Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Stake Boosted by PFG Investments LLC

PFG Investments LLC increased its position in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 2.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,584 shares of the real estate investment trust’s stock after acquiring an additional 1,352 shares during the period. PFG Investments LLC’s holdings in Apollo Commercial Real Estate Finance were worth $446,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Triad Wealth Partners LLC acquired a new position in Apollo Commercial Real Estate Finance in the second quarter worth approximately $43,000. Future Financial Wealth Managment LLC bought a new stake in Apollo Commercial Real Estate Finance in the third quarter worth approximately $44,000. EverSource Wealth Advisors LLC acquired a new position in shares of Apollo Commercial Real Estate Finance during the 2nd quarter worth $59,000. Quest Partners LLC raised its holdings in shares of Apollo Commercial Real Estate Finance by 7,689.4% during the 2nd quarter. Quest Partners LLC now owns 9,581 shares of the real estate investment trust’s stock valued at $94,000 after purchasing an additional 9,458 shares in the last quarter. Finally, Hollencrest Capital Management lifted its stake in shares of Apollo Commercial Real Estate Finance by 100.0% in the 1st quarter. Hollencrest Capital Management now owns 10,000 shares of the real estate investment trust’s stock valued at $111,000 after purchasing an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors own 54.43% of the company’s stock.

Insider Transactions at Apollo Commercial Real Estate Finance

In related news, Director Scott Prince sold 4,935 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $10.12, for a total value of $49,942.20. Following the completion of the transaction, the director now owns 81,154 shares of the company’s stock, valued at $821,278.48. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.68% of the stock is owned by insiders.

Apollo Commercial Real Estate Finance Stock Performance

ARI opened at $8.84 on Wednesday. The stock has a market cap of $1.26 billion, a PE ratio of -11.33, a P/E/G ratio of 1.93 and a beta of 1.75. Apollo Commercial Real Estate Finance, Inc. has a 1 year low of $8.52 and a 1 year high of $12.74. The stock’s 50 day simple moving average is $9.53 and its 200-day simple moving average is $10.00. The company has a current ratio of 54.21, a quick ratio of 54.21 and a debt-to-equity ratio of 0.63.

Apollo Commercial Real Estate Finance Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.31%. The ex-dividend date of this dividend was Monday, September 30th. Apollo Commercial Real Estate Finance’s dividend payout ratio is -128.21%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. BTIG Research started coverage on shares of Apollo Commercial Real Estate Finance in a research note on Friday, July 19th. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. cut their price objective on Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating for the company in a research report on Thursday, October 17th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $9.88.

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.