Jane Street Group LLC Grows Stake in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Jane Street Group LLC increased its holdings in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 139.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 302,388 shares of the real estate investment trust’s stock after purchasing an additional 176,101 shares during the quarter. Jane Street Group LLC’s holdings in Apollo Commercial Real Estate Finance were worth $2,779,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its position in shares of Apollo Commercial Real Estate Finance by 1.8% during the 2nd quarter. AQR Capital Management LLC now owns 59,621 shares of the real estate investment trust’s stock worth $584,000 after buying an additional 1,039 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in Apollo Commercial Real Estate Finance by 1.7% in the second quarter. Louisiana State Employees Retirement System now owns 65,800 shares of the real estate investment trust’s stock valued at $644,000 after acquiring an additional 1,100 shares in the last quarter. PFG Investments LLC grew its holdings in shares of Apollo Commercial Real Estate Finance by 2.9% during the third quarter. PFG Investments LLC now owns 48,584 shares of the real estate investment trust’s stock worth $446,000 after purchasing an additional 1,352 shares during the last quarter. QRG Capital Management Inc. increased its position in shares of Apollo Commercial Real Estate Finance by 2.2% during the third quarter. QRG Capital Management Inc. now owns 67,502 shares of the real estate investment trust’s stock worth $620,000 after purchasing an additional 1,456 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Apollo Commercial Real Estate Finance by 3.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 70,256 shares of the real estate investment trust’s stock valued at $688,000 after purchasing an additional 2,037 shares during the last quarter. 54.43% of the stock is owned by institutional investors and hedge funds.

Apollo Commercial Real Estate Finance Stock Performance

NYSE:ARI opened at $9.04 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 46.13 and a quick ratio of 46.13. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of -9.83 and a beta of 1.75. The firm’s fifty day moving average price is $9.05 and its 200 day moving average price is $9.68. Apollo Commercial Real Estate Finance, Inc. has a 1-year low of $8.52 and a 1-year high of $12.74.

Apollo Commercial Real Estate Finance Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.06%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is -108.70%.

Analyst Upgrades and Downgrades

ARI has been the topic of several research analyst reports. StockNews.com lowered Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. decreased their price target on shares of Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating for the company in a research note on Thursday, October 17th. Finally, UBS Group dropped their price objective on shares of Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a “neutral” rating on the stock in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat.com, Apollo Commercial Real Estate Finance presently has an average rating of “Hold” and an average target price of $9.63.

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.