Diversify Wealth Management LLC Takes $129,000 Position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Diversify Wealth Management LLC purchased a new position in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 15,000 shares of the real estate investment trust’s stock, valued at approximately $129,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AQR Capital Management LLC grew its holdings 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 purchasing an additional 1,039 shares in the last quarter. PFG Investments LLC lifted its position in 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 period. QRG Capital Management Inc. lifted its position in 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 during the period. The Manufacturers Life Insurance Company increased its holdings in 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 buying an additional 2,037 shares during the period. Finally, Private Advisor Group LLC raised its position in shares of Apollo Commercial Real Estate Finance by 9.0% in the 3rd quarter. Private Advisor Group LLC now owns 28,872 shares of the real estate investment trust’s stock valued at $265,000 after buying an additional 2,382 shares in the last quarter. Institutional investors and hedge funds own 54.43% of the company’s stock.

Apollo Commercial Real Estate Finance Trading Down 0.0 %

NYSE ARI opened at $8.90 on Friday. The business’s fifty day moving average is $9.02 and its 200 day moving average is $9.51. Apollo Commercial Real Estate Finance, Inc. has a twelve month low of $8.44 and a twelve month high of $11.97. The company has a market cap of $1.23 billion, a price-to-earnings ratio of -9.67 and a beta of 1.74. The company has a quick ratio of 46.13, a current ratio of 46.13 and a debt-to-equity ratio of 0.67.

Apollo Commercial Real Estate Finance Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 11.24%. Apollo Commercial Real Estate Finance’s dividend payout ratio is presently -108.70%.

Analyst Ratings Changes

Several analysts recently issued reports on ARI shares. JPMorgan Chase & Co. decreased their price objective on shares of Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating on the stock in a research note on Thursday, October 17th. Keefe, Bruyette & Woods decreased their price target on Apollo Commercial Real Estate Finance from $9.00 to $8.75 and set a “market perform” rating on the stock in a research note on Tuesday, January 14th. UBS Group dropped their price objective on Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a “neutral” rating for the company in a research report on Friday, November 15th. Finally, StockNews.com upgraded Apollo Commercial Real Estate Finance from a “sell” rating to a “hold” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $9.31.

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.