Van ECK Associates Corp Raises Stock Holdings in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Van ECK Associates Corp raised its position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARIFree Report) by 6.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 750,977 shares of the real estate investment trust’s stock after purchasing an additional 46,215 shares during the period. Van ECK Associates Corp’s holdings in Apollo Commercial Real Estate Finance were worth $7,607,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mackenzie Financial Corp lifted its stake in Apollo Commercial Real Estate Finance by 6.1% in the first quarter. Mackenzie Financial Corp now owns 15,016 shares of the real estate investment trust’s stock valued at $209,000 after buying an additional 857 shares during the last quarter. Captrust Financial Advisors lifted its stake in Apollo Commercial Real Estate Finance by 6.0% in the third quarter. Captrust Financial Advisors now owns 15,230 shares of the real estate investment trust’s stock valued at $126,000 after buying an additional 861 shares during the last quarter. Metropolitan Life Insurance Co NY lifted its stake in Apollo Commercial Real Estate Finance by 11.7% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 8,666 shares of the real estate investment trust’s stock valued at $93,000 after buying an additional 907 shares during the last quarter. US Bancorp DE lifted its stake in Apollo Commercial Real Estate Finance by 84.8% in the second quarter. US Bancorp DE now owns 2,230 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 1,023 shares during the last quarter. Finally, NFJ Investment Group LLC lifted its stake in Apollo Commercial Real Estate Finance by 0.3% in the fourth quarter. NFJ Investment Group LLC now owns 314,951 shares of the real estate investment trust’s stock valued at $3,389,000 after buying an additional 1,049 shares during the last quarter. Hedge funds and other institutional investors own 53.74% of the company’s stock.

Apollo Commercial Real Estate Finance Stock Performance

NYSE:ARI opened at $10.74 on Friday. The firm’s fifty day moving average price is $11.63 and its 200 day moving average price is $10.87. Apollo Commercial Real Estate Finance, Inc. has a 1-year low of $8.58 and a 1-year high of $12.74. The company has a debt-to-equity ratio of 0.57, a current ratio of 67.74 and a quick ratio of 38.78. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 35.80 and a beta of 1.68.

Apollo Commercial Real Estate Finance Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were given a $0.35 dividend. The ex-dividend date was Thursday, December 28th. This represents a $1.40 dividend on an annualized basis and a yield of 13.04%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is 466.67%.

Insiders Place Their Bets

In other news, CEO Stuart Rothstein sold 40,000 shares of the company’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $11.45, for a total transaction of $458,000.00. Following the transaction, the chief executive officer now directly owns 541,675 shares of the company’s stock, valued at approximately $6,202,178.75. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on ARI shares. TheStreet cut Apollo Commercial Real Estate Finance from a “c” rating to a “d+” rating in a research note on Tuesday, October 31st. UBS Group started coverage on shares of Apollo Commercial Real Estate Finance in a research report on Wednesday, December 6th. They issued a “neutral” rating and a $10.50 price objective on the stock. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $10.33.

Check Out Our Latest Research Report on Apollo Commercial Real Estate Finance

Apollo Commercial Real Estate Finance Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding ARI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apollo Commercial Real Estate Finance, Inc. (NYSE:ARIFree Report).

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

Receive News & Ratings for Apollo Commercial Real Estate Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apollo Commercial Real Estate Finance and related companies with MarketBeat.com's FREE daily email newsletter.