Swiss National Bank Increases Stock Holdings in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Swiss National Bank raised its stake in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI – Get Rating) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 322,439 shares of the real estate investment trust’s stock after purchasing an additional 5,700 shares during the period. Swiss National Bank owned 0.23% of Apollo Commercial Real Estate Finance worth $3,469,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. grew its position in shares of Apollo Commercial Real Estate Finance by 721.0% during the first quarter. Geneos Wealth Management Inc. now owns 4,310 shares of the real estate investment trust’s stock worth $60,000 after acquiring an additional 3,785 shares during the last quarter. Covestor Ltd grew its position in shares of Apollo Commercial Real Estate Finance by 131.9% during the first quarter. Covestor Ltd now owns 7,213 shares of the real estate investment trust’s stock worth $100,000 after acquiring an additional 4,102 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Apollo Commercial Real Estate Finance by 454.5% during the fourth quarter. Parallel Advisors LLC now owns 8,662 shares of the real estate investment trust’s stock worth $93,000 after acquiring an additional 7,100 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Apollo Commercial Real Estate Finance during the second quarter worth approximately $114,000. Finally, Paul Damon & Associates Inc. purchased a new position in shares of Apollo Commercial Real Estate Finance during the fourth quarter worth approximately $122,000. 54.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ARI shares. BTIG Research restated a “neutral” rating on shares of Apollo Commercial Real Estate Finance in a research report on Tuesday, April 25th. Keefe, Bruyette & Woods decreased their price target on Apollo Commercial Real Estate Finance from $11.50 to $10.00 and set a “market perform” rating for the company in a report on Thursday, April 13th. JPMorgan Chase & Co. decreased their price target on Apollo Commercial Real Estate Finance from $11.00 to $9.00 in a report on Monday, April 24th. Finally, StockNews.com began coverage on Apollo Commercial Real Estate Finance in a report on Thursday. They set a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $10.80.

Apollo Commercial Real Estate Finance Price Performance

Apollo Commercial Real Estate Finance stock opened at $10.09 on Monday. Apollo Commercial Real Estate Finance, Inc. has a one year low of $7.91 and a one year high of $13.10. The company has a debt-to-equity ratio of 0.63, a quick ratio of 42.44 and a current ratio of 42.44. The business has a fifty day moving average of $9.44 and a two-hundred day moving average of $10.84. The company has a market cap of $1.43 billion, a P/E ratio of 5.51 and a beta of 1.59.

Apollo Commercial Real Estate Finance Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 14th. Shareholders of record on Friday, March 31st were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 13.88%. The ex-dividend date was Thursday, March 30th. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is currently 76.50%.

Insider Buying and Selling at Apollo Commercial Real Estate Finance

In other Apollo Commercial Real Estate Finance news, Director Robert A. Kasdin bought 25,000 shares of Apollo Commercial Real Estate Finance stock in a transaction on Monday, May 8th. The stock was bought at an average price of $9.54 per share, with a total value of $238,500.00. Following the completion of the acquisition, the director now owns 85,739 shares in the company, valued at $817,950.06. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.73% of the stock is owned by corporate insiders.

Apollo Commercial Real Estate Finance Company 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.