LSV Asset Management Sells 53,100 Shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

LSV Asset Management decreased its holdings in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 8.5% during the 4th quarter, HoldingsChannel reports. The firm owned 570,978 shares of the real estate investment trust’s stock after selling 53,100 shares during the quarter. LSV Asset Management’s holdings in Apollo Commercial Real Estate Finance were worth $6,703,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ARI. Vanguard Group Inc. grew its position in Apollo Commercial Real Estate Finance by 0.4% in the third quarter. Vanguard Group Inc. now owns 15,665,083 shares of the real estate investment trust’s stock valued at $158,687,000 after acquiring an additional 54,938 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Apollo Commercial Real Estate Finance by 5.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,841,722 shares of the real estate investment trust’s stock valued at $18,657,000 after purchasing an additional 98,053 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Apollo Commercial Real Estate Finance by 0.8% during the 3rd quarter. Invesco Ltd. now owns 1,015,552 shares of the real estate investment trust’s stock valued at $10,288,000 after purchasing an additional 8,495 shares during the last quarter. Van ECK Associates Corp increased its position in Apollo Commercial Real Estate Finance by 1.5% during the 4th quarter. Van ECK Associates Corp now owns 762,079 shares of the real estate investment trust’s stock worth $8,947,000 after purchasing an additional 11,102 shares in the last quarter. Finally, Swiss National Bank lifted its stake in Apollo Commercial Real Estate Finance by 1.0% in the 3rd quarter. Swiss National Bank now owns 295,139 shares of the real estate investment trust’s stock valued at $2,990,000 after purchasing an additional 3,000 shares during the last quarter. Institutional investors and hedge funds own 54.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ARI shares. JPMorgan Chase & Co. lowered their price target on shares of Apollo Commercial Real Estate Finance from $11.00 to $10.50 and set a “neutral” rating for the company in a report on Wednesday, April 10th. Keefe, Bruyette & Woods lowered their target price on Apollo Commercial Real Estate Finance from $11.00 to $10.00 and set a “market perform” rating for the company in a report on Wednesday, May 1st. TheStreet upgraded Apollo Commercial Real Estate Finance from a “d+” rating to a “c-” rating in a report on Wednesday, March 20th. Finally, Bank of America downgraded Apollo Commercial Real Estate Finance from a “neutral” rating to an “underperform” rating and set a $10.50 price objective for the company. in a research note on Monday, March 4th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $10.38.

Insider Activity

In related news, CEO Stuart Rothstein sold 40,000 shares of Apollo Commercial Real Estate Finance stock in a transaction on Monday, April 15th. The shares were sold at an average price of $10.60, for a total transaction of $424,000.00. Following the completion of the transaction, the chief executive officer now owns 415,292 shares of the company’s stock, valued at $4,402,095.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Apollo Commercial Real Estate Finance news, CEO Stuart Rothstein sold 40,000 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $10.60, for a total transaction of $424,000.00. Following the sale, the chief executive officer now owns 415,292 shares of the company’s stock, valued at $4,402,095.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark C. Biderman sold 15,000 shares of Apollo Commercial Real Estate Finance stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $10.00, for a total value of $150,000.00. Following the completion of the transaction, the director now directly owns 60,625 shares of the company’s stock, valued at $606,250. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.

Apollo Commercial Real Estate Finance Trading Down 0.3 %

Shares of ARI stock opened at $9.97 on Thursday. The stock has a 50-day moving average of $10.82 and a 200-day moving average of $11.01. The company has a current ratio of 52.35, a quick ratio of 52.35 and a debt-to-equity ratio of 0.61. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of -12.78 and a beta of 1.69. Apollo Commercial Real Estate Finance, Inc. has a 1-year low of $9.22 and a 1-year high of $12.74.

Apollo Commercial Real Estate Finance Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a $0.35 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 14.04%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is currently -179.49%.

About Apollo Commercial Real Estate Finance

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, the United Kingdom, and Europe.