Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Shares Sold by Shell Asset Management Co.


Shell Asset Management Co. cut its stake in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI – Get Rating) by 12.9% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 28,136 shares of the real estate investment trust’s stock after selling 4,163 shares during the period. Shell Asset Management Co.’s holdings in Apollo Commercial Real Estate Finance were worth $392,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ARI. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Apollo Commercial Real Estate Finance by 154.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,800,374 shares of the real estate investment trust’s stock worth $23,693,000 after buying an additional 1,093,275 shares in the last quarter. Invesco Ltd. lifted its stake in Apollo Commercial Real Estate Finance by 10.5% during the fourth quarter. Invesco Ltd. now owns 2,179,444 shares of the real estate investment trust’s stock worth $28,681,000 after purchasing an additional 207,483 shares during the last quarter. Yousif Capital Management LLC purchased a new stake in Apollo Commercial Real Estate Finance during the fourth quarter worth approximately $1,576,000. Arete Wealth Advisors LLC purchased a new stake in Apollo Commercial Real Estate Finance during the fourth quarter worth approximately $1,368,000. Finally, MAS Advisors LLC purchased a new stake in Apollo Commercial Real Estate Finance during the fourth quarter worth approximately $1,235,000. 57.62% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Apollo Commercial Real Estate Finance

In other news, Director Mark C. Biderman sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 17th. The stock was sold at an average price of $12.68, for a total transaction of $126,800.00. Following the completion of the sale, the director now owns 65,663 shares in the company, valued at $832,606.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.73% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price objective on Apollo Commercial Real Estate Finance from $13.00 to $13.50 and gave the company a “neutral” rating in a research note on Monday, April 25th. Credit Suisse Group reduced their price objective on Apollo Commercial Real Estate Finance to $13.00 in a research note on Friday, July 22nd.

Apollo Commercial Real Estate Finance Price Performance

Shares of NYSE ARI opened at $12.38 on Friday. Apollo Commercial Real Estate Finance, Inc. has a twelve month low of $9.41 and a twelve month high of $15.98. The company has a current ratio of 38.24, a quick ratio of 38.25 and a debt-to-equity ratio of 3.09. The stock has a 50 day moving average of $11.30 and a two-hundred day moving average of $12.54. The stock has a market cap of $1.74 billion, a P/E ratio of 10.96 and a beta of 1.34.

Apollo Commercial Real Estate Finance (NYSE:ARI – Get Rating) last released its quarterly earnings results on Tuesday, July 26th. The real estate investment trust reported $0.35 EPS for the quarter, topping the consensus estimate of $0.26 by $0.09. Apollo Commercial Real Estate Finance had a return on equity of 8.22% and a net margin of 71.47%. During the same quarter in the previous year, the firm earned $0.38 earnings per share. On average, research analysts forecast that Apollo Commercial Real Estate Finance, Inc. will post 1.29 earnings per share for the current year.

Apollo Commercial Real Estate Finance Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 11.31%. The ex-dividend date was Wednesday, June 29th. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is currently 123.89%.

About Apollo Commercial Real Estate Finance

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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.

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



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