Wealth Enhancement Advisory Services LLC Increases Position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

Wealth Enhancement Advisory Services LLC lifted its holdings in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 31.2% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,876 shares of the real estate investment trust’s stock after buying an additional 6,866 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Apollo Commercial Real Estate Finance were worth $283,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. International Assets Investment Management LLC purchased a new position in Apollo Commercial Real Estate Finance in the fourth quarter worth $1,840,000. Louisiana State Employees Retirement System bought a new position in Apollo Commercial Real Estate Finance during the fourth quarter valued at about $764,000. New York State Common Retirement Fund grew its position in Apollo Commercial Real Estate Finance by 15.1% during the fourth quarter. New York State Common Retirement Fund now owns 57,534 shares of the real estate investment trust’s stock valued at $675,000 after buying an additional 7,541 shares during the period. Van ECK Associates Corp increased its holdings in Apollo Commercial Real Estate Finance by 1.5% during the fourth quarter. Van ECK Associates Corp now owns 762,079 shares of the real estate investment trust’s stock worth $8,947,000 after buying an additional 11,102 shares during the last quarter. Finally, Natixis Advisors L.P. purchased a new position in Apollo Commercial Real Estate Finance in the fourth quarter valued at about $204,000. 54.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ARI has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price target on shares of Apollo Commercial Real Estate Finance from $9.50 to $10.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 16th. Keefe, Bruyette & Woods lowered their target price on Apollo Commercial Real Estate Finance from $11.00 to $10.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 1st. Finally, BTIG Research initiated coverage on Apollo Commercial Real Estate Finance in a research note on Friday, July 19th. They set a “neutral” rating for the company. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $10.25.

Apollo Commercial Real Estate Finance Trading Up 2.2 %

Shares of ARI stock opened at $10.34 on Monday. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of -13.26, a PEG ratio of 1.61 and a beta of 1.75. The company’s fifty day simple moving average is $10.28 and its two-hundred day simple moving average is $10.50. Apollo Commercial Real Estate Finance, Inc. has a 1 year low of $9.14 and a 1 year high of $12.74. The company has a debt-to-equity ratio of 0.61, a current ratio of 52.35 and a quick ratio of 52.35.

Apollo Commercial Real Estate Finance Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a dividend of $0.35 per share. The ex-dividend date was Friday, June 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 13.54%. Apollo Commercial Real Estate Finance’s payout ratio is -179.49%.

Insider Buying and Selling

In other Apollo Commercial Real Estate Finance news, Director Scott Prince sold 4,935 shares of Apollo Commercial Real Estate Finance stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $10.12, for a total transaction of $49,942.20. Following the completion of the transaction, the director now owns 81,154 shares of the company’s stock, valued at approximately $821,278.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.68% of the stock is currently owned by insiders.

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.