BNP Paribas Financial Markets Has $153,000 Position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

BNP Paribas Financial Markets lowered its stake in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 67.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,721 shares of the real estate investment trust’s stock after selling 36,984 shares during the quarter. BNP Paribas Financial Markets’ holdings in Apollo Commercial Real Estate Finance were worth $153,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ARI. Barclays PLC lifted its position in shares of Apollo Commercial Real Estate Finance by 65.9% during the 3rd quarter. Barclays PLC now owns 329,462 shares of the real estate investment trust’s stock worth $3,028,000 after purchasing an additional 130,892 shares during the last quarter. JPMorgan Chase & Co. increased its position in Apollo Commercial Real Estate Finance by 130.1% in the 4th quarter. JPMorgan Chase & Co. now owns 480,852 shares of the real estate investment trust’s stock worth $4,164,000 after buying an additional 271,908 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Apollo Commercial Real Estate Finance during the fourth quarter worth approximately $578,000. Vanguard Group Inc. boosted its position in shares of Apollo Commercial Real Estate Finance by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 15,236,601 shares of the real estate investment trust’s stock valued at $131,949,000 after acquiring an additional 135,785 shares during the period. Finally, Atria Wealth Solutions Inc. boosted its position in shares of Apollo Commercial Real Estate Finance by 168.7% in the fourth quarter. Atria Wealth Solutions Inc. now owns 73,992 shares of the real estate investment trust’s stock valued at $641,000 after acquiring an additional 46,458 shares during the period. Institutional investors and hedge funds own 54.43% of the company’s stock.

Insider Activity at Apollo Commercial Real Estate Finance

In other news, Director Carmencita N.M. Whonder sold 11,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $9.96, for a total value of $109,560.00. Following the sale, the director now owns 9,624 shares in the company, valued at approximately $95,855.04. The trade was a 53.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark C. Biderman sold 10,000 shares of the company’s stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $9.48, for a total transaction of $94,800.00. Following the completion of the sale, the director now directly owns 60,787 shares in the company, valued at approximately $576,260.76. The trade was a 14.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 73,074 shares of company stock valued at $724,579 over the last quarter. 0.68% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ARI has been the topic of a number of research reports. UBS Group reaffirmed a “neutral” rating and set a $10.00 target price (up previously from $9.00) on shares of Apollo Commercial Real Estate Finance in a research report on Wednesday, May 21st. JPMorgan Chase & Co. boosted their price objective on shares of Apollo Commercial Real Estate Finance from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Monday, April 28th. JMP Securities reiterated a “market perform” rating on shares of Apollo Commercial Real Estate Finance in a research note on Tuesday, April 29th. BTIG Research upgraded Apollo Commercial Real Estate Finance from a “neutral” rating to a “buy” rating and set a $11.00 price target on the stock in a research note on Wednesday, April 23rd. Finally, Wall Street Zen cut Apollo Commercial Real Estate Finance from a “buy” rating to a “hold” rating in a report on Wednesday, April 23rd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $10.13.

Apollo Commercial Real Estate Finance Trading Down 0.7%

Shares of Apollo Commercial Real Estate Finance stock opened at $9.83 on Friday. Apollo Commercial Real Estate Finance, Inc. has a 52-week low of $7.70 and a 52-week high of $11.20. The firm has a market capitalization of $1.37 billion, a PE ratio of -10.35 and a beta of 1.49. The company has a debt-to-equity ratio of 0.67, a current ratio of 51.19 and a quick ratio of 51.19. The company’s fifty day moving average price is $9.21 and its two-hundred day moving average price is $9.29.

Apollo Commercial Real Estate Finance Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 10.17%. Apollo Commercial Real Estate Finance’s payout ratio is currently -3,333.33%.

Apollo Commercial Real Estate Finance Profile

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.