional 26,742 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Apollo Commercial Real Estate Finance by 14.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 113,890 shares of the real estate investment trust’s stock valued at $1,586,000 after acquiring an additional 14,502 shares during the period. 54.57% of the stock is owned by hedge funds and other institutional investors.

Apollo Commercial Real Estate Finance Stock Performance

Shares of ARI opened at $10.07 on Friday. The business has a 50-day simple moving average of $11.61 and a two-hundred day simple moving average of $11.19. The company has a quick ratio of 36.70, a current ratio of 36.70 and a debt-to-equity ratio of 0.63. Apollo Commercial Real Estate Finance, Inc. has a 52 week low of $7.91 and a 52 week high of $14.55. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 6.33 and a beta of 1.61.

Apollo Commercial Real Estate Finance Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 13th. Investors of record on Friday, December 30th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 13.90%. The ex-dividend date was Thursday, December 29th. Apollo Commercial Real Estate Finance’s dividend payout ratio is 88.05%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Bank of America reaffirmed a “neutral” rating and set a $12.00 price target on shares of Apollo Commercial Real Estate Finance in a research report on Monday, November 21st. Bank Of America (Bofa) started coverage on shares of Apollo Commercial Real Estate Finance in a report on Tuesday, November 22nd. They set a “neutral” rating and a $12.00 target price for the company.

Apollo Commercial Real Estate Finance Profile

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Apollo Commercial Real Estate Finance, Inc engages in the provision of real estate investment trust. It offers loan programs that include senior loans, subordinate debt, bridge loans, and preferred equity. The company was founded on June 29, 2009 and is headquartered in New York, NY.